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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
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver … Read More
GBP/USD Outlook: Near-term bias still seems tilted firmly in favour of bullish traders The GBP/USD pair finds support ahead of the 1.2300 mark on Thursday and for now, seems to … Read More
AUD/USD pares intraday losses at the highest levels in 12 days. Sluggish RSI, MACD signals also favor pullback moves targeting previous resistance from mid-December. 200-SMA adds to the downside filters, … Read More
NZD/USD struggles to defend two-day uptrend, seesaws around intraday high. Bearish MACD signals, sustained trading below 21-DMA keep sellers hopeful. One-month-old ascending trend line restricts immediate downside before the monthly … Read More
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 … Read More
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 … Read More
US Dollar Index seesaws near the lowest levels in six months. One-month-old descending trend line triggers repeated bounces of the DXY. Oversold RSI suggests corrective move but 200-day EMA appears … Read More
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
NZD/USD remains depressed after reversing from six-week high. Bulls are safe above 0.5790 but oscillators and failure to cross 50-DMA tease sellers. Multiple hurdles stand ready to challenge buyers past … Read More
