Is the AUD/USD Pair at Risk Near its Year-to-Date Low? A Look Ahead at the Upcoming US CPI Report. The AUD/USD pair remains under some selling pressure For the second straight day on Wednesday, the AUD/USD pair has been experiencing selling pressure, dropping to the 0.6340 area. This marks the
Uncovering the Future of EUR/USD and DXY: A Look at US CPI and 2025 Trends The Current Market Landscape As we delve into the intricate world of forex trading, one cannot ignore the impact of economic indicators on currency pairs like EUR/USD and the US Dollar Index (DXY). One such
USD/CAD Forecast: Bulls Tread Carefully Before US CPI Report and BOC Decision Current Market Analysis The USD/CAD pair is seeing a slight retreat in the Asian session on Wednesday, after hitting its highest level since April 2020 the day before. Trading just above the mid-1.4100s, the pair is down less
EUR/USD Takes a Dip: What to Expect from US CPI Inflation and ECB Rate Call Description: EUR/USD shed close to 0.2% on Tuesday, chalking in a third straight declining trading day and testing down into the 1.0500 handle as the Euro’s near-term bullish recovery fizzles out. Fiber is backsliding into
USD/JPY: Buckle Up for Inflation Fireworks as Traders Test 200DMA! A Technical Battle Ensues The USD/JPY currency pair is currently locked in a battle with the 200-day moving average on the daily charts. This key level is being tested as traders react to a technical breakout and a reversal higher
Uncovering the US Dollar’s Journey: A Look into CPI, FOMC, and its Impact on EUR/USD, USD/JPY, and Gold (XAU/USD) The US Dollar’s Rollercoaster Ride When Donald Trump won his first election in November of 2016, a massive move developed across US markets with both the US Dollar and US equities
Silver Shines Bright: XAG/USD Consolidates Near $32 as China’s Stimulus Plans and US Inflation Await The Current Status of Silver Price Silver price (XAG/USD) is currently trading in a tight range near $32.00 in Tuesday’s North American session. The white metal has been consolidating as investors eagerly await the outcome
Kiwi Currency Struggles: NZD/USD Stuck at 2-Week Low, But Holds Above Key 0.5800 Level Description: The NZD/USD pair struggles to capitalize on the previous day’s bounce from the vicinity of the 0.5800 mark or a near two-week low and attracts fresh sellers on Tuesday. Spot prices retain intraday bearish bias
USD/CAD Hits Record High of 1.42 Amidst Growing Speculation of BOC Rate Cut Introduction The USD/CAD pair touched a fresh high since April 2020 during the Asian session on Tuesday, though it lacks follow-through buying and remains below the 1.4200 round-figure mark. The near-term fundamental backdrop, meanwhile, seems tilted in
RBA Decision Causes AUD/NZD to Slide: A Look at the 200-Day SMA Introduction The AUD/NZD cross attracts fresh sellers following an Asian session uptick to the 1.1000 psychological mark and drops to a fresh daily low after the Reserve Bank of Australia (RBA) announced its policy decision. Spot prices currently
Shining Bright: Gold Price Holds Steady Near Two-Week High, Set to Rise Even Higher Introduction Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday and moves back closer to a two-week top touched the previous day. Geopolitical tensions continue to bolster safe-haven demand, which, along with the
Breaking Down the EUR/USD Slump: What to Expect from the Upcoming ECB Rate Call Description: EUR/USD trimmed its stance slightly on Monday, easing back away from the 1.0600 handle after facing a technical rejection from the key level last week. Euro traders are buckling down for a long wait to
Unlocking the Secrets of EUR/USD: A Currency Pair to Watch in December 2024 Description: The EUR/USD is our featured currency pair this week, owing to the fact we have the European Central Bank’s key rate decision and important inflation data from the US coming in a week before the Federal
Golden Opportunities: Geopolitical Tensions Drive Gold Prices Up as China Boosts Purchases Rising Gold Prices Amid Geopolitical Uncertainty On Monday’s early European session, the price of gold (XAU/USD) saw a slight increase, continuing its upward trend as geopolitical tensions escalate. The recent fall of the Bashar al-Assad regime in Syria
Unlocking the Future: A Look at the GBP/AUD Exchange Rate Forecast for 2024-12-09 Introduction As of the current date, the GBP/AUD exchange rate stands at AU$1.9852, showing a 1.5% increase from the previous week’s opening levels. The Australian Dollar (AUD) started last week on a weak note as investors showed
Revving Up for a Bullish Reversal: AUD/USD Price Forecast The AUD/USD pair finds temporary support and advances to near 0.6420 in Monday’s European session after posting a fresh four-month low near 0.6370 on Friday. The Aussie pair rebounds slightly with investors focusing on the Reserve Bank of Australia’s (RBA) monetary
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