Drops below 1.09 as double top forms, threatening to negate a triple bottom
Share: A triple bottom in the EUR/USD daily chart remains in play but at a brisk of being negated. EUR/USD’s price action during the last couple of weeks … Read More
Tag: Majors
EUR/USD regained 1.0600, extending its gains due to a soft US Dollar
Share: EUR/USD to finish the week above 1.0600 after hitting a weekly low of 1.0533. A risk-on impulse and falling UST bond yields are a headwind for the … Read More
AUD/USD reverses its course, edges towards 0.6910s
Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside … Read More
Remains under pressure below 1.0780
Share: EUR/USD fails to extend the bounce past the 1.0780 level. The 3-month line near 1.0780 keeps capping the upside. EUR/USD bounces off Tuesday’s lows near 1.0670, although … Read More
Setup remains tilted firmly in favour of bearish traders
USD/JPY remains capped near a two-week-old descending trend-line hurdle. The formation of a bearish pennant supports prospects for a fresh leg down. A sustained move beyond mid-130.00s is needed to … Read More
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB’s decisions
The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward … Read More
Finished the week positive, though fell beneath 0.9270s
Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. … Read More
Kiwi limited while under 0.6350
Volatility and erratic moves during the last trading session of the year. NZD/USD to end year with a 7.30% loss. The 0.6500 has the key to more gains for the … Read More
Buyers stepped in around weekly lows on risk aversion
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: … Read More
EURUSD surged almost 4% weekly, eyeing the 200-DMA
EURUSD finished up in the week close to 4%, spurred by a weak US Dollar. Softer-than-expected US CPI report and consumer inflation expectations rising tumbled the US Dollar. The double-digit … Read More