Forex News
USD/CAD Price Forecast: Bulls Exercise Caution Ahead of US CPI Report and BOC Decision
The USD/CAD pair edges lower during the Asian session on Wednesday Professionally, educated, profit-focused, and intense The USD/CAD pair edges lower during the Asian session on Wednesday, though it lacks follow-through and remains close to the highest level since April 2020 touched the previous day. Spot prices currently trade just above mid-1.4100s, down less than…
USD/JPY: Testing the 200DMA as Traders Brace for Inflation Fireworks
USD/JPY Battling 200-Day Moving Average and US Bond Yields Technical Breakout and Reversal in US Bond Yields The USD/JPY pair is currently facing a tough challenge as it struggles to break through the 200-day moving average on the daily charts. This key level is being bolstered by a technical breakout and reversal higher in US…
Silver Shines: XAG/USD Consolidates Near $32 as China’s Stimulus Plans and US Inflation Await
Silver Consolidates Near $32.00 Amidst Economic Events What’s Happening with XAG/USD? Silver price (XAG/USD) trades in a tight range near $32.00 in Tuesday’s North American session. The white metal consolidates as investors await the outcome of China’s closed-door annual central economic conference to be held on Dec 11-12, according to Bloomberg, and the release of…
AUD/USD Drops Below 0.6400 as RBA’s Bullock Provides Less Hawkish Outlook
The Impact of RBA Governor’s Comments on the AUD/USD Pair Introduction In Tuesday’s European session, the AUD/USD pair dipped below the crucial support level of 0.6400. This decline was primarily driven by Reserve Bank of Australia (RBA) Governor Michele Bullock’s less-hawkish interest rate guidance, following the decision to keep the OCR unchanged at 4.35% for…
Get Ready to Reach New Heights: USD/CAD Hits Multi-Year High of 1.4200, Thanks to BOC Rate Cut Speculation!
Breaking Down the Latest USD/CAD Pair Movement A Closer Look at the Recent Surge Recently, the USD/CAD pair reached a new high not seen since April 2020, causing quite a stir in the trading world. Despite this significant milestone, the pair has struggled to maintain momentum and has yet to break above the key psychological…
RBA Keeps AUD/NZD Above Water: A Rollercoaster Ride to 1.0950!
When Numbers Tell a Story: Understanding the AUD/NZD Cross A Rollercoaster Ride for Traders Picture this: you’re a trader, keeping a close eye on the AUD/NZD cross as it experiences a flurry of activity in the Asian session. The pair rises to the psychological mark of 1.1000, only to plummet to a fresh daily low…
ECB Rate Call Looms: EUR/USD Slumps in Anticipation
Euro vs. US Dollar: A Market Update EUR/USD Trims Stance Amidst Economic Uncertainties The EUR/USD pair trimmed its stance slightly on Monday, easing back away from the 1.0600 handle after facing a technical rejection from the key level last week. Euro traders are now anticipating a long wait until Thursday’s rate call from the European…
Get Ready to Ride the Bull: AUD/USD Price Forecast Points to a Promising Reversal!
Oh No! The Aussie Pair Takes a Dive! But Wait, Is There Hope on the Horizon? Monday’s European Session: A Rollercoaster Ride for AUD/USD Just when you thought it was safe to relax and sip your morning coffee, the AUD/USD pair decided to shake things up a bit. After hitting a fresh four-month low near…