A light one on the data docket in Europe today
The major currencies have remained relatively mixed and mixed this week, with only the Aussie showing any conviction in my…
GBP/USD IS SUBDUED AROUND 1.2200 AFTER PRINTING A FOUR-WEEK HIGH
US consumer sentiment improved, while inflation expectations fell. UK Q GDP contracted and the economic outlook was bleak. GBP/USD traders…
USD/CAD Forecast: Slams into Support
The market continues to pay attention to the oil market as crude oil has been very noisy recently. USD /…
USD Index Forecast: Hovers around 50% Fibonacci Level
The US dollar has been on the ropes for a while now, but over the last week or two we…
USD/CNY TO GRADUALLY DIP TOWARDS 6.80 BY END-2023 – SOCGEN
The Chinese yuan has come a long way and recovered from a low of 7.32 in late October to around…
AUD/USD PRICE ANALYSIS: STRUGGLES AT THE 20-DAY EMA, DROPS BELOW 0.6700
Risk aversion has affected high-beta currencies such as the Australian dollar. Global central banks, which raised interest rates and looked…
SILVER PRICE ANALYSIS: XAG/USD BOUNCED AT THE 20-DMA, RECLAIMS $23.00 ON RISK AVERSION
Silver price rebounds and remains on the rise despite the rise in the US dollar. In the near term, XAG/USD…
GBP/USD Technical Analysis: Tense Sentiment
Two days after the sale of GBP / USD, the pair moved to the support level of 1.2106. It then…
EUR/USD Technical Analysis: Selling Opportunities
EUR/USD is still trying to hold the 1.0500 resistance level to strengthen the bulls’ control. It sold off yesterday, which…
GBP/USD: Weekly Forecast 4th December – 10th December
Last week’s low GBP/USD flirted with the 1.19,000 level on Wednesday, but buying suddenly exploded when US Federal Reserve Chairman…