From Inflation to Jobs: AUD/USD on the Rise Ahead of PPI Report Description: The Australian Dollar snaps five straight days of losses and climbs over 0.35% as data showed that inflation in the United States (US) was higher than foreseen, but a soft jobs report tempered the Greenback’s advance. At
Navigating the AUD/USD Rollercoaster: A Technical Analysis Update Stabilizing at 0.6730 The AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a strengthening US dollar and uncertainties
Shining Bright: Gold Rises as Fed Signals Dovish Stance Gold (XAU/USD) trades back in the $2,610s on Thursday after temporarily correcting back following the release of US inflation and jobs data. Gold has been on the rise as the Federal Reserve signals a dovish stance in light of recent economic
Silver Price Update: XAG/USD Holds Steady in Mid-$3000 Range – But Don’t Count Your Coins Just Yet! Description: Silver (XAG/USD) lacks any firm intraday direction on Thursday and oscillates in a narrow trading band around mid-$30.00s through the first half of the European session. The white metal remains within striking
USD/CAD Remains Strong Above 1.3700 as Bulls Approach US Consumer Inflation Report The Current State of USD/CAD Pair The USD/CAD pair has recently reversed an Asian session dip and is currently positioned just above the 1.3700 round figure. This places the pair within striking distance of its highest level since
Unlocking the Forecast: Japanese Companies Predict USD/JPY to Stay Between 140-150 until 2025 The Challenges Facing Japanese Companies A recent survey conducted by Reuters has shed light on the challenges that Japanese companies are currently facing. The survey revealed that 36% of Japanese firms are expecting to miss their first-half
Unleashing the Power of USD: Gold and EUR/USD Take a Breather Before CPI Release The Importance of Tomorrow’s CPI Print As a financial analyst, I have always believed in the power of data to influence the markets. While some may argue that a single data print should not be overemphasized,
EUR/USD Treads Carefully Near 1.0950 Ahead of FOMC Minutes and US Inflation: A Tightrope Act The Current State of EUR/USD EUR/USD finds itself in a precarious position as it hovers near the eight-week low of 1.0950 during Wednesday’s New York session. The major currency pair is facing significant pressure from
Breaking Down the AUD/USD: Will it Bounce Back or Continue to Slide? A Look at the 50-Day SMA and FOMC Minutes The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and drifts into negative territory for the fifth straight day on Wednesday. Spot prices drop
Breaking Down the Battle of NZD/USD: RBNZ’s Rate Cut vs. the 200-Day SMA Description: NZDUSD continues the bearish correction. Technical oscillators are mixed. NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding near
Gold Price Struggles to Stay Afloat: Holding Steady Above $2,600 Mark Description: Gold price (XAU/USD) remains under some selling pressure for the sixth successive day on Wednesday, albeit it manages to hold above a three-week low touched the previous day. Traders opt to move to the sidelines ahead of the
China’s Stimulus Bazooka Fails to Fire Up AUD/USD, Iron Ore, Copper, and Silver: A Disappointing Twist in the Market The Impact of China’s Latest Stimulus Announcement Iron ore, copper, and silver, along with the Australian dollar, were among the markets hardest hit by China’s latest stimulus announcement. Investors were eagerly
Silver Price Update: XAG/USD at Risk of Dipping Below $31, Potential Breakdown Looms Ahead Silver Extends Retracement Slide Silver (XAG/USD) extends its retracement slide from the vicinity of the $33.00 mark, or the highest level since December 2012 touched last week, and remains under heavy selling pressure for the second
Breaking Down the NZD/USD Drop: Testing the 200-Day SMA Support Near 0.6100 The NZD/USD pair attracts some sellers following an Asian session uptick to the 0.6145 region and drifts into negative territory for the sixth successive day on Tuesday. Spot prices drop to a one-month low in the last hour,
Breaking Down Bailey’s Comments: EUR/GBP on the Rise! The Impact of Governor Bailey’s Remarks The EUR/GBP exchange rate is currently in the 0.8390s after a significant increase on Monday. This rise can be attributed to the negative trend of the Pound Sterling (GBP) following comments made by Andrew Bailey, the
Kiwi Currency Continues to Plummet: Traders Prepare for RBNZ Policy Decision Introduction The NZD/USD pair extends its losing spree for the fifth trading session on Monday. The Kiwi asset weakens on multiple tailwinds: weakens in the New Zealand Dollar (NZD) amid caution ahead of the Reserve Bank of New Zealand’s
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