Australian Dollar declines as subdued inflation dims hopes for aggressive rate cuts, pressuring the Aussie’s recent rally. US House of Representatives passes Trump’s tax cut bill, elevating the Greenback despite uncertain tariff developments. Softer … [Continue reading]
Below 11.00, EUR/SEK can return to levels last seen in early 2023 – Rabobank
The SEK is the best performing G10 currency in the month to date, Rabobank's FX analyst Jane Foley notes. EUR/SEK hits a fresh 1 year low and bounces back "At the end of last week EUR/SEK hit a fresh 1 year low and has since been bumping along close … [Continue reading]
Gold afloat above $2,900 while US yields give way
Weak US data and tariff threats boost hopes for a Federal Reserve interest rate cut. Gold price consolidates the prior day’s losses and is looking for support on Wednesday. Market sentiment tries to snap Tuesday’s negativeness and could support … [Continue reading]
USD/CAD climbs toward 1.4350 as the US Dollar strengthens, Oil prices weaken
USD/CAD appreciates as the DXY advances toward 106.50, driven by rising US yields. Richmond Fed President Barkin emphasized the need for a cautious "wait and see" approach amid persistent policy uncertainties. The commodity-linked CAD faces headwinds … [Continue reading]
NZD/USD remains subdued near 0.5700, awaits potential updates on US tariffs on China
NZD/USD depreciates as traders adopt caution as the February consumer confidence report looms. China’s Vice Commerce Minister has met with US business leaders to discuss tariffs. The Trump administration plans to tighten chip export controls on … [Continue reading]
NZD/USD Price Analysis: Bears press as the pair nears key support
NZD/USD extends its losing streak to three consecutive sessions, testing critical support levels. RSI remains in positive territory but declines sharply, reflecting fading bullish strength. The pair approaches the 20-day SMA; a sustained break below … [Continue reading]
AUD/USD Price Forecast: Tariffs weigh on potential gains
AUD/USD dropped to multi-day lows near 0.6320 on Tuesday. The US Dollar reversed recent gains despite the tariff narrative. The RBA’s Monthly CPI Indicator comes next on the docket. The US Dollar (USD) drifted lower and set aside part of the recent … [Continue reading]
Gold consolidates Tuesday’s losses with markets digesting latest tariff move from President Trump
An outlier day for Gold this Tuesday with losses on the quote board. The Trump administration seeks to corner China and toughens its semiconductor restrictions. Gold heads back to $2,935, though remains to look heavy with an … [Continue reading]
US Dollar Index Price Forecast: Could test nine-day EMA barrier near 107.00
The US Dollar Index may find primary support around the falling wedge’s lower boundary at 105.90. The 14-day RSI remains below 50, reinforcing bearish bias. The nine-day EMA of 106.89 appears as the immediate resistance. The US Dollar Index (DXY), … [Continue reading]
GBP/USD Price Forecast: Holds gains above 1.2600 support near nine-day EMA
The GBP/USD pair remains in an ascending channel pattern. The pair may face immediate resistance at the two-month high of 1.2690. The primary support appears at the nine-day EMA of 1.2597. The GBP/USD pair gains ground after registering losses in … [Continue reading]