USD/CAD: A Tale of Key Support and the Resilient US Dollar’s Upswing Description: The USD/CAD pair ticks down but holds the immediate support of 1.3950 in Thursday’s North American session. The Loonie pair strives to resume its upside journey on US Dollar’s (USD) firm near-term outlook backed by growing doubts
Uncovering the Truth Behind the GBP/USD Exchange Rate: Will Pound’s Inflation Boost Be Enough to Prevent 6-Month Lows by 2024-11-21? The Pound’s Recent Performance The Pound has been in the spotlight recently as it posted significant gains in immediate response to the latest UK inflation data. This positive news initially
Stay Strong, AUD/USD: The Latest on the Softer USD and Upcoming US Jobless Claims and Fed Updates The AUD/USD pair attracts some dip-buyers on Thursday The AUD/USD pair is experiencing some positive movement on Thursday as it attracts dip-buyers, holding steady around the 0.6520 area during the first half of
Gold Continues to Shine: Fourth Consecutive Day of Price Increases Amidst Growing Geopolitical Tensions Gold Price Reaches Fresh High Amidst Rising Uncertainties Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on
EUR/USD Bounces Back, But Can It Keep Up? A Look at the Latest Market Trends Market Analysis EUR/USD bulls frayed at their ends during the midweek hump session, giving back nearly half of a percent and keeping Fiber price action hamstrung just north of the 1.0500 major handle. Thursday is
GBP/USD: A Battle on the Charts as CPI Rise Fails to Ignite Interest Introduction On Wednesday, GBP/USD went through a tumultuous trading session, struggling to establish a clear trend. The currency pair tested the boundaries of the 1.2700 handle, only to face a downward rejection, ultimately closing the day slightly
EUR/CAD Update: Pair Continues to Slide Towards Previous Lows, Indicators Show Strong Bearish Sentiment Introduction The EUR/CAD fell by 0.29% on Wednesday, reaching a low of 1.4745, continuing its decline and reaching lows last seen in July. The bearish trend is supported by negative technical indicators, with the Relative Strength
GBP/JPY Soars: UK Consumer Price Data and Decrease in Safe Haven Flows Boosts Currency Pair Introduction GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank
Breaking Down the AUD/USD: A Look at the Recent Retreat and USD Rebound Introduction The AUD/USD pair has retreated from the vicinity of mid-0.6500s, after reaching a one-week high earlier this Wednesday. The pair has extended its steady intraday descent through the first half of the European session. This downward
Silver Slumps Below $31 as Safe Haven Demand Fades: A Forecast for XAG/USD Market Update Silver price (XAG/USD) extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday. The white metal falls back as fresh escalation in the Russia-Ukraine war inspired
Breaking Down the GBP/USD: Pound Sterling Rises Near 1.2700 as UK CPI Inflation Data Looms Introduction GBP/USD continues to gain ground for the third successive session, trading around 1.2690 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens as markets price in less than a 20% chance of
GBP/USD on the Rise: A Look at the Upcoming UK CPI Inflation Data Understanding the Recent Movement GBP/USD continues to gain ground for the third successive session, trading around 1.2690 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens as markets price in less than a 20% chance
GBP/USD: Awaiting UK CPI Inflation Print as Pair Hovers Below 1.27 Mark Description: GBP/USD churned chart paper just south of 1.2700 on Tuesday as Cable traders brace for a decently-sized UK data dump due on Wednesday, headlined by UK Consumer Price Index (CPI) inflation figures for October. US economic data
Rising from the Ashes: A Look at the NZD/USD Price Analysis as Buyers Fight for Control The NZD/USD climbed by 0.31% to 0.5910 in Tuesday’s session, continuing its recovery as buyers gained further ground and pushed back the sellers’ attempts. Indicators such as the Relative Strength Index (RSI) and Moving
EUR/USD Under Pressure: ECB Officials Concerned About Eurozone Economic Growth Introduction The EUR/USD struggles to extend Monday’s recovery above the immediate resistance of 1.0600 and edges lower in Tuesday’s European session. It appears that the recovery from the yearly low around 1.0500 last week in the major currency pair losses
GBP/USD Update: Pound Sterling Gains Momentum as USD Weakens Below 1.2700 Mark Description The GBP/USD pair attracts buyers for the second straight day on Tuesday amid a modest US Dollar (USD) downtick and climbs back closer to the 1.2700 mark during the Asian session. Spot prices, however, lack bullish conviction as investors
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