AUD/USD holds lower ground near intraday bottom, keeps latest pullback from three-week high. Bearish MACD signals, clear U-turn from the key resistance lines keep sellers hopeful. 100-SMA could probe bears on the way to yearly low. AUD/USD sellers … [Continue reading]
USD/CNH slides below 7.2300 even as IMF cuts China’s growth forecasts, US Core PCE Inflation eyed
USD/CNH consolidates weekly gains while fading the bounce off a fortnight low. IMF cuts Asian region economic estimations and holds China responsible. Easing hawkish Fed bets exert downside pressure on the DXY. Fed’s preferred inflation gauge will be … [Continue reading]
Shiba Inu Price Prediction: SHIB could rally another 20% based on these factors
Shiba Inu price took the market by surprise as a 20% rally unfolded early in the week. Key levels have been identified to gauge a potential entry before the uptrend continues. Shiba Inu price could rally higher Shiba Inu price rallied in … [Continue reading]
Silver Price Analysis: XAG/USD, capped below a key resistance area at $19.60/70
Silver prices tick down after failing to breach the $19.60/70 resistance area. The 100-day SMA and 50% Fibonacci retracement are putting a lid on XAG/USD's recovery. The near-term bias remains positive, with downside attempts limited at … [Continue reading]
EUR/USD accelerate losses and breaches parity post-ECB decision
EUR/USD gathers extra downside traction below parity. ECB raised rates by 75 bps, as widely anticipated. Market participants now look to Lagarde’s press conference. The selling bias in the single currency grabbed extra impulse and forced EUR/USD to … [Continue reading]
Forex Today: ECB rate announcement, US Q3 GDP to drive market action
Here is what you need to know on Thursday, October 27: After having declined 1% for the second straight day on Wednesday, the US Dollar Index stays relatively quiet below 110.00 early Thursday as investors await the US Bureau of Economic Analysis' … [Continue reading]
RBA: Need to keep adjusting policy rate until confident inflation is under control
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: Eyes two-month high at 1.0200 amid hawkish ECB bets
The shared currency bulls have shifted into a positive trajectory after climbing above parity. Investors are underpinning the euro bulls as hawkish ECB bets soar. Advancing 20-EMA adds to the upside filters. The EUR/USD pair is displaying … [Continue reading]
Gold Price Forecast: XAU/USD bulls on the verge of a significant breakout
Gold is on the verge of a significant bullish turnaround, but it all depends on the Fed. Technically, the bulls need to hang on above hourly support and break a daily H&S neckline. The gold price is higher by some 0.70% on the day as the … [Continue reading]
Breaking: Bank of Canada hikes policy rate by 50 bps vs 75 bps expected
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]