Share: Aptos price is pushing up over 6% intraday near the US opening bell. APT traders are trying to break above the red descending trend line. US Dollar strength is the omen for APT traders as US Fed Chair Powell is set to speak later this … [Continue reading]
AUD/USD to touch 0.75 by the end of the second quarter – ING
Share: There is really a lot to be liked about the Australian Dollar. Economists at ING expect the AUD/USD pair to reach the 0.75 level by the end of the second quarter. All aboard the Aussie rally “Australia is very uniquely exposed to a recovering … [Continue reading]
NZD/USD: Further decline remains on the cards – UOB
Share: In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further retracement lies ahead for NZD/USD in the short-term horizon. Key Quotes 24-hour view: “Yesterday, we highlighted that NZD ‘is … [Continue reading]
NZD/USD Price Analysis: Bears eye a move to test 0.6200 for teh days ahead
Share: A meanwhile correction in NZD/USD is playing out. However, a break of structure can be noted as a bearish bias for the days ahead. NZD/USD was significantly lower after Friday’s outsized US Nonfarm Payrolls print, but the … [Continue reading]
GBP/USD Price Analysis: Drops below the 100-DMA as bears eye 1.2000
Share: Since last Thursday, the GBP/USD has lost more than 3% as the US Dollar strengthened. GBP/USD Price Analysis: Daily close below the 100-DMA would exacerbate a test of 1.2000. The Pound Sterling (GBP) capped its fall against the US Dollar … [Continue reading]
Gold Price Forecast: XAU/USD poised to challenge $1,860 support
Share: XAU/USD Current price: $1,868.85 Political tensions between the United States and China undermine the market mood. US Treasury yields soared as stocks fell, backing demand for the US Dollar. XAU/USD is technically bearish in the near term, … [Continue reading]
AUD/USD hovers around 0.6900, over two-week low as focus shifts to RBA on Tuesday
Share: AUD/USD turns lower for the third straight day and is pressured by a combination of factors. Strong follow-through USD buying and the risk-off mood act weigh on the risk-sensitive Aussie. The downside seems limited in the absence of US macro … [Continue reading]
EUR/USD Forecast: Euro could extend slide with a drop below 1.0760
EUR/USD has gone into a consolidation phase below 1.0800. US Dollar preserves its strength following the NFP-inspired rally. 1.0760 aligns as key near-term technical support for the pair. Following the sharp decline witnessed in the second … [Continue reading]
Gold Price Forecast: XAU/USD bounces off $1,860 support amid Fed, China concerns
Gold price snaps two-day downtrend at the lowest levels in a month. US Dollar bulls struggle ahead of Fed Chair Powell’s speech. Sino-American tussles renew as Washington shot down Chinese balloon. Gold price (XAU/USD) consolidates the recent losses … [Continue reading]
USD/CHF Price Analysis: Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near … [Continue reading]