Share: AUD/USD Current Price: 0.6534 Markets remain quiet ahead of US CPI data. The US Dollar posts mixed results, keeping AUD/USD around 0.6550. Risks remain tilted to the downside for the pair, with no clear signs ahead of the Asian session. The … [Continue reading]
United States EIA Crude Oil Stocks Change above expectations (0.567M) in August 4: Actual (5.851M)
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/MXN: Next objectives could be at 17.80 and April low of 18.00 – SocGen
Share: Economists at Société Générale analyze USD/MXN technical outlook. Receding downward momentum USD/MXN deepened its downtrend towards potential support zone of 16.60/16.40 representing intermittent projections and a multiyear trend line. An … [Continue reading]
NZD/USD Price Analysis: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation Expectations
Share: NZD/USD recovers from the lower level in two months but lack follow-through. RBNZ Inflation Expectations for Q3 improves to 2.83% QoQ versus 2.79% prior. Impending bull cross on MACD, gradually improving RSI favor corrective bounce but … [Continue reading]
EUR/GBP retakes 0.8600, struggles to capitalize on its recovery from over one-week low
Share: EUR/GBP rebounds from over a one-week low touched during the Asian session on Wednesday. The worsening UK economic outlook undermines the GBP and prompts intraday short-covering. Expectations that the ECB will end its rate-hiking cycle soon … [Continue reading]
United States API Weekly Crude Oil Stock: 4.06M (August 4) vs -15.4M
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]
Silver Price Analysis: XAG/USD approaches oversold conditions amid USD strength
Share: XAG/USD lost more than 4% this week and fell to monthly lows near $22.65. The USD benefited due to a sour market mood. Markets try to decipher the next Fed movements while speakers deliver mixed signals. On Tuesday, the XAG/USD continued … [Continue reading]
Cardano whales anticipate ADA price rally, scoop up highest token volume since September 2022
Share: Cardano whales and sharks that hold between 100,000 and 10 million ADA tokens are accumulating the altcoin. Whale accumulation has hit the highest level since September 2022. Cardano’s on-chain transaction volume is in a … [Continue reading]
EUR/GBP consolidates in a narrow range around 0.8620, investors await UK GDP
Share: EUR/GBP oscillates around the 0.8604–24 region in a narrow trading band. The German Harmonized Index of Consumer Prices (HICP) came in at 6.5%, as expected. The Bank of England (BoE) policymaker said interest rates were … [Continue reading]
GBP/USD Price Analysis: Cable justifies downbeat UK retail spending to reverse from 50-SMA to 1.2750
Share: GBP/USD prints the first daily loss in three, holds lower grounds of late. UK BRC Retail Sales suggest the lowest public spending in 11 months. 50-SMA precedes 1.2825-30 resistance confluence to test Pound Sterling buyers. Upbeat oscillators … [Continue reading]