Gold price seesaws around weekly top after rising the most in three weeks. United States Treasury bond yields underpinned US Dollar’s biggest daily fall in a week and propelled XAU/USD. Gold buyers also cheered receding fears of recession, hopes for … [Continue reading]
GBP/USD Price Analysis: On track for strongest quarterly gain against USD since 2009
GBP/USD is coming to a peak in a coil which puts to an imminent breakout. The emphasis is currently on a test of 1.2080 for the coming sessions. If the bears fail to break this level of support, then a meaningful correction to the upside will be on … [Continue reading]
Tron price steady as early 10% pennant breakout could be underway
Tron price printed a new high for the week. TRX gets tailwinds after the Bank of Japan tweaked its yield curve. In a strange move, cryptocurrencies are outpacing equities on Tuesday. Tron (TRX) price jumped higher on Tuesday in the ASIA PAC session … [Continue reading]
GBP/USD Forecast: Pound Sterling needs to reclaim 1.2200 to turn bullish
GBP/USD has been fluctuating in a tight range above 1.2100. Pound Sterling could attract buyers if it manages to clear 1.2200. US Dollar stays under bearish pressure following BOJ event. GBP/USD has extended its sideways grind above 1.2100 into the … [Continue reading]
GBP/USD Price Analysis: Pierces through monthly key support with eyes on 200-SMA
GBP/USD takes offers to refresh intraday low, pokes short-term key support line. Sustained trading below 100-SMA keeps sellers hopeful of visiting 200-SMA. Two-week-old horizontal area restricts immediate upside before the monthly high. GBP/USD … [Continue reading]
AUD/JPY Price Analysis: Grinds near 92.00 post-RBA Minutes, inverse H&S teases bulls ahead of BOJ
AUD/JPY grinds higher even as RBA Minutes fail to impress traders. RBA Minutes stated that policymakers discussed all options, eyed further rate hikes. Inverse Head-and-Shoulders pattern, impending bull cross on MACD lure buyers. 200-SMA, weekly … [Continue reading]
AUD/USD Price Analysis: Bulls are moving in with eyes on a 61.8% Fibonacci retracement towards 0.6800
AUD/USD bulls are waiting patiently for a change of character in the market structure. Bulls eye a test of 0.6800 for the days ahead while bears await confirmation of a downside opportunity. As per a prior analysis, AUD/USD drops … [Continue reading]
EUR/USD to enjoy further toward the 1.0788 May high, then 1.0892/1.0944 – Credit Suisse
EUR/USD’s strength has stalled near-term. Nevertheless, economists at Credit Suisse stay bullish for the 1.0788 May high, then the 50% retracement of the 2021/2022 downtrend at 1.0944 EUR/USD weakness stays seen as corrective “Resistance is seen … [Continue reading]
Australia: GDP growth to slow sharply in 2023 but remain positive – ANZ
Economists at ANZ Bank have downgraded their Australian GDP forecast to 1.5% year-on-year by end-2023. Notwithstanding the slower forecast growth trajectory, the the extent of RBA tightening is unchanged. Growth downgrade doesn’t change the policy … [Continue reading]
FX option expiries for Dec 19 NY cut
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]