Share: GBP/USD bulls are taking back control on a break of structure. The rally has taken out the bearish trendline resistance. Sterling rose against a weaker dollar on Tuesday as British inflation remains in focus. This has forced the price … [Continue reading]
USD/CAD: There is not really much evidence of a reversal in intraday/daily chart patterns – Scotiabank
Share: Loonie makes marginal headway after the 1.3660 test. Economists at Scotiabank analyze USD/CAD technical picture. Break below 1.3560 should see losses extend a bit further toward 1.3520/25 “Short-term trading patterns look a bit soft for … [Continue reading]
European Monetary Union Business Climate fell from previous 0.54 to 0.19 in May
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]
USD/INR Price Analysis: Indian Rupee bears occupy driver’s seat within falling wedge, 82.75 is the key
Share: USD/INR picks up bids to extend the previous day’s rebound inside bullish chart formation. 50-SMA adds strength to 82.75 hurdle for Indian Rupee bears. April’s peak, 200-SMA restrict short-term downside of USD/INR pair. US Dollar grinds … [Continue reading]
USD/JPY lures buyers around mid-140.00s despite downbeat Japan Unemployment Rate, focus on risk catalysts
Share: USD/JPY picks up bids to reverse week-start retreat from the highest levels in six months. Japan Unemployment Rate eases, Jobs/Applicants Ratio remains static in April. Yields struggle ahead of full market’s return, challenges to sentiment … [Continue reading]
NZD/USD Price Analysis: Bulls moving in for possible run towards trendline resistance
Share: NZD/USD bulls coming into the market. Bearish impulse could be on the verge of a significant correction. NZD/USD bears are lurking in a shallow correction of the daily bearish impulse as the following will illustrate in a … [Continue reading]
Gold Price Forecast: XAU/USD may drop to support near low $1,900s – TDS
Share: Price pressures seem to be very sticky and the economy is showing little weakness. Therefore, Gold could remain under downside pressure, economists at TD Securities report. Fed could hike more than the market has priced “The concern that … [Continue reading]
USD/JPY to reach 122 by year-end as recent rally is set to reverse – UBS
Share: The Japanese Yen has been under pressure in recent days, with USD/JPY breaking a six-month high of 140. But in the view of economists at UBS, Yen weakness should reverse as Dollar strength is unlikely to last. BoJ looks set to normalize … [Continue reading]
USD Index eases from recent peaks near 104.40
Share: The index appears slightly offered just above 104.00. Biden-McCarthy reached a deal to raise the debt limit. US markets will be closed on Monday due to Memorial Day holiday. The greenback gives away part of the recent rally, although it … [Continue reading]
PBOC sets USD/CNY reference rate at 7.0575 vs. 7.0760 previous
Share: People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0575 on Monday, versus previous fix of 7.0760 and market expectations of 7.0574. It's worth noting that the USD/CNY closed near 7.0625 the previous day. "China … [Continue reading]