Share: USD/JPY witnessed an intraday turnaround from a fresh weekly high touched earlier this Wednesday. Credit Suisse crisis triggers a massive sell-off in equities and boosts demand for the safe-haven JPY. A blowout intraday USD rally lends some … [Continue reading]
GBP/USD Forecast: Pound Sterling defines trading range before next breakout
Share: GBP/USD has extended its sideways grind below 1.2200 on Wednesday. UK Chancellor Hunt will unveil budget in Parliament around 1230 GMT. The near-term technical outlook suggests that bullish bias stays intact. Following the three-day rally, … [Continue reading]
AUD/USD Price Analysis: Challenges 0.6700 as risk-on mood solidifies
Share: AUD/USD is facing barricades near 0.6700 as USD Index has attempted a recovery. Sheer volatility is expected from the USD Index as investors are awaiting the US Retail Sales and PPI data. The Australian Dollar is likely to dance to the tunes … [Continue reading]
Gold Price Forecast: XAU/USD eases amid firmer yields, United States, China statistics eyed
Share: Gold price remains depressed after snapping three-day uptrend the previous day. Recovery in United States yields, US Dollar weighs on XAU/USD price. Mixed signals from US Consumer Price Index failed to entertain Gold traders. US Retail … [Continue reading]
AUD/USD bulls run into offers near 0.6700 with mixed Fed bets
Share: AUD/USD bulls come up to meet resistance near 0.6700. Fed and RBA bets are driving AUD back and forth amid uncertainty. AUD/USD is a touch higher by some 0.2% on Tuesday after rising from a low of 0.6631 and reaching a high … [Continue reading]
USD/MXN stumbles as sentiment improves despite higher US bond yields
Share: USD/MXN reverses its course and aims toward $18.50 on a risk-on mood. Inflation in the United States was aligned with forecasts, though it remains high. USD/MXN Price Analysis: Break beneath the 50-day EMA will pave the way to 18.0000. The … [Continue reading]
USD/CAD tackles to hold above 1.3740 ahead of Tuesday’s US inflation data
Share: USD/CAD opens the day at 1.3724 and trades at 1.3738, up by 0.10%. The intraday price movements are relatively narrow at 1.3751-1.3706. Market sentiment remains cautious due to the SVG collapse. Investors await fresh impetus from the US CPI … [Continue reading]
EUR/USD Analysis: Hovers below 50-day SMA/38.2% Fibo. confluence ahead of US CPI
Share: EUR/USD comes under some selling pressure on Tuesday amid a modest USD strength. Rebounding US bond yields underpins the USD; less hawkish Fed expectations cap gains. Traders now look to the US CPI for some impetus ahead of the ECB decision … [Continue reading]
EUR/USD Price Analysis: Bulls lead the pair above the 1.0700 mark, amid the US Dollar weakness
Share: The softer US Dollar is boosting the four-day rally, with eyes on the 50-DMA. Receding aggressive Fed tightening bets keep EUR/USD elevated. US CPI to provide the next directional bias for EUR/USD. EUR/USD price took a sharp … [Continue reading]
Forex Today: Dollar extends slide as markets reconsider Fed’s next move
Share: Here is what you need to know on Tuesday, March 14: The collapse of Silicon Valley Bank (SVB) and Signature Bank hit markets unexpectedly, creating a confidence crisis that continues to spread. The Federal Reserve announced it will make … [Continue reading]