Share: USD/CAD bulls run into a wall of resistance. USD/CAD bears are moving in with 1.3570 eyed. USD/CAD is on track to post a weekly gain as the recent rise in US bond yields helped underpin the greenback. However, a correction is … [Continue reading]
Gold Price Forecast: XAU/USD downside potential is probably exhausted for now – Commerzbank
Share: Gold price is under pressure amid dwindling rate cut expectations. Nonetheless, economists at Commerzbank see only limited further downside potential. Development of physical demand in Asia is hardly likely to influence prices “Hopes of any … [Continue reading]
Bitcoin Weekly Forecast: BTC delays inevitable crash to $25,000
Share: Bitcoin price seems ready to collapse and is awaiting a strong push to kick-start its nosedive. The $26,555 and $25,175 support levels are key for bulls to seize control from sellers. Invalidation of the bearish outlook will occur if BTC … [Continue reading]
WTI steadies below $72.00 amid jittery markets, US Dollar’s retreat amid fears of US default
Share: WTI crude oil consolidates the biggest daily loss in three weeks. Mixed sentiment about US debt ceiling deal, Oil demand-supply concerns prod energy traders. Cautious mood ahead of the key data/events also restricts immediate WTI moves. US … [Continue reading]
Australia Retail Sales s.a. (MoM) came in at 0% below forecasts (0.2%) in April
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/JPY soars to highest level since November 2022, following US data release
Share: USD/JPY reaches yearly highs and positions near the 140.00 level. US Q1 GDP grew by 1.3%, surpassing expectations, while Jobless Claims exceeded estimates. Core PCE inflation rose 5% in Q1. Investors are eagerly anticipating today's release … [Continue reading]
Gold Price Forecast: XAU/USD extends its bearish route
Share: XAU/USD Current price: $1,946.67 Risk aversion continues to favor the Greenback as US lawmakers struggle to clinch a deal. The US Gross Domestic Product was upwardly revised in Q1 from 1.1% to 1.3%. XAU/USD remains at the lower end of its … [Continue reading]
EUR/SEK: Krona’s near-term outlook remains grim – ING
Share: Losses in the Krona over the past week have exceeded those of any other G10 currencies. Economists at ING note that SEK recovery path remains very narrow, and almost fully dependent on market dynamics. It is up to the market to turn the tide … [Continue reading]
EUR/USD Price Analysis: Double bottom around 1.0760 keeps Euro buyers hopeful
Share: EUR/USD picks up bids to consolidate recent losses, forms bullish chart pattern. Convergence of 50-HMA, 100-HMA and fortnight-long resistance line appears a tough nut to crack for Euro buyers. Sellers can aim for late March swing lows on … [Continue reading]
AUD/USD bears attack 0.6600 amid risk aversion, Fed Minutes, US debt ceiling eyed
Share: AUD/USD holds lower grounds at weekly bottom after posting the biggest daily loss in a week. Risk appetite weakens after chatters that US Treasury requested agencies to delay payment while policymakers appear less optimistic of late. Fed … [Continue reading]