Breaking Down the AUD/USD Drop: How US Job Data Shook Up Fed Rate Cut Expectations Introduction The AUD/USD pair has experienced a retreat after a brief pullback above the key resistance level of 0.6800 during Monday’s European session. The Australian Dollar (AUD) has been on a losing streak against the
Unleashing the Potential: Silver Bulls Await a Break Above $32 for XAG/USD Forecast Introduction Silver (XAG/USD) has started the new week on a weaker note after extending Friday’s late pullback from the vicinity of the $33.00 mark, its highest level since December 2012. The white metal is currently trading around
Defending the 50% Fibonacci: AUD/USD Price Forecast and the Struggle for Bullish Commitment Above 0.6800 The AUD/USD pair kicks off the new week on a positive note The AUD/USD pair has started the new week on a positive note, snapping a two-day losing streak and stalling its recent pullback from
USD/JPY Dips Below Mid-14800s, But Downside Potential Remains Limited The USD/JPY Pair Struggles to Gain Momentum The USD/JPY pair is currently facing challenges as it fails to capitalize on a modest uptick during the Asian session. Despite attempts to break above the 149.00 mark, the pair is retreating slightly from
GBP/USD Takes a Dive: Pound Sterling Plummets Near 1.3070 Following Positive US Jobs Report Description The Pound Sterling (GBP) slides below the round-level support of 1.3100 against the US Dollar (USD) in Friday’s New York session. The GBP/USD pair extends its losing spree for the fourth trading session as market
Breaking Down the AUD/USD Forecast: Aussie Dollar Takes a Tumble on Friday The Aussie dollar fell on Friday, as the Non-Farm Payroll numbers came out hotter than anticipated, sending most traders running towards the US dollar overall. What Happened? On Friday, the Australian dollar experienced a significant drop in value
Unleashing the Potential: A Look into the Future of EUR/USD – October 4th, 2024 Exploring the Current Market Trends As we advised yesterday and as seen on our previous chart, the Euro has so far managed to sustain trades above the 1.1000 support level, with a low of 1.1008 recorded
Say Goodbye to the Strong Pound: UK Investor Demand Causes Sterling to Drop Against Euro and Dollar on October 4th, 2024 Description: The Pound (GBP) plunged against most of its counterparts on Thursday, shedding over 1% against the Euro (EUR) and the US Dollar (USD), following remarks from Bank of
USD/CHF Struggles to Break 50-Day SMA Resistance at 0.8540 Ahead of US NFP Report The USD/CHF pair reverses an intraday dip to the 0.8500 psychological mark and climbs back closer to a three-week top during the first half of the European session on Friday. Spot prices, however, remain below the
EUR/JPY Takes a Step Back from Weekly Highs, Aiming for the 161.00 Mark as JPY Demand Picks Up Description: The EUR/JPY cross meets with some supply during the Asian session on Friday and for now, seems to have snapped a two-day winning streak to the weekly peak, around mid-162.00s touched
USD/CAD Holds Steady at Mid-13500s: Traders Anticipate US NFP Report The Current Status of USD/CAD Pair The USD/CAD pair is currently struggling to capitalize on the previous day’s strong move up to a one-and-half-week top. It is oscillating in a range around the mid-1.3500s during the Asian session on Friday.
Unlocking the Mystery of Gold: How the Upcoming US NFP Report Could Impact its Range-Bound Price The Sideways Trend of Gold Price Gold price (XAU/USD) extends its sideways consolidative price move in a familiar range held since the beginning of the current week as traders await a fresh catalyst before
Breaking Down the Latest GBP/USD Forecast: Pound Sterling Plummets Under Pressure The Current Situation The GBP/USD pair has been facing significant downward pressure, with the Pound Sterling losing ground for the third consecutive day. This downward trend has been particularly pronounced over the past five days, with the pair plummeting
Market Buzz: NZD/USD Takes a Dip as Investors Await RBNZ Rate Cut Overview The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by
Mid-Week Forecast: GBP/USD Exchange Rate Stays Steady as US Jobs Data Falls Short Description At the time of writing the GBP/USD was trading at around $1.3268, virtually unchanged from Wednesday’s opening levels. The US Dollar (USD) managed to hold steady against the majority of its peers on Wednesday despite a
Breaking Down the GBP/USD: Bailey’s Dovish Remarks Send Pair to Two-Week Low Below Mid-1.3100s The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous four – and plummets to over a two-week low during the first
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