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AUD/USD Approaches November Low with Australia GDP on Tap
AUD/USD approaches the November low (0.6434) as it gives back a three-day rally.
US Dollar Forecast: USD/JPY Gives Back Post-US Election Rally
USD/JPY trades to a fresh monthly low (150.46) as it gives back the advance following the US election.
EUR/USD Recovery Eyes Former Support Zone Around April Low
The recovery in EUR/USD may turn out to be temporary if it struggles to trade back above the former-support zone around the April low (1.0601).
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US Dollar Forecast: GBP/USD Still Vulnerable to Test of May Low
GBP/USD may attempt to test the May low (1.2446) if it fails to defend the monthly low (1.2487).
US Personal Consumption Expenditure (PCE) Report Preview (OCT 2024)
The update to the US PCE index is anticipated to show a rise in both the headline and core reading.
NZD/USD Rebounds Ahead of 2023 Low with RBNZ Expected to Cut
NZD/USD bounces back ahead of the 2023 low (0.5774) to keep the Relative Strength Index (RSI) above 30.
US Dollar Forecast: USD/CAD to Face Uptick in US PCE Index
The depreciation in USD/CAD may turn out to be temporary as the US Personal Consumption Expenditure (PCE) Price Index is anticipated to show sticky inflation.
Gold Price Stages Five-Day Rally for First Time Since March
The price of gold trades back above the 50-Day SMA ($2664) as it stages a five-day rally for the first time since March.
US Dollar Forecast: USD/CHF Rally Eyes July High
USD/CHF may further retrace the decline from the July high (0.9051) as it trades to a fresh monthly high (0.8938).
GBP/USD Selloff Pushes RSI Up Against Oversold Zone
GBP/USD falls to a fresh monthly low (1.2576) as it gives back the advance from the start of the week.
USD/JPY Weakness Curbs Threat of Currency Intervention
The decline in USD/JPY may curb the threat of a currency intervention as the rally following the US election seems to be unraveling.
US Dollar Forecast: AUD/USD Recovery Keeps Yearly Range Intact
AUD/USD may further retrace the decline from the monthly high (0.6688) to hold within the yearly range.
USD/CAD Rally Unravels to Pull RSI Back from Overbought Zone
USD/CAD may continue to trade to fresh weekly lows as the RSI falls back from overbought territory.
GBP/USD Struggles as BoE Bailey Sees Faster Disinflation
GBP/USD struggles to extend the advance from the start of the week as BoE Governor Bailey acknowledges that ‘inflation has come down faster than we expected a year ago.’
Gold Price Recovery Keeps RSI Above Oversold Zone
The price of gold extends the recovery from the start of the week to keep the Relative Strength Index (RSI) above 30.
US Dollar Forecast: EUR/USD Rebound Pulls RSI Out of Oversold Zone
EUR/USD extends the rebound from the monthly low (1.0496) to pull the Relative Strength Index (RSI) above 30.
USD/JPY Rebounds as BoJ Ueda Pledges to Support Economic Activity
USD/JPY may further retrace the decline from the yearly high (161.95) as BoJ Governor Kazuo Ueda insists that ‘monetary policy will continue to firmly support economic activity.’
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Canadian Dollar Forecast: USD/CAD Rally Clears 2022 High
USD/CAD continues to register a fresh yearly high (1.4106) after clearing the 2022 high (1.3978).
US Dollar Forecast: AUD/USD Halts Bearish Price Series
AUD/USD appears to be halting the selloff from the start of the week as it no longer carves a series of lower highs and lows.
GBP/USD Trades Below 200-Day SMA for First Time Since May
GBP/USD appears to be on track to test the June low (1.2613) as it no longer tracks the positive slope in the 200-Day SMA (1.2820).
EUR/USD Eyes 2023 Low as RSI Flirts with Oversold Zone
EUR/USD may attempt to test the 2023 low (1.0448) as it continues to carve a series of lower highs and lows.
Gold Price Outlook Mired by Close Below 50-Day SMA
The price of gold may continue to give back the advance from the September low ($2472) as it no longer tracks the positive slope in the 50-Day SMA ($2650).
AUD/USD Vulnerable amid Break Below November Opening Range
AUD/USD breaks below the opening range for November to register a fresh monthly low (0.6480).