Share: GBP/USD corrects from 15-month highs as US Dollar sellers take a breather. All eyes remain on the US Federal Reserve policy announcements in the week ahead. GBP/USD bulls could re-emerge at lower levels while the key 1.2835 support … [Continue reading]
USD: A “healthy” correction, risks are more evenly spread once again – Commerzbank
Share: After the USD weakness had ended towards the end of last week, Thursday brought a notable correction of what had happened in the first half of the month. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes … [Continue reading]
GBP/JPY marches towards 181.00 on upbeat UK Retail Sales, dovish BoJ concerns
Share: GBP/JPY cheers upbeat UK data, chatters about BoJ inaction to snap four-day downtrend. UK Retail Sales improves to -1.0% YoY in June versus -1.5% expected, -2.1% prior. Disappointment from UK GfK sentiment gauge, British by-elections prod … [Continue reading]
EUR/JPY Price Analysis: Advances above the 156.00 area following Japanese CPI
Share: EUR/JPY gains momentum above the 156.00 area following the Japanese CPI data. EUR/JPY holds above the 100- and 200-hour EMAs. The cross will meet the immediate resistance at 156.90; 155.00 is a critical support level. EUR/JPY gains traction … [Continue reading]
AUD/USD Price Analysis: Bears eye a break below key 0.6750
Share: AUD/USD bears are ready to pounce on rallies and eye a break of 0.6750. Bulls need to get above 0.6850 to break the bearish bias. Ahead of next week’s FOMC meeting, US stocks retreated, and this took the Aussie for a ride to the … [Continue reading]
USD/JPY rises back above 140.00 following US data
Share: USD/JPY tallied a fifth consecutive day of gains rising to a high near 140.40. Jobless Claims decelerated in the second week of July and fueled a rise in US yields. Philly’s Fed Survey and Existing Home Sales showed poor results. The USD … [Continue reading]
What can crypto traders expect from Fed’s interest-rate decision?
Share: Bitcoin price has recently lacked direction, leaving traders guessing its next move. With the Federal Reserve’s interest-rate decision scheduled to take place on July 26, volatility could make a comeback. With disinflation on the rise, … [Continue reading]
NZD/USD now faces some consolidation – UOB
Share: NZD/USD is now seen trading within the 0.6210-0.6370 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: Yesterday, we held the view that NZD “could … [Continue reading]
USD/CAD prints four-day losing streak around mid-1.3100s amid sluggish US Dollar, Oil price
Share: USD/CAD remains pressured at weekly low, reversing Friday’s bounce off 10-month low. US Dollar snaps two-day recovery, Oil price remains sluggish as market sentiment dwindles on mixed Fed, China news. Second-tier employment, housing data … [Continue reading]
Gold Price Forecast: XAU/USD flirts with $1,980 resistance amid US Dollar rebound, mixed clues
Share: Gold Price remains dicey at 10-week high on US Dollar recovery, sluggish markets. Mixed clues about inflation, employment jostle with the US Dollar rebound from multi-month low to prod XAU/USD price. United States economics, Federal Reserve … [Continue reading]