FX

Share: Euro maintains the flattish performance just above the 1.0900 yardstick. Stocks markets in Europe on their way to close another session in the red. Powell said that further tightening is needed to bring inflation down. The risk-off sentiment continues to weigh on the risk complex. The greenback clings to daily gains when tracked by

Share: EUR/USD takes offers to reverse late Tuesday’s corrective bounce amid four-day downtrend. Bullish chart formation, hawkish ECB clues challenge Euro sellers ahead of Fed Chair Powell’s bi-annual Testimony. Clear break of 1.0935-40 could convince EUR/USD bulls to return to the table. EUR/USD stays on the bear’s radar for the fourth consecutive day as it

Share: Natural Gas price corrects from its daily highs after the release of upbeat macroeconomic housing data from the US, which supports the US Dollar and weighs on XNG/USD.  Natural Gas pares earlier gains reached after Norwegian data showed lower-than-expected production in May, sparking supply fears. Despite bullish fundamentals, the longer-term technical trend remains bearish as long as prices

Share: The Reserve Bank of Australia (RBA) published the Minutes of its June monetary policy meeting, citing that “board considered rate rise of 25bp or holding steady and reconsidering at later meeting.” Additional takeaways Arguments were “finely balanced” but board decided case for immediate hike was stronger. Hike would provide greater confidence inflation would return

Share: AUD/USD has shown a downside move to near 0.6840 amid a quiet market mood due to an extended weekend in the US. The appeal for the Australian Dollar has been trimmed ahead of RBA policy minutes and PBoC policy. AUD/USD is climbing higher in a Rising Channel pattern formed in which each pullback is considered

Share: AUD/USD takes offers to refresh intraday low near 0.6850 during the mid-Asian session on Monday, reversing the early rebound by extending the previous day’s pullback from the highest levels in four months. In doing so, the Aussie pair takes clues from the downbeat options market bias and the latest China news. That said, the

Share: NZD/USD traded neutral at the 0.6230 area on Friday but set a 1.70% weekly gain. Hawkish Fed speakers and upbeat UoM data gave the USD momentum. Rising US bond yields limited the Greenback’s traction. The NZD/USD traded stable at the 0.6210 – 0.6245 range at the end of the week, holding to a 170

Share: USD/JPY surges to a YTD high of 141.91, though failure to surpass 142.00 could trigger a sell-off. The rising wedge pattern sparks uncertainty as USD/JPY nears key resistance. Japanese FX intervention may influence future USD/JPY direction. USD/JPY soared more than 1% on Friday due to safe-haven flows and a jump in US Treasury bond

Share: The USD/CAD dipped to a multi-month low of 1.3188, last seen in September 2022. Rising Oil prices and risk appetite give traction to CAD. Hawkish Fed speakers limit the pair’s upside potential. On Friday, the USD/CAD continued its downward momentum dropping to a low of 1.3188 and its set to confirm a 150 pips weekly

Share: EUR/USD rally curtailed following the ECB rate hike and hawkish remarks from central bankers. US Consumer Sentiment improves, supporting a stronger USD; Eurozone inflation slows as expected. Hawkish stances by both ECB and Fed officials hint at potential further tightening. Upcoming key events include the German May PPI, the EU’s General Council meeting, and

Share: EUR/USD advances to new highs around 1.0970 on Friday. The continuation of the upside retargets the 1.1000 hurdle. EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970. Further gains remain well on the table for the time being. Against that,

Share: Natural Gas consolidates the biggest daily jump in a month by retreating from three-week high. RSI conditions favor pullback moves from 3.5-month-old resistance line. April’s top restricts immediate downside, 50-EMA appears the key support. Natural Gas Price (XNG/USD) prints the first daily loss in five as it eases from the highest levels in three

Share: Initial Jobless claims totaled 262,000 in the week ending June 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week’s 261,000 (revised to 262,000) and came in above market expectations of 249,000. It matches the highest reading since October 2021.  “The 4-week moving

Share: Gold Price clings to mild gains while snapping three-day downtrend. Federal Reserve’s hawkish halt defends XAU/USD bulls despite upbeat FOMC announcements. China data-dump, United States Retail Sales eyed for clear directions of the Gold Price. XAU/USD bears keep poking 100-DMA as bulls struggle to keep the reins. Gold Price (XAU/USD) stays defensive around $1,945

Share: Pound Sterling has shown a vertical upside post a comparative analysis of the UK’s economic prospects from other nations. More interest rate hikes by the BoE seem possible as UK’s inflationary pressures are extremely stubborn. UK’s labor wages showed more persistence as firms are offering higher payouts to offset labor supply shortage. The Pound Sterling (GBP) has

Share: EUR/USD prods two-day winning streak by reversing from the highest levels since late May. Mostly downbeat German, EU data fails to lure bears as US inflation challenges Fed’s rate hike. Hopes of witnessing hawkish guidance from US central bank highlights economic forecasts, dot-plot and Powell’s speech. Eurozone Industrial Production, US PPI may entertain Euro

Share: EUR/USD adds to Monday’s gains and surpasses 1.0800. Further upside could dispute the 55-day SMA near 1.0880. EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday. A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904

Share: US Dollar Index struggles to extend the previous day’s corrective bounce off three-week low, snaps two-day winning streak. Markets remain nearly sure of witnessing no rate hike from Fed in June but concerns about July stay dicey. Bond market moves, challenges to sentiment prod DXY bears ahead of the key US CPI. Core CPI