FX

Silver witnessed a modest intraday pullback from the $22.80 confluence hurdle.Neutral technical indicators warrant caution before placing fresh directional bets. Silver struggled to capitalize on its modest intraday uptick to one-and-half-week tops and once again started retreating from the $22.80 resistance zone. The commodity refreshed daily lows during the early North American session and was

EUR/GBP maintain the selling bias on Thursday in the Asian session. Multiple support formations near 0.8500 make a critical level to trade. Momentum oscillators receding momentum hint at more downside in the pair. EUR/GBP edges lower on Thursday in the Asian trading hours. The pair hovers in a very narrow trade band with no meaningful

Gold managed to attract some dip-buying on Wednesday amid the risk-off impulse. A stronger USD capped any meaningful upside for the dollar-denominated commodity. Investors also seemed reluctant to place aggressive bets ahead of Friday’s NFP report. Gold Price Forecast: Why XAU/USD looks vulnerable below $1750? Gold reversed an intraday dip to multi-day lows and moved

USD/INR consolidates before the next push higher towards 75.00. The spot wavers inside a rising channel, awaiting a fresh impetus. Bullish RSI, crossover point to a test of the channel hurdle at 74.75. USD/INR is clinging onto the recent trading range around the midpoint of 74.00, having finished Tuesday almost unchanged despite a renewed upside

AUD/USD staged a rebound after declining to 0.7250. US Dollar Index stays calm below 94.00 ahead of PMI data. RBA left its policy settings unchanged as expected in October. The AUD/USD pair turned south during the Asian trading hours on Tuesday and fell to a daily low of 0.7250 before regaining its traction. As of

Update: Gold (XAU/USD) snaps three-day uptrend while easing to $1,766, down 0.16% intraday, during early Monday. The US Dollar Index (DXY) rebound, amid choppy Treasury yields and mildly offered stock futures, could be held responsible for the latest consolidation in gold prices. Although US President Joe Biden’s readiness to trim the demand over infrastructure spending

Here is what you need to know on Monday, October 4: No Time to Die is kicking up a storm in the UK and is due to do the same for the US when it is out on Thursday so AMC apes get ready for some strong audience numbers if the UK experience is anything

WTI refreshes intraday low as bulls take a breather around multi-month high. Market sentiment stays firmer but hopes of supply increase from OPEC weigh on energy prices. China off, Evergrande fears and tapering tantrums also challenge the oil bulls. US Factory Orders, OPEC meeting eyed for fresh impulse. WTI remains pressured around the intraday low

AUD/USD recovery from 0.7170 loses steam at 0.7270 area. The US dollar extends its pullback despite bright US data. The aussie remains offered while below 0.7390 – Commerzbank. The Australian dollar has appreciated against the USD for the second day in a row on Friday, to consolidate at 0.7270 after bouncing up from 0.7170 lows earlier

The risk-on market sentiment struck government bond yields and the US dollar. UK’s IHS Markit Manufacturing PMI came at 57.1, better than expected. US ISM Manufacturing PMI shows expansion in the overall economy, according to the ISM. The GBP/USD is staging a recovery, trading at 1.3547, up more than a half percent during the day

The market sentiment is upbeat weighs on US T-bond yields and the greenback. Eurozone inflation rose by 3.4%, above the ECB’s target,  US ISM Manufacturing PMI shows expansion in the overall economy, according to the ISM. The EUR/USD is trimming losses, trading at 1.1596, barely up 0.13% during the day at the time of writing.

Here is what you need to know on Friday, October 1: Equity markets remain cautious despite another slew of losses for the main indices on Thursday to close out September and the quarter. Normally a dead cat bounce would be in evidence at this stage, but even that seems a tough act now as European

WTI is heading towards the weekly gains with monthly 9% gains in September. Bulls face resistance near the daily swing area $76.50 and $76.80. Momentum oscillator holds onto overbought zone  with underlying bullish sentiment. WTI prices are in no mood to slow down its previous momentum on the last trading day of the week in the

DXY clinched new 2021 highs around 94.50 on Thursday. Further north comes the 94.74 level (September 2020 high). The rally in DXY stays everything but abated and now extends gains to 94.50, the highest level since September 2020. If the buying impulse maintains the pace, then the next target of note is seen emerging at

AUD/USD bears are waiting in the flanks to pounce on poor Chinese data.  AUD/USD needs a lifeline, bulls look to 38.2% Fibo.  AUD/USD has been strongly offered overnight on a number of bearish fundamentals playing out and today sees key Chinese data in the next hour. The following illustrates the potential outcomes in price action

Silver witnessed fresh selling on Wednesday and drifted back closer to YTD lows. The set-up favours bearish traders and supports prospects for additional losses. Bears might wait for a break below the $22.00 mark before placing fresh bets. Silver struggled to capitalize on the overnight bounce from the vicinity of YTD lows, instead met with

US 10-year Treasury yields print five-day uptrend, sidelined of late. Fed’s Bulls reiterate support for tapering, Fed Chair Powell backed the move yesterday. US policymakers jostle to avoid debt ceiling expiry, President Biden cancels Chicago visit. US diplomatically reaches China to cut imports from Iran, Evergrande approaches coupon payment date. US 10-year Treasury yields remain

GBP/USD came under intense selling pressure on Tuesday amid a broad-based USD strength. Surging US bond yields, the risk-off impulse in the markets lifted the safe-haven greenback. Oversold RSI on the 1-hour chart warrants some caution for bearish traders ahead of Powell. The GBP/USD pair added to its heavy intraday losses and dived to sub-1.3600s,