Technical Analysis
Better-than-expected US growth numbers triggered the much-awaited pullback in the EURUSD prices from the eight-month high.
Gold tries its best to stay on the bull's radar, while traders await the key advance US GDP for Q4 2022.
USDCAD are expecting a 1.3250 strong support on the day of the the Bank of Canada (BoC) interest rate decision.
Despite a soft start, GBPUSD managed to regain upside momentum.
USDJPY refreshes its multi months low. The currency is posted to make the biggest gain as well.
EURUSD pair’s upside bias, despite multiple failures to cross the 1.0880 horizontal hurdle in the last week.
Despite the AUDUSD pair’s south-run on the downbeat Aussie jobs report, the pair trades successfully.
USDJPY pair remains on the bear’s radar as it is yet to cross a four-month-long descending trend line resistance.
GBPUSD bulls are struggling to keep the reins as traders await crucial British economics scheduled during the week, starting with the UK jobs report.
GBPUSD retreats from a one-month-old broad resistance area surrounding 1.2210-40.
EURUSD grinds higher around the seven-month top inside a rising megaphone chart pattern on the daily formation.
Gold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022.
USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices.