AUD/USD trades with mild losses around 0.6605 in Monday’s early Asian session. The US Michigan Consumer Sentiment Index was stronger than expected, rising to 70.5 in October vs. 68.9 prior. The hawkish RBA might cap the Aussie’s … [Continue reading]
US Dollar steady as markets digest mid-tier data
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains … [Continue reading]
EUR/USD ends Friday struggling to hold onto 1.08
EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on … [Continue reading]
NZD/USD Price Analysis: Bears push lower, 0.6000 support gone
NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears … [Continue reading]
Gold price climbs as traders seek safety due to geopolitical woes
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with … [Continue reading]
Gold price steadies on geopolitics, US elections uncertainty
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with … [Continue reading]
Mexican Peso slumps amid political turmoil, ends week with losses
Mexican Peso weakens amid political uncertainty after judicial reforms limit judiciary’s ability to challenge constitutional changes. President Sheinbaum’s defiance of a federal judge's suspension order adds to concerns about rule of law and economic … [Continue reading]
NZD/JPY Price Analysis: Selling pressure emerges after bearish SMA crossover
The NZD/JPY has been trading sideways recently, showing no clear trend. Technical indicators suggest a growing bearish momentum, with the RSI and MACD starting to turn in favor of the sellers. The 100 and 200-day SMA completed a bearish crossover at … [Continue reading]
Dow Jones Industrial Average snaps win streak, caps off downside run with over 250 points loss on Friday
The Dow Jones shed seven-tenths of a percent on Friday at its lowest. A tech stock rally left the Dow in the dust as the blue-chip index waffles. Despite holding on the high end, the Dow Jones found its first down week since August. The Dow Jones … [Continue reading]
Australian Dollar recedes despite hawkish RBA , US mid-tier data
AUD/USD continues trading close to dangerous levels near 0.6600. Aussie Dollar could benefit from the hawkish tone surrounding the RBA. The USD saw some gains due to strong sentiment data from the University of Michigan. The AUD/USD declined by … [Continue reading]