USD/CAD Retreats Towards Mid-14000s as USD Softens: A Brief Market Update Introduction The USD/CAD pair has been facing some downward pressure after gaining momentum earlier in the week. As the US dollar softens, the pair is struggling to maintain its recent gains and is now approaching the mid-1.4000s. This decline
EUR/USD on the Rise: French Political Crisis Keeps Market Sentiment in Check EUR/USD ticks higher and strives to stay above 1.0500 In European trading hours on Thursday, the EUR/USD currency pair is showing signs of upward movement, with the pair trying to maintain its position above the pivotal 1.0500 level.
Gold Dips as US Bond Yields Rebound: Is the Downside Limited? Gold price drifts lower amid mixed fundamental cues Gold price (XAU/USD) has been drifting lower during the Asian session on Thursday, albeit it remains confined in a familiar range held over the past week or so amid mixed fundamental
Uncovering Silver’s Future: A 3-Week Support Build at $30? Silver prices skyrocket to a 12-year high Silver prices recently experienced a significant surge in the market, reaching a 12-year high. This surge marked the metal’s first test of the 35-handle since October of 2012. During this time, gold prices were
Silver Soars: XAG/USD Bounces Back from $30.50 After Strong US Job Data Silver Price Recovers Following Release of US ADP Employment Change Data The silver price (XAG/USD) has shown a V-shaped recovery pattern, bouncing back from the key support level of $30.50 during Wednesday’s North American session. This surge in
Unlocking the Power of AUDCAD: How GDP Data Impacts Price Trends The Shift in USD and AUD The US Dollar (USD) lost momentum on Tuesday, reversing some of Monday’s gains and moving closer to key support levels around 106.00, as measured by the Dollar Index (DXY). Meanwhile, the Australian Dollar
Unlocking the Potential: USD/CAD Ascending Triangle Breakout Signals Continued Upside Momentum The USD/CAD pair extends its winning streak for the third trading day on Wednesday The USD/CAD pair has been on a roll, extending its winning streak for the third trading day on Wednesday. The Loonie pair is moving higher,
Breaking Down the EUR/USD and Dow Forecast: What to Expect Ahead of Crucial US Data Introduction The first week of December brings with it a cautious outlook for 2025, particularly in the realm of global economics. The ISM Manufacturing PMI, which serves as a key indicator of economic growth, remains
Rising from the Ashes: AUD/JPY Price Forecast Bounces Back from Intraday Dip Below 9600, But Bearish Sentiment Persists The AUD/JPY cross dropped to its lowest level since September 18 during the Asian session on Wednesday as softer Australian GDP print lifted bets for an early interest rate cut by the
Caught in a Currency Conundrum: The EUR/USD Struggle Below 1.06 The Battle Continues The EUR/USD pair found itself caught in a struggle once again on Tuesday, as it grappled with the 1.0500 handle. The Fiber, as it’s sometimes called, flubbed a bullish run at 1.0600, leaving investors wondering what the
Unlock Your Trading Potential: A Look at the Latest US Dollar Price Action Setups for EUR/USD and USD/JPY (12/3-12/4) – Watch Now! Understanding the Recent US Dollar Price Action The last week of November finally showed some pullback for the US Dollar in a bullish trend that had priced-in aggressively
Currency Update: CHF/JPY Pair Reacts to Latest CPI Data – What’s Next? Introduction As the global economy continues to grapple with uncertainty, the currency market remains a key indicator of economic health. The latest data on the Consumer Price Index (CPI) has significant implications for the CHF/JPY pair, as the
US Dollar Takes a Step Back as Euro Bounces Back from French Political Turmoil Overview The US Dollar (USD) is paring back Monday’s gains, with the US Dollar Index (DXY) trading in the lower end of 106.00 on Tuesday, as traders take profits after the steep surge seen at the
From Plunge to Recovery: Euro Bounces Back Above 1.05 Against US Dollar Amidst French Political Turmoil Description: The Euro recovers firmly above 1.0500 against the US Dollar on Tuesday after losing 0.78% on Monday due to doubts over the stability of the French government. French Prime Minister Michel Barnier used
Unlocking the Secrets of USD/NOK and NOK/JPY A Guide to Rate Differentials and Sentiment Skew for Directional Risks The re-emergence of the US as a global energy superpower continues to weigh on smaller commodity currencies like the Norwegian krone, limiting upside during periods of higher prices while amplifying downside stemming
Market Madness: AUD/JPY and AUD/USD Plummet at Asian Open on December 3rd, 2024 Description: I thought we might make it a bit closer to 2025 before the selloff an anticipated selloff on AUD/JPY unfolded. But we’re reminded that Trump can make or break sentiment on a whim with his eye
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