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Commodities Forex Technical Analysis
October 4, 2023
By admin

USD/CAD trades higher near 1.3710 on market caution, downbeat Crude prices

USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencing upward support amid cautious sentiment due to the US Federal Reserve’s (Fed) interest rates trajectory. The US Dollar Index (DXY) hovers around 107.10 at the time of writing, aligned with the 11-month high marked […]

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Banking Capital Markets Finance Forex
October 4, 2023
By admin

USD Index treads water just above 107.00, look at US data

The greenback, in terms of the USD Index (DXY), alternates gains with losses above the 107.00 mark so far on Wednesday. USD Index focuses on US data, Fedspeak The index seems to have entered a consolidative phase around the area of 2023 tops beyond the 107.00 yardstick against the backdrop of further upside in US yields […]

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Banking Capital Markets Forex Technical Analysis
October 4, 2023
By admin

GBP/USD Price Analysis: Languishes near seven-month low, just above mid-1.2000s/38.2% Fibo.

The GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the previous day. The prospects for further policy tightening by the Federal Reserve (Fed) remain supportive of elevated US Treasury bond yields and assist the US Dollar (USD) to stand tall near a 10-month high. This, […]

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Banking Capital Markets Forex
October 3, 2023
By admin

US Dollar resides near new highs as rate differential keeps pushing US yields higher

The US Dollar (USD) is making victims in several asset classes: precious metals sink to yearly lows while bond traders are still reluctant to buy US bonds at these elevated coupons while equities are turning red on their yearly performance. King Dollar is not going away any time soon as US Federal Reserve Chairman Jerome Powell on Monday evening […]

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Banking Capital Markets Forex Technical Analysis
October 3, 2023
By admin

Euro seems to have met some contention near 1.0460

The Euro (EUR) accelerates its losses against the US Dollar (USD), dragging EUR/USD to the area of new year-to-date lows around 1.0460 on Tuesday. The earlier pessimism, however, appears somewhat fizzeld out towards the European midday and the pair manages to regain some composure around 1.0480. In the meantime, the march north in the Greenback remains everything […]

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Economic Forex
October 3, 2023
By admin

US JOLTS Preview: job openings data could signal persisting US labor market tightness

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of job openings in August, alongside the number of layoffs and quits. JOLTS data will be scrutinized by market participants and Federal Reserve […]

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Banking Capital Markets Forex
October 3, 2023
By admin

US Dollar challenges 11-month high as rally goes rogue

The US Dollar (USD) seems to like the number 11 as the Greenback was able to book its eleventh week of gains last week and currently has breached the eleventh-month high at 107.21. King Dollar is not going away any time soon as US Federal Reserve Chairman Jerome Powell on Monday evening communicated to the markets that […]

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Commodities Economic Forex Precious Metals Technical Analysis
October 3, 2023
By admin

Gold price faces pressure as US Dollar strengthens due to multiple tailwinds

Gold price (XAU/USD) continues its decline, pressured by multiple headwinds. Federal Reserve (Fed) policymakers support one more interest rate increase in the remainder of 2023 as a resilient United States economy could slow down the progress against inflation. Apart from that, a strong improvement in the US Manufacturing PMI despite higher interest rates has strengthened the economic outlook. […]

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Economic Forex Technical Analysis
October 2, 2023
By admin

Euro extends the rebound and retargets 1.0600 ahead of US key data

The Euro (EUR) gains ground against the US Dollar (USD), motivating the EUR/USD to reclaim the area around 1.0590 and advance for the third session in a row following the opening bell on the old continent on Monday. Meanwhile, the Greenback appears under some pressure, just above the 106.00 hurdle when measured by the USD Index (DXY), and […]

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Commodities Economic Forex Technical Analysis
October 2, 2023
By admin

USD/CAD Price Analysis: The key barrier is seen at 1.3600 ahead of the Canadian, US PMI data

The USD/CAD pair loses some ground after being rejected from the 1.3600 barrier during the early European session on Monday. Traders await the Canadian S&P Global Manufacturing PMI for September ahead of the US ISM Manufacturing PMI due later in the North American session on Monday. The pair currently trades near 1.3570, losing 0.06% on the day.  […]

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