Share: The AUD/USD has walked back all of the day's gains in Friday trading as the DXY sees resurgence. Friday sees the Aussie down over 1% against the Greenback. A looming US government shutdown is seeing markets balk as investors clam up and … [Continue reading]
Canadian Dollar fumbles as Oil recedes, Canadian GDP misses the mark
Share: Canadian Dollar back into recent lows as Crude Oil prices tumble on Friday. Canadian GDP missed market expectations, economic growth came in flat. USD/CAD etches in a new high for the week as CAD slips, US Dollar recovers. The Canadian … [Continue reading]
Natural Gas dips ahead of the last US trading session for this week
Share: Natural Gas broke above $3 in early Friday trading, turns red near the US opening session. The US Dollar trades in the green for this week, though sees its weekly gains being erased as this Friday continous. US Natural Gas prices could … [Continue reading]
Pound Sterling recovers swiftly as risk appetite of investors improve
Share: Pound Sterling finds buying interest while UK recession risks remain intact. UK Manufacturing PMI is expected to contract for the 14th time in a row. UK’s real estate inquiries increase as households see no more increase in mortgage rates. … [Continue reading]
Gold Price Forecast: XAU/USD snaps a losing streak around $1,870 , focus on US Core PCE
Share: Gold price attempt to recover from the recent losses after moderate US data. The pullback in US Treasury yields put pressure on the US Dollar. US Core PCE is due on Friday, expected to reduce from 4.2% to 3.9%. Gold price snaps a four-day … [Continue reading]
Canadian Dollar set to continue lagging against the US Dollar
Share: Loonie is tracking crude barrel prices, USD closely. Canada GDP is expected to see sluggish growth. Canadian inflation remains sticky, keeping the BoC on its toes. The Canadian Dollar (CAD) is seeing minor gains against the US Dollar (USD) … [Continue reading]
Canadian Dollar looking for upside as US Dollar recedes
Share: Loonie is tracking crude barrel prices, USD closely. Canada GDP is expected to see sluggish growth. Canadian inflation remains sticky, keeping the BoC on its toes. The Canadian Dollar (CAD) is seeing minor gains against the US Dollar (USD) … [Continue reading]
Silver Price Analysis: XAG/USD turns volatile near $22.50 ahead of Fed’s preferred inflation gauge
Share: Silver price delivers volatile moves near $22.50 as US Dollar attempts recovery. Weekly jobless claims increased by 2K to 204K this week but remained below expectations of 215K. Silver price forms a Head and Shoulder pattern whose breakdown … [Continue reading]
GBP/USD Forecast: Pound Sterling could face strong resistance at 1.2200
Share: GBP/USD recovered above 1.2150 in the European session on Thursday. 1.2200 aligns as a critical technical resistance for the pair. A correction in US T-bond yields could weigh on the USD. GBP/USD came within a touching distance of 1.2100 on … [Continue reading]
GBP/USD Price Analysis: Remains under selling pressure, the key contention is seen at 1.2100
Share: GBP/USD remains under selling pressure around 1.2133, bouncing off the lowest since March 17 of 1.2110. The pair holds below the 50- and 100-hour EMAs with the oversold RSI condition. The key resistance level will emerge at 1.2250; 1.2100 … [Continue reading]