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USD/CHF Price Analysis: Surges above 0.9000 as bulls eyeing 50-day EMAUSD/CHF climbs above the 0.9000 figure, eyeing a 50-day Exponential Moving Average (EMA) test at 0.9025 after printing a bullish hammer in the daily c
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USD/CAD Price Analysis: Bears are testing bullish commitments at trendline supportUSD/CAD has ranged between a low of 1.3484 and a high of 1.3548 on the day. The bears are in the market and attempting to break down the bullish trend
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Oil price rallies after US macro-data beat, bullish triangle formsOil price trades marginally higher on Tuesday, continuing its recovery from the poor open at the start of the week. Financial markets in general suffe
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USD/MXN rallies near the 18.00 psychological barrier amidst Mexico’s asset nationalizationUSD/MXN reached a new three-week high at the brisk of the psychological 18.0000 barrier, at around 17.9976, sponsored by several factors. Firstly, the
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USD/JPY bears in the market and eye break of support structureUSD/JPY touched a six-month high of 139 in the Asian session on Tuesday whereby talks over a debt-ceiling deal in the US risk running into a brick wa
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United States 2-Year Note Auction: 4.3% vs 3.969%United States 2-Year Note Auction: 4.3% vs 3.969%
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GBP/USD slide continues on US debt-ceiling woes, UK's weak business activityGBP/USD drops extending its losses past the 20-day Exponential Moving Average (EMA), as a risk-off impulse triggered a flight to safety, favoring the
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Gold Price Forecast: XAU/USD slips amid US debt ceiling uncertainty, US equities tumbleGold price is trimming some of its earlier losses, though stills trading negative in the day, down 0.06%, as US Treasury bond yields rise due to uncer
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Gold Price Forecast: XAU/USD likely to be ultimate safe haven in event of US default – CommerzbankGold price slumped significantly last week. However, the growing risk of a US default is set to underpin the yellow metal, economists at Commerzbank r
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US House Speaker McCarthy: We are nowhere near a deal yet“I need you all to hang with me on the debt limit, we are nowhere near a deal yet,” US House Speaker Kevin McCarthy told House Republicans during a cl
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US: New Home Sales rise 4.1% in April vs. 3.3% expectedSales of new single‐family houses rose 4.1% in April to a seasonally adjusted annual rate of 683,000, the data published jointly by the US Census Bure
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Period of stagnation or downturn to lift the US Dollar – Crédit AgricoleExpectations of global economic stagnation could boost the US Dollar, according to economists at Crédit Agricole. US debt-ceiling resolution could res
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Hawkish RBNZ may encourage AUD/NZD to extend its recent decline – RabobankEconomists at Rabobank discuss AUD/NZD outlook ahead of the Reserve Bank of New Zealand (RBNZ) meeting. AUD/NZD to turn higher over the medium-term “H
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GBP/USD seen underperforming further over the short-term driven by policy divergence expectations – MUFGUK inflation will be in focus this week and MUFG Bank’s GBP bias has turned more neutral too given scope for lower inflation than the BoE expects. UK
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United States Richmond Fed Manufacturing Index came in at -15, below expectations (-10) in MayUnited States Richmond Fed Manufacturing Index came in at -15, below expectations (-10) in May
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United States New Home Sales Change (MoM) registered at 4.1% above expectations (3.3%) in AprilUnited States New Home Sales Change (MoM) registered at 4.1% above expectations (3.3%) in April
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United States New Home Sales (MoM) above forecasts (0.665M) in April: Actual (0.683M)United States New Home Sales (MoM) above forecasts (0.665M) in April: Actual (0.683M)
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USD/JPY Price Analysis: Consolidates near YTD peak, seems poised to appreciate furtherThe USD/JPY pair consolidates its recent strong gains to the 139.00 neighbourhood, or a fresh YTD peak touched this Tuesday and seesaws between tepid
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EUR/USD: Daily pullback meets initial contention near 1.0760EUR/USD loses further ground and slips back to the area of monthly lows around 1.0760 on Tuesday. EUR/USD pokes with May lows near 1.0760 EUR/USD main
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US: S&P Global Manufacturing PMI drops to 48.5, Services PMI improves to 55.1 in MayThe business activity in the US private sector expanded at a strengthening pace in early May with the S&P Global's Composite PMI rising to 54.5 from 5
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Reserve Bank of New Zealand: Banks Preview, more surprises in store?The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, May 24 at 02:00 GMT and as we get closer to the releas
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...