Share: XAU/USD Current price: $1,835.33 Geopolitical tensions and price pressures continue to undermine the market mood. FOMC Meeting Minutes unlikely to shock investors as Fed path is clear. XAU/USD maintains a neutral-to-bearish stance as … [Continue reading]
EUR/USD: Break below 1.0615 to set up a test of January 6 low near 1.0485 – BBH
Share: EUR/USD is still trading south of 1.07. A break under last week’s low of 1.0615 could open up further losses to the 1.0485 mark, economists at BBH report. Germany reported a mixed February IFO business climate survey “The Euro is trading … [Continue reading]
EUR/USD: The downside risk is likely to dominate – Commerzbank
Share: The January inflation data for the Eurozone could provide a mild tailwind for the Euro. Nevertheless, the lower end is likely to remain the weaker one for now, economists at Commerzbank report. Storm clouds are gathering for the manufacturing … [Continue reading]
EUR/USD Price Analysis: Extends recovery above 1.0660 as investors’ risk-taking capacity improves
Share: EUR/USD has rebounded above 1.0660 as the risk appetite of the market participants has improved. The formation of the Symmetrical Triangle below the 61.8% Fibo retracement is indicating a volatility contraction. ECB Lagarde has confirmed the … [Continue reading]
EUR/USD Price Analysis: Retreats from 1.0650 amid dismal market mood
Share: EUR/USD is continuously facing selling pressure from 61.8% Fibo retracement around 1.0700. The 89-period (High-Low) SMA band is barricading the Euro consistently. A slippage by the RSI (14) into the bearish range of 20.00-40.00 will trigger … [Continue reading]
United States 2-Year Note Auction: 4.673% vs 4.139%
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]
EUR/USD Price Analysis: Extra consolidation appears in store near term
Share: EUR/USD adds to Monday’s pullback, always below 1.0700. Further weakness could retest the monthly low near 1.0610. EUR/USD keeps the side-lined theme well in place in the lower end of the range in the sub-1.0700 region so far on Tuesday. If … [Continue reading]
AUD/USD remains heavily offered below 0.6900 mark amid stronger USD, risk-off mood
Share: AUD/USD meets with a fresh supply on Tuesday and reverses a major part of the overnight gains. Hawkish Fed expectations, recession fears boost the USD and weigh on the risk-sensitive Aussie. Hawkish-sounding RBA minutes fail to impress … [Continue reading]
USD/CAD bulls eye 1.3490 hurdle on softer Oil price, sour sentiment, Canada inflation, US PMI eyed
Share: USD/CAD picks up bids to reverse the week-start losses but previous support line challenges the bulls. Geopolitical fears, return of full markets weigh on sentiment and underpin US Dollar rebound. Oil price bears the burden of firmer USD and … [Continue reading]
USD/JPY Price Analysis: W-formation’s support structure eyed near 132.80
Share: USD/JPY bears are lurking in territories above a critical structure in the 133.70s. The W-formation could hamstring further bullish advances. USD/JPY has been in the hands of the bulls which leaves a bias to the downside for a move into … [Continue reading]