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]
Gold surges to $1,913 amid increasing market volatility and risk
Share: The XAU/USD (Gold) commodity starts the week positively, trading at $1,906.70, up by 2.11% on the day. Increased market volatility and rising risk led to a surge in demand for safe-haven assets like Gold. Technical indicators, such as the … [Continue reading]
Polkadot price is up 8%, but will it sustain the bullish momentum?
Share: Polkadot price is up 8% after obtaining bullish momentum at $5.37, but the uptick seems unsustainable. Overhead pressure from the 100-day EMA at $6.09 could dissuade the rally. The bearish contention will be invalidated if the … [Continue reading]
USD/TRY: Relentless Lira depreciation trend in the background to persist – Commerzbank
Share: The Turkish Lira is deceptively stable on a day-by-day basis. But, the slow and steady depreciation trend very much persists in the background, Tatha Ghose, FX Analyst at Commerzbank, reports. Slow, creeping Lira depreciation takes its … [Continue reading]