NZD/USD Stabilizes Near One-Month High, Below Mid-0.5700s, Following Weaker Chinese Data
The NZD/USD pair is consolidating its recent strong gains near a one-month peak, touched on Friday, as it oscillates within…
Tag: Technical Analysis
XAG/USD Surges to Record High Above $57.50, But Overbought RSI Could Limit Silver’s Advance
Silver prices (XAG/USD) climbed to a fresh record high near $57.60 during Monday’s Asian trading hours. This surge followed reports…
Central Bank Policy (or Monetary Policy)Currency MarketsEconomic OutlookForex Analysis (Primary)Market Commentary
AUD Fails to Hold Gains Amidst RBA’s Prudent Posture
The Australian Dollar (AUD) is surrendering its daily gains against the US Dollar (USD) this Friday, even as the USD…
EUR/JPY: Bullish Bias Confirmed Above 181.00
The EUR/JPY cross is trading in negative territory around 181.05 during Friday’s early European session. The Japanese Yen is seeing…
Economic Calendar (or Economic Data)Eurozone Economy (or German Economy)Forex Analysis (Primary)Market News
German Retail Sales Release: Impact on EUR/USD
Germany’s Federal Statistics Office (Destatis) is set to release its Retail Sales report on Friday at 07:00 GMT. Both monthly…
EUR/USD Remains Near Recent Highs as US Durable Goods and Jobless Claims Data Await Release
The EUR/USD pair is holding onto its gains on Wednesday, trading around 1.1575, though it remains capped below the 1.1600…
Gold Price Forecast: XAU/USD Maintains Position Above $4,150, Targeting $4,210
Gold (XAU/USD) continued to trade strongly on Wednesday, with its price consolidating above the $4,150 resistance level. The upward momentum…
GBP/USD Declines Towards 1.3100 Amidst Resurgent US Dollar Strength and UK Fiscal Ambiguity
The GBP/USD pair is starting the new week on a softer note, failing to build on its gains from the…
AUD Stable Amidst US Dollar’s Decline Driven by Increased Fed Rate Cut Expectations”
The Australian Dollar (AUD) is maintaining its ground against the US Dollar (USD) on Monday, as markets anticipate crucial inflation…
Japanese Yen Weakens Amid Fiscal Worries and BoJ Rate Hike Uncertainty
The Japanese Yen (JPY) is experiencing renewed selling pressure this week, erasing some of its recent gains. This weakness stems…