Forex News

Breaking Down the USD/CAD Battle: Will Bears Push Past the 1.3780-1.3790 Resistance? Insights from Scotiabank Introduction There is a subtle split in G10 FX performance on the day, with the AUD and NZD firming and the NOK trading a little stronger overall while the JPY and the CHF are tending

NZD/USD: Riding High Above the 0.6000 Mark, Bulls Eyeing Multi-Week Highs The NZD/USD pair attracts fresh buyers Following an intraday dip to levels below the 0.6000 psychological mark, the NZD/USD pair is showing resilience as it sticks to its intraday gains through the early part of the European session on

Riding High: AUD/USD Hovers Near Multi-Week High as Bulls Anticipate Breakthrough Beyond 0.6600 Mark Introduction The AUD/USD pair catches fresh bids during the early part of the European session and climbs back closer to a two-and-half-week top touched on Friday. Spot prices currently trade around the 0.6600 round-figure mark, with

Golden Opportunities: Bullish Potential Remains Amidst Growing Geopolitical Risks Introduction Gold price (XAU/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Monday. A generally positive tone around the equity markets is seen acting as

Unlocking the Potential: A Look at the Upcoming US Inflation Data for USD/JPY Forecast Description: In the early parts of the week ahead, we could well see some further stabilisation in the global markets so long as the USD/JPY doesn’t fall in the same pace we saw on Monday and

GBP/USD: A Week of Losses and Lessons Learned Overview GBP/USD wrapped up a fourth straight week in the red, closing lower around four-tenths of one percent despite a late-week recovery from lows below the 1.2700 handle. A thin showing on the economic calendar from the UK side gave GBP traders

Unlocking the Secrets of the Canadian Dollar: A Look at USDCAD’s Dance with the 50-Day SMA on 08/09/2024 Decoding the USDCAD Currency Pair As the global economy continues to evolve, currency pairs like USD/CAD play a crucial role in understanding the dynamics of international trade and finance. The USDCAD pair

GBP/USD: A Steady Climb Towards 1.2785, But Resistance Looms Ahead – A Market Update Description The Pound Sterling continued to register gains on Friday yet found some resistance at 1.2773, shy of hitting the 50-day moving average (DMA) at 1.2785, which, if cleared, could pave the way for further upside.

USD/CAD Holds Strong Above 50-Day SMA Ahead of Canadian Jobs Data: A Price Prediction Update The Current Situation The USD/CAD pair has been holding strong above the 50-day Simple Moving Average (SMA) recently. After hitting a three-week low around the 1.3720-1.3715 region, the pair has managed to bounce back slightly.

Riding High: NZD/USD Stays Strong Above 0.6000 as USD Weakens and Risk Appetite Grows Introduction The NZD/USD pair has been on a solid recovery path this week, bouncing back from the 0.5850 area which was its lowest level since early November 2023. The currency pair has been gaining positive traction

Silver Price Update: XAG/USD Stagnates in Mid-2700s as Bears Take Control Description: Silver (XAG/USD) struggles to capitalize on the previous day’s goodish rebound from the $26.45 area, or the lowest level since early May and seesaws between tepid gains/minor losses through the early European session on Friday. The white metal

GBP/USD Continues to Rise: Latest News and Predictions for the Pound Sterling Overview The GBP/USD pair is seen building on the previous day’s goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive day on Thursday. The momentum lifts spot

Riding the Waves: EUR/USD Hovers Near 1.0900 as Traders Stay Afloat The Daily Rollercoaster of EUR/USD EUR/USD experienced a turbulent day on Thursday, with the currency pair testing the 1.0900 handle before ultimately ending the day at a similar level to where it started. This lack of significant movement comes

Uncovering the Truth Behind Gold Prices Will Gold bugs manage to withstand this wave of selling activity? Price action over the past months has resulted in capitulation from macro funds and large-scale selling activity from systematic trend followers across nearly every commodity market on our radar, TDS senior commodity strategist

Shining Bright: A Positive Outlook for Gold Despite Recent Dip Introduction Gold was trading higher, holding above the $2400 level in the first half of Thursday’s session. We have seen the US dollar weaken somewhat of late after losing a chunk of its yield appeal due to weak economic indicators

USD/JPY Takes a Dive Near 146.00 as BOJ Releases Hawkish Summary of Opinions Introduction The USD/JPY falls to near 146.00 in Thursday’s European session. The asset weakens as the Japanese Yen (JPY) strengthens after the release of the Bank of Japan’s (BoJ) Summary of Opinions (SoP), which indicated that officials