FX

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

EUR/USD bears stay in control below key resistance despite bullish attempts. Bears eye a test of the trendline support for days ahead. As per the prior analysis, EUR/USD Price Analysis: Bulls and bears in a tug of war at critical area on H4 and daily charts, where it was illustrated that we saw the bears try to

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 rallied to fresh bull cycle highs in North America but the bears are now moving in. AUD/USD bears seek a 50% mean reversion that meets prior resistance beat 0.6815, a level that guards 0.6800.  AUD/USD is higher by 1.6% and has rallied from a low of 0.6740 to a high of 0.6893 on the

Gold trades flat when compared to Monday’s opening. US inflation data and/or the Fed and ECB could give new impetus to the Gold market next week, economists at Commerzbank report.  Gold will be affected by three major events next week “First, the US inflation data will be published – they could turn out to be more

What you need to take care of on Tuesday, December 6: The American dollar finished Monday with substantial gains after starting the day on the back foot. The Greenback initially fell on the back of news coming from China, as different districts are easing their restrictive COVID-19 measures, while market talks pointed at further loosening

US Dollar remains on the defensive, spurred by the ISM manufacturing PMI dropping to the contractionary territory. Inflation in the United States remained unchanged, while unemployment claims fell. The Australian Dollar got bolstered by a weaker US Dollar as traders eye RBA’s Governor Lowe. AUD/USD Price Analysis: Could test 0.7000 if the AUD/USD clears the

The US Dollar stages a recovery on risk aversion spurred by the China Covid-19 crisis. USD/CAD bounced off weekly lows around 1.3300 and tested the 1.3400 mark. USD/CAD Price Analysis: The head-and-shoulders chart pattern remains intact. The US Dollar (USD) stages a recovery against the Canadian Dollar (CAD) amid a subdued trading session sparked by

What you need to take care of on Thursday, November 24: The Greenback came under selling pressure on Wednesday and finished the day sharply down against all of its major rivals. The American Dollar got hit by poor growth-related data and dovish US FOMC Meeting Minutes. The document showed that most participants agreed that, despite

GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the

What you need to take care of on Wednesday, November 16:  It was another volatile day in the FX sphere, with optimism and fears mixing throughout the day. The American Dollar plummeted to fresh monthly lows against most major rivals ahead of Wall Street’s opening but posted a nice comeback ahead of the close. Modest

The Dollar dives to fresh six-week lows at 1.3255. The CAD extends gains on higher oil prices and risk appetite. US consumer sentiment deteriorated beyond expectations in November. The US Dollar has extended losses against its Canadian counterpart on Friday, reaching a fresh six-week low at 1.3255. The pair remains on the defensive after having depreciated

USDCAD bulls were knocked back as the US Dollar slumps again. All eyes are on US CPI and Fed speakers this week.  USDCAD is trading flat on the day following an initial surge in the early part of the New York session into shorts established at the start of the day in Asia and London.

Silver price trims some of Wednesday’s losses, despite high US Treasury yields. The XAGUSD daily chart depicts the precious metal as neutral-to-downward biased, with key resistance at $20.00. Short term, a break above $20.00 will open the door toward $21.00; otherwise, it would challenge $19.00. Silver price recovered some ground on Thursday, even though the

The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to the upside, facing strong resistance at the 100-DMA. The EURUSD finished Friday’s session almost flat

GBP/USD bulls are trying to take back control. Bulls are building up outside of key trendline resistances.  The bulls have been moving in slowly over the course of the month and reached a milestone in a critical break of a dynamic trendline. GBP/USD is trying to catch a breakout from the trendline resistance as the

USD/JPY bears looking for fuel into critical support structures. 149.00 is beckoning as risks of BoJ forex market operations hangover head.  Attempting to draw technical analysis on a market that is so out of whack with normality is a tall order if not just outright futile, but USD/JPY has rallied to draw droppingly high levels as

WTI crude oil pares the biggest weekly loss since early August, renews intraday high of late. Most OPEC+ members defend output cut decision after the White House criticized the move. DXY pullback adds strength to oil’s recovery amid a sluggish week-start. China trade numbers, updates from CCP can entertain intraday buyers. WTI crude oil picks