FX

The pair kicks off the week with a 0.35% slide to 1.0400, halting its brief two-day winning streak. RSI drops to 38 in negative territory, while MACD shows flat red bars, pointing to persistent downside pressure. The 20-day SMA continues to cap any attempted rebounds, keeping the pair under bearish control. EUR/USD opened the new

USD/CHF trades in positive territory near 0.8935 in Monday’s early European session.  The hawkish Fed rate cut underpins the US Dollar.  The rising geopolitical risks could boost the safe-haven flows, capping the downside for the CHF.  The USD/CHF pair gains traction to around 0.8935, snapping the two-day losing streak during the early European session on

Aussie edges up 0.33%, consolidating around 0.6200. Markets digest US PCE data for policy cues. Fed is seen holding rates steady in early 2025. The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal Consumption Expenditures (PCE) inflation data. With the Federal Reserve (Fed) expected to keep interest rates steady at

DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit

USD/JPY retreats below 157.00 at the end of the week. Traders dumped the USD after soft PCE data. The Fed’s hawkish outlook might limit the pair’s downside. The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data. Softer inflation metrics, coupled

S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes. Also the macro reasons given for the slide presented earlier yesterday, offered my view on which price action scenario

EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory and reflecting hesitant recovery attempts. MACD histogram prints flat red bars, indicating persistent bearish pressure albeit with signs of stabilization. After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a

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EUR/USD rises by 0.45% on Thursday to 1.0400, recovering slightly from a sharp drop. RSI stands at 35, in negative territory but rising sharply, suggesting an attempt to regain momentum. MACD histogram shows rising red bars, indicating persistent bearish pressure, albeit with signs of easing. After a steep decline of more than 1% in the

The Australian Dollar recovers daily losses after the release of Consumer Inflation Expectations on Thursday. Australia’s Consumer Inflation Expectations increased to 4.2% in December from the previous 3.8% rise. The US Dollar Index (DXY) marked 108.28, the highest level not seen since November 2022, on Thursday. The Australian Dollar (AUD) pares daily losses following the

Gold falls 0.33%  as markets anticipate Fed rate cut. Markets have nearly fully priced in a 25-basis-point rate cut; focus shifts to the Fed’s dot plot for 2025 rate path insights. Investors remain attentive to US data, including GDP data and core PCE. Gold price extended its downtrend for the second consecutive day as traders

GBP/JPY turns lower for the second straight day, though it lacks follow-through selling. Reduced bets for aggressive BoE rate cuts in 2025 underpin the GBP and lend support. Expectations that the BoJ will keep rates steady keep the JPY bulls on the defensive. The technical setup supports prospects for the emergence of dip-buying at lower

EUR/USD edges slightly lower on Tuesday, hovering around 1.0505 and failing to gain traction. RSI declines mildly to 43, remaining in negative territory and signaling limited buying interest. The EUR/USD pair continues to tread water on Tuesday, inching down to 1.0505 and showing no clear directional bias. Despite recent attempts to stabilize above the 1.0500

GBP/USD may gain ground due to the potential for an upward momentum shift. The pair tests the upper boundary of the descending channel aligned with the nine-day EMA at 1.2691 level. The initial support appears at its four-week low of 1.2487. GBP/USD remains flat following gains in the previous session, trading around 1.2680 during the

EUR/USD sees a slight uptick on Monday, hovering near 1.0500. RSI rises modestly to 43 but remains in negative territory, signaling a fragile recovery. MACD histogram shows rising green bars, yet the pair lacks the momentum to break above the 20-day SMA. The EUR/USD pair managed another mild recovery on Monday, drifting slightly above the

The Japanese Yen drifts lower against its American counterpart for the sixth straight day.  Expectations that the BoJ will keep rates steady this week continue to weigh on the JPY. Elevated US bond yields contribute to driving flows away from the lower-yielding JPY. The Japanese Yen (JPY) continues losing ground against its American counterpart on

Gold price stages a modest recovery from a one-week low touched earlier this Monday. Geopolitical tensions, softer US bond yields and USD benefit the safe-haven XAU/USD. Bets for a less dovish Fed warrant caution for bull ahead of the FOMC meeting this week. Gold price (XAU/USD) ticks higher following an Asian session downtick to the

USD/CAD maintains its position below the multi-year high of 1.4245 marked on Friday. CME FedWatch tool suggests full pricing in a quarter basis point cut by the Fed on Wednesday. The Canadian Dollar faced challenges as the BoC eased its monetary policy aggressively. USD/CAD inches lower after marking a multi-year high of 1.4245 on Friday, trading