EUR/USD Pair is Consolidating Gains above the 1.1450 Level
The Euro started a steady increase from the 1.1320 support zone against the US Dollar. The EUR/USD pair broke the 1.1380 resistance zone to move into a positive zone. There was also a move above the 1.1400 level and the...
USDCAD Stops Near 200-SMA: Temporary Pause or Bullish Setup?
USDCAD slumped towards the 200-day simple moving average (SMA) at 1.2495 after its bullish efforts to cross above the 50-day SMA and enter the 1.2700 territory collapsed, with the pair set to close 1.40% lower this week. Thursday’s session seems...
GBPUSD Climb Remains Intact Amid Lingering Bullish Forces
GBPUSD has staged a spectacular uptrend movement from late December amid strengthening positive momentum. Moreover, the pair’s successive higher highs together with the recent golden cross, where the 50-period simple moving average (SMA) has crossed above the 200-period SMA, reinforce...
XAG/USD Tests Major Resistance
Silver extends its recovery on the back of a weak US dollar. The metal saw support at the psychological level of 22.00. A break above the resistance at 22.80 and then an acceleration to the upside indicates strong buying interest....
Yen Rebounding on Weaker Risk Sentiment, Dollar Still Very Weak
Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the worst performing one for the...
USD/JPY Starts Fresh Decrease, Key Support at 113.20
Key Highlights USD/JPY started a fresh decline from well above 116.00. It broke a major bullish trend line with support near 115.60 on the 4-hours chart. EUR/USD surged above 1.1400, and GBP/USD rallied above the 1.3700. The US Initial Jobless...
No End in Sight For Dollar’s Fall Despite Hawkish Fedspeaks
Dollar remains overwhelmingly the worst performer today, as selloff extends. There is little support from hawkish Fedspeaks, with some officials expressing openness to four rate hikes this year. Commodity currencies continue to be the biggest winners, as supported by resilient...
Stock futures nudge higher after a 3-day winning streak for Nasdaq
U.S. stock futures were slightly positive during early trading on Thursday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures were up 49 points. S&P 500 futures rose 3 points, and...
Dollar Extending Selloff, Aussie Leads Commodity Currencies Higher
Dollar’s post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling is mixed for now. Other...
Fear of even higher mortgage rates may be heating up winter homebuying
Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home prices are still gaining, and winter is historically the slowest...
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