Share: GBP/JPY cheers upbeat UK data, chatters about BoJ inaction to snap four-day downtrend. UK Retail Sales improves to -1.0% YoY in June versus -1.5% expected, -2.1% prior. Disappointment from UK GfK sentiment gauge, British by-elections prod … [Continue reading]
EUR/JPY Price Analysis: Advances above the 156.00 area following Japanese CPI
Share: EUR/JPY gains momentum above the 156.00 area following the Japanese CPI data. EUR/JPY holds above the 100- and 200-hour EMAs. The cross will meet the immediate resistance at 156.90; 155.00 is a critical support level. EUR/JPY gains traction … [Continue reading]
AUD/USD Price Analysis: Bears eye a break below key 0.6750
Share: AUD/USD bears are ready to pounce on rallies and eye a break of 0.6750. Bulls need to get above 0.6850 to break the bearish bias. Ahead of next week’s FOMC meeting, US stocks retreated, and this took the Aussie for a ride to the … [Continue reading]
USD/JPY rises back above 140.00 following US data
Share: USD/JPY tallied a fifth consecutive day of gains rising to a high near 140.40. Jobless Claims decelerated in the second week of July and fueled a rise in US yields. Philly’s Fed Survey and Existing Home Sales showed poor results. The USD … [Continue reading]
What can crypto traders expect from Fed’s interest-rate decision?
Share: Bitcoin price has recently lacked direction, leaving traders guessing its next move. With the Federal Reserve’s interest-rate decision scheduled to take place on July 26, volatility could make a comeback. With disinflation on the rise, … [Continue reading]
NZD/USD now faces some consolidation – UOB
Share: NZD/USD is now seen trading within the 0.6210-0.6370 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: Yesterday, we held the view that NZD “could … [Continue reading]
USD/CAD prints four-day losing streak around mid-1.3100s amid sluggish US Dollar, Oil price
Share: USD/CAD remains pressured at weekly low, reversing Friday’s bounce off 10-month low. US Dollar snaps two-day recovery, Oil price remains sluggish as market sentiment dwindles on mixed Fed, China news. Second-tier employment, housing data … [Continue reading]
Gold Price Forecast: XAU/USD flirts with $1,980 resistance amid US Dollar rebound, mixed clues
Share: Gold Price remains dicey at 10-week high on US Dollar recovery, sluggish markets. Mixed clues about inflation, employment jostle with the US Dollar rebound from multi-month low to prod XAU/USD price. United States economics, Federal Reserve … [Continue reading]
Traders ask how high heavens could be for Bitcoin price as SEC sets down eight BTC ETF applications
Share: The SEC has added six institutional names to the Federal Register, including BlackRock, Fidelity, and other spot BTC ETF applicants. The move, signifying an imminent review process, marks the 11th hour before approvals or rejections make … [Continue reading]
USD Index Price Analysis: Upside alleviated above the 55-day SMA
Share: DXY regains the area above the key 100.00 hurdle on Wednesday. Next on the upside comes the resistance band at 102.60/70. DXY adds to Tuesday’s gains and surpasses the crucial 100.00 barrier on Wednesday. A more serious bullish attempt in … [Continue reading]