Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD Forecast: Sellers could take action if 1.2000 fails
GBP/USD has recovered modestly after having declined toward 1.2000. The technical outlook suggests that buyers remain uninterested. The bearish pressure could strengthen if 1.2000 support fails. GBP/USD has managed to erase a small portion of its … [Continue reading]
NZD/USD Price Analysis: Drops back below 200-SMA, monthly support line in focus
NZD/USD holds lower ground near intraday bottom, extends pullback from 50-SMA. Failure to stay beyond 200-SMA, looming bear cross on MACD favor sellers. One-month-old ascending trend line restricts immediate downside. 61.8% Fibonacci retracement adds … [Continue reading]
NZD/USD traces downbeat options market signals to slide beneath 0.6300
NZD/USD takes offers to refresh intraday low near 0.6260, extending the previous day’s downbeat momentum, while tracing the recently bearish options market signals. That said, the Risk Reversal (RR), calculated as the difference between call and put … [Continue reading]
Forex Today: US Dollar on the backfoot as optimism persists
What you need to take care of on Tuesday, December 28: The US Dollar extended its Friday slide, ending Tuesday with modest losses against most major rivals. Softening US inflation, as per data released last week, coupled with Chinese news to boost … [Continue reading]
EUR/USD rebounds from 1.0610, eyes daily highs
Wall Street trims losses, DXY approaches daily lows. Bond yields off highs, after reaching weekly highs. EUR/USD remains sideways with bullish bias. The EUR/USD has recovered 1.0611, reaching the lowest level since last Thursday and then bounced … [Continue reading]
USD/CAD keeps heading south and approaches important support at 1.3520
The USD dives for the third consecutive day. Hopes of Fed easing are weighing on the Greenback. The Lonie appreciates with oil prices rising steadily. The US Dollar has extended losses against its Canadian counterpart on Tuesday reaching to hit … [Continue reading]
USD/JPY remains depressed below 133.00 amid quiet trading
USD/JPY is treading listlessly amid a quiet start to the holiday-shortened week. US Dollar drops with Treasury bond yields amid China-led risk-on mood. USD/JPY bulls need acceptance above 133.00 to resume the recovery. USD/JPY is trading … [Continue reading]
USD/CAD Price Analysis: 50-DMA probes immediate downside above 1.3500
USD/CAD takes offers after breaking six-week-old ascending trend line support, now resistance. The first bearish MACD signal in a month, RSI retreat suggests further downside. 50-DMA challenges bears targeting ascending support line from … [Continue reading]
South Korea Consumer Sentiment Index registered at 89.9 above expectations (87.4) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]