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June 19, 2023
By admin

EUR/USD consolidates around 1.0940 due to mixed responses about Fed’s rate guidance

The EUR/USD pair is oscillating in a narrow range around 1.0940 in the late Asian session. The major currency pair is demonstrating a non-directional performance as the street is divided about the further roadmap of interest rate policy to be attempted by the Federal Reserve (Fed). S&P500 futures are showing some losses in the Asian session […]

USD/JPY Price Analysis: Yen pair retreats from yearly top near 142.00 but bears remain cautious

USD/JPY holds lower ground near the intraday bottom of around 141.50 as it prints the first daily loss in three while easing from the Year-To-Date (YTD) top heading into Monday’s European session. In doing so, the Yen pair justifies the RSI (14) line’s retreat from the overbought territory. However, a three-week-old previous resistance line joins bullish […]

NZD/USD moves away from monthly peak, slides to 0.6200 on modest USD strength

The NZD/USD pair attracts some sellers near the 0.6235 region on Monday and extends its steady intraday descent through the Asian session, snapping a four-day winning streak. Spot prices retreat further from the monthly peak touched on Friday and drop to the 0.6200 round-figure mark, or a fresh daily low in the last hour. The US […]

Natural Gas Price News: XNG/USD snaps five-day uptrend at monthly high near $2.66 on China, Fed concerns

Natural Gas Price (XNG/USD) renews intraday low near $2.65 during the first negative daily performance in six. In doing so, the energy instrument reverses from the highest level in a month while taking a U-turn from the key resistance line stretched from March. It’s worth noting that the US Dollar’s rebound and pessimism about China […]

GBP/USD Price Analysis: Cable sellers approach 1.2800 on bearish Pennant confirmation

GBP/USD sellers prod intraday low of around 1.2810 heading into Monday’s London open, printing the first daily loss in five at the highest levels in 14 months. In doing so, the Cable pair justifies the downside break of a bearish pennant chart formation amid downbeat signals from the MACD and the RSI (14) technical indicators. That […]

June 19, 2023
By admin

USD/INR Price Analysis: Consolidates around 82.00 mark, seems vulnerable below 200-day SMA

The USD/INR pair struggles to capitalize on Friday’s modest bounce from the 81.85 region, or its lowest level since May 9 and kicks off the new week on a subdued note. Spot prices oscillate in a narrow trading band through the Asian session and currently trade just below the 82.00 mark, nearly unchanged for the […]

EUR/USD flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week

The EUR/USD pair recovers a few pips from the Asian session low and for now, seems to have stalled its retracement slide from over a two-week high touched on Friday. Spot prices currently trade just below mid-1.0700s, nearly unchanged for the day, as traders seem reluctant to place aggressive bets on the first day of […]

EUR/GBP grinds near nine-month low around 0.8550 as UK jobs, ECB eyed

EUR/GBP remains on the back foot at the lowest level since August 2022, despite recently paring intraday losses near 0.8545 heading into Monday’s London open. In doing so, the cross-currency pair justifies comparatively downbeat economic concerns about the Eurozone more than the UK. However, the cautious mood ahead of this week’s top-tier UK data and the European […]

EUR/JPY juggles below 150.00 as focus shifts to ECB/BoJ’s interest rate policy

The EUR/JPY pair is displaying a back-and-forth action below the psychological resistance of 150.00 in the early European session. The cross is struggling to find directions as investors have been sidelined ahead of the interest rate decision by the European Central Bank (ECB) and the Bank of Japan (BoJ), which will be announced this week. An interest […]

USD/MXN Price Analysis: Retreats towards multi-month low near 17.25 even as RSI prods Mexican Peso bulls

USD/MXN consolidates the biggest daily loss in nearly two weeks at the lowest levels since May 2016 heading into Monday’s European session. In doing so, the Mexican Peso (MXN) pair traces the market’s cautious mood, as well as positioning for the US inflation and Federal Reserve (Fed) monetary policy decision. Technically, the USD/MXN pair struggle […]