In the view of analysts at Société Générale, a rally beyond 1.2450 is crucial to affirm uptrend on GBP/USD. Support aligns at 1.1900 “Recent peak at 1.2450 is expected to be an intermittent resistance. Failure to cross above this hurdle can result in a phase of pullback.” “Recent pivot low of 1.1900 is near term
FX
USD/JPY retreats from one-week high to snap three-day uptrend. Downside break of weekly support line adds strength to bearish bias. 100, 200 EMAs add to the upside filters. USD/JPY remains depressed around 132.90 as it prints the first daily loss in four during early Tuesday morning in Europe. In doing so, the Yen pair justifies
After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 3.4 percent and -0.2 percent, respectively, to 3.6 percent and 3.8 percent, respectively,” the release from
EUR/USD bears are eyeing the trendline support for an explosive breakout. The price is being resisted and a break of 1.0575 will likely encourage the bears to target a break of 1.0500. As per the prior analysis, EUR/USD Price Analysis: Bears sink in their teeth to test bulls at a critical support structure, the bears are
Russia announced it might cut oil output early in January. US markets are due to close earlier on Friday amid the Christmas holidays. WTI retreated modestly after reaching a fresh monthly high. Crude oil prices are up on Friday, with the West Texas Intermediate (WTI) barrel nearing $80.00. Oil surges despite the soft tone of
USD/CHF grinds higher after rising the most in a week, lacks upside momentum of late. US Dollar cheers firmer data, hawkish Fed bets and US President Biden’s comments. Headlines surrounding China, Russia flash mixed clues amid sluggish session. US Core PCE Price Index, Durable Goods Orders will be crucial for the bulls to keep reins.
Gold is under pressure as US yields jump after US data. US Q3 GDP was revised from 2.9% to 3.2%. Wall Street extends losses, US Dollar soars. Gold prices dropped sharply from nearly $1,820, reaching levels under $1,800 following the release of US economic reports. Looking for Santa’s rally Economic data released in the US
GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls, but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is expected to confirm a 0.20% QoQ contraction. GBP/USD prints mild gains around 1.2110
USD/JPY plunged by over 4% on Tuesday, the largest drop since October 1998. Economists at MUFG Bank believe that the pair could extend its slide to the high 120’s. JPY is now the top performing G10 currency since 21st October “Governor Kuroda was expressing reservations about the sustainability of the pick-up in inflation, predicting it
Gold price is consolidating Friday’s rebound amid a mixed market sentiment on Monday. Hawkish Fed outlook, China’s covid woes fail to impress US Dollar bulls. US Treasury yields rally, capping the Gold price upside. Will it reclaim $1,800? Gold price is consolidating Tuesday’s massive gains well above $1,810, as bulls take a breather before resuming the
The Bank of Japan announced a surprise change in its yield curve control policy. The immediate impact on the yen has been sizeable, with USD/JPY dropping more than 3%. The pair could slump under the 130 level, economists at ING report. BoJ delivers last shock of the year “The BoJ announced a surprising change in
NZD/USD is taking out a key level and printing fresh lows within a bearish schematic. should the bulls move in now, then there will be prospects of a restest of prior structures near 0.6355 and 0.6375 above. NZD/USD has been chipping away at the downside in Asia, sliding to a fresh session low at the time of
Gold price moved up and down in a wide range throughout last week. XAU/USD could gain traction on a ‘Santa rally’, FXStreet’s Eren Sengezer reports. Risk perception could influence XAU/USD’s action “The Conference Board will release the Consumer Confidence Index data for December on Wednesday. In November, the one-year inflation rate expectation component of the
EUR/USD remains on the front side of the bullish cycle’s trendline. The 4-hour M-formation neckline resistance is key as bulls move in. As per the pre-open analysis, EUR/USD Price Analysis: Bulls under pressure as bears test commitments at 1.0600, there are prospects of an upside correction. Should the bulls commit beyond 1.0650, the 1.07s will be
Risk aversion weighed on high-beta currencies like the Australian Dollar. Global central banks hiking rates and eyeing additional increases sounded recession alarms, dampening investors’ mood. AUD/USD Price Analysis: Downward biased, after tumbling from weekly highs, heading to the 50-day EMA. The Australian Dollar (AUD) slides against the US Dollar (USD) amidst a dampened market sentiment
Silver prices bounce and cling to gains, despite a buoyant US Dollar. Near-term, XAG/USD might consolidate, as mixed signals between the RSI/RoC suggest caution is warranted. Silver is recovering some ground after falling to weekly lows during the New York session of $22.56. However, a late buying impulse keeps XAG/USD trading in the green with
AUD/USD turns lower for the second straight day and is pressured by a combination of factors. The Fed’s hawkish outlook, a pickup in the US bond yields act as a tailwind for the greenback. The risk-off mood further benefits the safe-haven USD and weighs on the risk-sensitive Aussie. The AUD/USD pair meets with a fresh
USD/CHF takes offers to reverse previous day’s bounce off 8.5-month low. Markets stabilize after global central banks portrayed a volatile day, allowing sellers to sneak in. Failure to cross support-turned-resistance directs bears towards three-week-old trend line support. Preliminary PMIs for December, risk catalysts will be important for fresh impulse. USD/CHF stays pressured around the intraday
- « Previous Page
- 1
- …
- 78
- 79
- 80
- 81
- 82
- …
- 144
- Next Page »