Australian Dollar Extends Losses
The Australian dollar can’t find its footing and continues to lose ground against the surging US dollar. AUD/USD was down considerably earlier today but has pared most of these losses. In the North American session, AUD/USD is trading at 0.6425,...
EUR/USD Outlook: Bears Likely to Travel Further as Conditions Continue to Worsen
The Euro hit new marginally lower 20-year low in early Wednesday, as risk assets fell in Asia, lifting the dollar to new high. Technical studies show indicators on daily chart in full bearish setup, with oversold conditions likely to slow...
Gold Price Turns Red Below $1,650, Upsides Capped
Key Highlights Gold price extended losses below the $1,650 support. A major bearish trend line is forming with resistance near $1,650 on the 4-hours chart. EUR/USD and GBP/USD might start a fresh downward move. USD/JPY could clear the last high...
Gold Price Turns Red Below $1,650, Upsides Capped
Key Highlights Gold price extended losses below the $1,650 support. A major bearish trend line is forming with resistance near $1,650 on the 4-hours chart. EUR/USD and GBP/USD might start a fresh downward move. USD/JPY could clear the last high...
FX Intervention: Risks for Solos, Not Yet for Accords
The US dollar is under some pressure on Tuesday morning, which can be attributed to the dollar’s local profit-taking after substantial gains on previous days. European equities and US index futures are also getting some relief, pulling back from lows....
More Turmoil to Come?
Stock markets have steadied in Asia and early European trade on Tuesday but that is not reflective of the mood in the markets at the moment so it may struggle to hold. The volatility in FX markets at the start...
EUR/USD Due for a Corrective Bounce?
With all the attention on the pound today, there was some sharp movements in the euro which you may have missed. The single currency dropped to a fresh low on the year against the greenback, reaching a low of 0.9551...
Brent Dropped to Its February Lows
The commodity market is now experiencing a huge stress due to concerns of the reduction in demand for energies. Early in the week, Brent dropped to $85.35 and no other negative factors have appeared since then. However, those that are...
Gold Extends its Decline to Fresh 29-Month Lows
Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows within a descending channel. Furthermore, in the last few daily sessions, the technical picture has deteriorated, with the pair forming consecutive fresh 29-month...
Week Ahead: Central Bank Fallout, More Pain for the Pound, and Inflation Data
Last week, there were some major events that created quite a bit of volatility. The most important events were the FOMC interest rate hike of 75bps to bring the Fed Funds rate to 3.25%, the BOE rate hike of 50bps...