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EUR/USD: Euro fades bullish momentum near 1.1100

EUR/USD retreats from intraday high as it struggles to defend buyers around the 1.1100 round figure heading into Thursday’s European session. In doing so, the Euro pair remains firmer for the second consecutive day but lacks upside momentum amid a cautious mood ahead of the European Central Bank (ECB) monetary policy decision. The recent growth and inflation […]

GBP/JPY rebounds firmly from 181.00

The GBP/JPY pair discovered strength around 180.80 and recovered sharply in the Asian session. The cross attracts significant bids as the Bank of England (BoE)-Bank of Japan (BoJ) policy divergence is set to widen further. Central banks in Japan and the United Kingdom are set to announce monetary policy on July 28 and August 03 respectively in […]

USD/INR Price Analysis: Seems vulnerable near 82.00

The USD/INR pair struggles to capitalize on its recovery gains registered over the past two days, from the 81.65 region, or the lowest level since early May and attracts some sellers during the Asian session on Thursday. Spot prices, however, manage to recover a few pips from the daily low and currently trade around the […]

EUR/JPY Price Analysis: Stays defensive above the 155.00 area

The EUR/JPY pair loses momentum and remains on the defensive above 155.00 in the Asian session. Market participants await the outcome of the European Central Bank (ECB) and Bank of Japan (BoJ) meetings scheduled for Thursday and Friday.  The ECB is expected to raise interest rates by 25 basis points (bps) on Thursday. Market participants speculate that […]

USD/CAD struggles below 1.3200 mark amid bullish Oil prices

The USD/CAD pair extends the overnight pullback from the 1.3235-1.3240 area, or over a one-week high and continues losing ground through the Asian session on Thursday. The downward trajectory drags spot prices to a fresh daily low, around the 1.3165-1.3160 area in the last hour and is sponsored by a combination of factors. Following the previous day’s […]

XAU/USD bulls cheer $1,965 breakout ahead of US GDP, ECB 

Gold Price (XAU/USD) remains on the front foot for the third consecutive day as bulls cheer a fresh weekly top ahead of some more top-tier data/events, after marking a bullish reaction to the Federal Reserve (Fed) Interest Rate Decision. In doing so, the XAU/USD fails to justify the Fed’s 0.25% interest rate hike, as well as […]

Chart of The Day

The current week is crucial for the EURUSD pair, considering today’s preliminary readings of PMI indices in the US and the eurozone for July. Generally speaking, the estimated PMI data in the eurozone is expected to be weaker than in the US for both industry and services. In addition, investors’ attention will also be focused this […]

EUR/USD Falls on Poor German PMI

The German July flash PMI data: Manufacturing PMI for July was significantly lower than expected, coming in at a very low value of 38.8 versus the expected 41 indicating a significant contraction in the sector. EURUSD, M15 interval, source xStatio 5

Gold price stabilizes as Fed likely to resume interest-rate hiking cycle in July

Gold price (XAU/USD) is portraying a non-direction performance on Monday as investors await the interest-rate decision by the Federal Reserve (Fed) for further guidance. The precious metal is expected to continue its lackluster performance as a small interest-rate hike from the Fed is widely expected despite softening inflation and loosening labor market conditions. There is […]

Silver Price Analysis: XAG/USD bounces off over one-week low, defends $24.50 support

Silver rebounds from over a one-week low touched this Monday and trades with a mild positive bias, around the $24.65 region during the early European session. The white metal, for now, seems to have stalled a two-day corrective decline from the $24.25 area, or its highest level since May 11 set last Thursday. From a technical […]