FX

EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st. With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative. The EUR/CAD declined by 0.19% to 1.4700 in Thursday’s session, reaching its lowest level since July 1st. The currency pair has been falling steadily

Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD. Elevated US bond yields underpin the US Dollar and might cap the non-yielding yellow metal. Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and

GBP/NZD channels down during November and reaches support at the 50-day SMA.  This could be a turning point for the pair and lead to a breakout and continuation of the trend higher.  GBP/NZD has been correcting back in a mini channel during November after peaking at the October 30 high. It has now reached support

United Kingdom’s Office for National Statistics is set to publish the CPI report on Wednesday. The annual UK headline CPI inflation is expected to rise in October, with the core figure easing slightly. The UK CPI data could signal a BoE December interest-rate cut pause, fuelling a Pound Sterling sell-off. The United Kingdom’s (UK) Consumer

EUR/GBP rises past the 50-day SMA of 0.8359, setting sights on the 0.8400 resistance. If breached, next key levels include the 100-day SMA at 0.8413, October 31 high of 0.8448. Downside risks remain; a dip below 0.8359 could see consolidation or a retest of the 0.8260 level. The EUR/GBP extended its gains for the fourth

The Australian Dollar holds its position as the RBA Minutes highlight the need for restrictive monetary policy. RBA Board members also emphasized that “nothing can be ruled in or out” regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and impose higher tariffs. The

The Greenback goes nowhere after a rather soft start in Asia on Monday.  All eyes are on geopolitics after the Biden Administration delivered the green light for Ukraine to use long-range US missiles for targets in Russia.  The US Dollar index holds ground above 106.50 for now while the economic calendar is rather flat for this Monday.

The Australian Dollar recovers its recent losses due to the hawkish RBA. Australia’s 10-year government bond yield eased to near 4.66%, pulling back from a one-year high. The US Dollar may appreciate following hawkish comments from Fed officials. The Australian Dollar (AUD) extends its gains for a second consecutive session on Monday, supported by hawkish

Silver struggles to maintain momentum, hovering near the 100-day SMA at $30.34 with a downward bias. Potential further decline could see silver test key supports at $30.00 and the 200-day SMA at $28.63. A rebound above $31.00 could challenge higher resistances, targeting the 50-day SMA at $31.51 and beyond. Silver’s price fell over 0.70% beneath

NZD/USD pair traded volatile during Friday’s session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as it neared the oversold area with a rise in slope. The NZD/USD saw a volatile

GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600 The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback. Soft UK GDP coupled with robust US Retail Sales figures boosted the US Dollar and weighed on GBP/USD, which trades at 1.2636, down 0.22%. Read More… GBP/USD resumes downside bias after release

The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell’s comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations. The US Dollar Index (DXY), which measures the value of the USD against

The Greenback overturns intraday losses and is set to flip in the green.  Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut.  The US Dollar index surges back to the fresh one-year high from Thursday.  The US Dollar (USD) sees earlier declines soften a bit on Friday with US Retail Sales

The gold price trades with a negative bias in Friday’s Asian session.  The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price.  The US Retail Sales report for October will take center stage later on Friday.  The Gold price (XAU/USD) struggles to gain ground around $2,570

The Trump trades in the green, trying to secure a fifth day of gains.  Traders are on edge over Fed Chairman Powell and his view on the interest rate cut in December. The US Dollar index jumped to a fresh year-to-date high  around 107.00 and fades before hitting a fresh yearly high. The US Dollar

Silver remains under some selling pressure on Thursday and retests October’s swing low.  The technical setup favors bearish traders and supports prospects for additional losses. Any attempted recovery could still be seen as a selling opportunity and remain capped. Silver (XAG/USD) attracts some follow-through selling during the Asian session on Thursday and drops to its

The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance.

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