Silver rebounds to reclaim the $31.00 mark, buoyed by a drop in US Treasury yields and ongoing market dynamics. Technical landscape shows resistance at the 50-day SMA of $31.75, with potential targets extending to $32.00 and $33.00. Key support … [Continue reading]
Australian Dollar retreats as US Dollar gains momentum after S&P PMI data
Aussie dropped 0.27% to 0.6495 in Friday's trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P PMI data from the US came in strong. The AUD/USD declined just below 0.6500 as the … [Continue reading]
EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
EUR/CAD fell 0.56% on Friday to trade close to 1.4550. Pair extended losing streak to four sessions and fell to a low since February. Oversold indicators signal potential correction, but negative outlook remains. The EUR/CAD extended its losing … [Continue reading]
USD/SGD: 2-way trades – OCBC
USD/SGD rebounded as markets continue to trade 2-way, caught between the forces of heightened geopolitical tensions and policy uncertainties associated with Trump presidency. Swings in RMB, JPY continued to drive USDSGD in the near term. Pair was … [Continue reading]
Australian Dollar remains subdued as US Dollar appreciates ahead of PMI release
The Australian Dollar loses ground as the US Dollar appreciates due to the rising likelihood of slower Fed rate cuts. Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into … [Continue reading]
WTI recovers above $70.00 as Russia-Ukraine war escalates
WTI price gains momentum to near 70.25 in Friday’s Asian session. The supply worries due to the escalation of the Russia-Ukraine war lift the WTI price. US crude oil inventories built and a stronger USD might cap the WTI’s upside. … [Continue reading]
NZD/JPY Price Analysis: Pair resumed losses, remains sideways in range, neutral outlook
The cross saw a decline of 0.71% in Thursday’s session. NZD/JPY remains range-bound between 90.00 and 92.00, with selling pressure weighing. Until a decisive breakout occurs either way, the cross is set to continue sideways trading. The NZD/JPY … [Continue reading]
Gold Price Forecast: XAU/USD faces extra upside near term
Prices of Gold extended their march north to the $2,670 zone. The US Dollar maintained its bid bias amid higher US yields. XAU/USD’s immediate up-barrier now comes at $2,700/oz. Gold prices extended their climb on Thursday, supported by steady … [Continue reading]
EUR/USD stays under pressure as ECB officials support more rate cuts
EUR/USD sees more downside below 1.0500 as ECB policymakers are concerned about growing risks to Eurozone economic growth. ECB’s Villeroy supports more rate cuts as the balance of risks to inflation and growth is shifting to the downside. Investors … [Continue reading]
USD/JPY Price Forecast: Extends the range play ahead of Japan’s CPI on Friday
USD/JPY attracts fresh sellers on Thursday, though the downside remains cushioned. The BoJ rate-hike uncertainty and a positive risk tone caps gains for the safe-haven JPY. Traders also seem reluctant ahead of Fed speaks and Japan’s National Core CPI … [Continue reading]