FX

Share: US Dollar heads for important weekly gains across the board. Higher US yields and weaker sentiment weigh on EUR/USD. The pair is having its worst week since September 2022. The EUR/USD is falling on Friday, the fourth time in the last five days, extending its weekly losses. The pair is hovering near 1.0850, at

Share: GBP/USD Price Analysis: Cable bears need validation from 1.2500 and UK GDP to keep the reins GBP/USD seesaws around 1.2515 during early Friday morning in Asia, after posting the biggest daily fall since March 07. In doing so, the Cable pair justifies the downside break of a two-month-old ascending trend line, as well as

Share: Pound Sterling vs US Dollar weakens after the BoE meeting, after Andrew Bailey’s comments on easing inflationary pressures.   Nevertheless, BoE Chairman adds that inflationary risks are still skewed to the upside and secondary effects are persistent.  Another shooting star candlestick reversal pattern forms at the GBP/USD May highs but requires confirmation from a

Share: Gold price struggles to defend weekly gains as $2,050 hurdle keeps pushing back XAU/USD buyers. Mixed details of US inflation, cautious optimism and softer China data prod Gold price upside. US PPI, consumer inflation expectations eyed for clear directions. Gold price (XAU/USD) stays on the way to posting a three-week uptrend despite the previous

Share: Silver price slides from a daily high of nearly $26.00, down nearly 1%. Disinflationary trends in the US economy persist, but core readings hold at 5.5% YoY. XAG/USD technical outlook suggests the potential for further decline, testing key support levels. Silver price slides after hitting a daily high of $25.91, following the release of

Share: AUD/USD pair has resumed its upside journey amid a correction in the US Dollar Index. The USD Index has refreshed its day’s low at 101.54 as a delay in US debt ceiling issues is impacting US long-term outlook. AUD/USD is oscillating in an accumulation phase in which inventory is shifted from retail participants to

Share: Pound Sterling vs US Dollar drops to around the 1.26 handle ahead of key macroeconomic events for the week.  The Pound Sterling is likely to be impacted by the Bank of England meeting on “Super Thursday”. The US Dollar will look for impetus from the US Consumer Price Index data for April on Wednesday. 

Share: AUD/USD remains pressured around intraday low during the first loss-making day in seven. China Trade Balance improves in USD terms, eases per CNY rates while Exports, Imports both drop in April. Sour sentiment, firmer yields underpin US Dollar’s corrective bounce ahead of the key debt ceiling talks. Australia’s annual budget, up for publishing around

Share: USD/CHF pair begins the week with minimal losses as risk aversion continues in the driver’s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline. Traders are eying the Fed’s Senior Loan Officer Survey alongside US inflation data. The USD/CHF pair commenced the week with minimal losses of 0.15%,

Share: USD/JPY holds lower ground near intraday low after reversing from 50-SMA. 61.8% Fibonacci retracement level restricts immediate downside ahead of six-week-old support line, 200-SMA. Multiple hurdles toward the north stand tall to challenge Yen pair buyers past 50-SMA, oscillators favor further upside. USD/JPY bulls struggle to keep the reins after snapping three-day downtrend the

Share: USD/CAD bears stay strong and the bulls are pressured to below a key structure.  A move to 1.3320 is eyed for the sessions ahead.  USD/CAD is heading lower on the day and is down some 1.17% as we head towards the forex close in New York. The pair has been pressured below 1.3500 to

Share: The strong downtrend in USD/MXN continues as emerging market currencies advance against the US Dollar. USD/MXN eyes 17.5000 support; bullish potential remains limited, with key resistance at 17.9492 and 18.2263. The USD/MXN fell to fresh six-year lows of 17.7462, hit in the middle of the New York session even though the US economy revealed

Share: USD/JPY tests 50-day EMA at 133.85; bullish-engulfing pattern hints at a potential uptrend. Downside risks loom, with the 100-day EMA at 132.83 in sight if 134.00 support breaks. The USD/JPY rises after dropping to a weekly low of 133.50, advances 0.42%, spurred by buyers stepping in at around solid technical support level. An upbeat

Share: GBP/USD is sliding and forming a peak formation.  Bears are seeking a move down to test the 1.2620s. GBP/USD is being pressured to the downside in lunchtime NY trade and is taking on a support structure that could lead the way to a move into test the 1.2020s and lower for the remainder of the

Share: The Brazilian Real and the Mexican Peso benefited from the signal of a pause in US interest rates. Economists at Commerzbank expect both currencies to remain strong against the US Dollar. BRL and MXN remain attractive “Both central banks have been so hawkish of late that I think the Fed’s rate pause was a

Share: USD/CNH has witnessed a recovery move to near 6.9200 after Caixin Services PMI failed to match estimates. Caixin Services PMI has landed at 56.4, marginally lower than the estimates of 56.5 and the former release of 57.8. Broadly, the USD Index is showing signs of volatility contraction ahead of the release of the US

Share: Brent Crude Oil is under heavy pressure after recently rejecting key resistance levels, suggesting a resumption of the downtrend is likely, with next supports at $65.72 and $63.02, analysts at Credit Suisse report. Key resistance at $86.41/89.37 still expected to cap “With medium-term momentum still negative and short-term momentum crossing back into outright bearish

Share: GBP/USD is marching towards 1.2600 as a Fed rate-cycle pause would trim Fed-BoE policy divergence. US labor market conditions carry the potential of making inflation persistent. S&P500 futures are showing further losses in early Asia, indicating a risk-off mood. The GBP/USD pair is approaching the round-level resistance of 1.2600 in the early Tokyo session.