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Market Analysis (Page 13)

2024-04-19
EURUSD stays pressured toward 1.0600 amid risk-aversion

EURUSD extends the previous day’s pullback from a four-month-old support-turned-resistance.

2024-04-18
AUDUSD extends recovery on mixed data, offers a fresh selling opportunity

AUDUSD prints mild gains around mid-0.6400s despite mixed outcomes of the Aussie employment report.

2024-04-17
GBPUSD hovers at five-month low, focus on UK Inflation, BoE’s Bailey

GBPUSD traders lick their wounds at the lowest level in five months early Wednesday as the monthly UK inflation data.

2024-04-16
USDJPY hovers around multi-year high as bulls run out of steam

USDJPY edges higher past 154.00 while making rounds to the 34-year top marked the previous day.

2024-04-15
Monthly bullish megaphone keeps Gold buyers hopeful

Gold price resumes its upward trajectory within a fortnight-old bullish megaphone chart pattern after a volatile day.

2024-04-12
GBPUSD sellers attack 1.2540 key support ahead of UK/US data

GBPUSD fades bounce off the yearly low following its failure to cross the 200-day Exponential Moving Average (EMA).

2024-04-11
EURUSD pares the biggest daily loss in 13 months near key support on ECB day

Wednesday’s strong US inflation data and hawkish Fed Minutes portrayed the EURUSD pair’s biggest daily slump since March 2023.

2024-04-10
RSI divergence teases gold sellers ahead of US inflation, Fed Minutes

Gold price makes rounds to the record top early Wednesday as market players await the CPI and Fed monetary policy meeting.

2024-04-09
NZDUSD grinds higher past 0.6000 ahead of RBNZ, US Inflation

NZDUSD remains positive around 0.6035-40 early Tuesday, despite lacking upside momentum of late.

2024-04-08
USDJPY bulls eye multi-day-old resistance line and US Inflation

USDJPY picks up bids within a fortnight-old trading range while defending the previous day’s rebound.

2024-04-05
Gold price extends pullback from record high ahead of US NFP

After rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high.

2024-04-04
GBPUSD rebound remains unconvincing below 1.2700

Wednesday’s broadband US Dollar weakness allowed GBPUSD bulls to extend the week-start rebound.