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Market Analysis (Page 7)

2024-07-31
USDJPY drops and pops from 200-SMA on BoJ rate hike, Fed eyed

USDJPY defends the previous day’s retreat from a three-week-old falling resistance line.

2024-07-30
GBPUSD drops to resistance-turned-support with eyes on Fed-BoE dual

GBPUSD remains pressured after refreshing a three-week low the previous day.

2024-07-29
Crude Oil prints corrective bounce below 200-SMA as the key week begins

WTI Crude Oil posts more than 1.0% intraday gain early Monday, after declining in the last three consecutive weeks.

2024-07-26
Technical Analysis: Gold price rebounds from 50-SMA ahead of Fed inflation

Gold consolidates weekly loss while posting a corrective bounce from the lowest level in 13 days as traders await the US Core PCE Price Index for June, also known as the Fed’s favorite inflation gauge.

2024-07-24
USDCAD renews 13-week high ahead of BoC Interest Rate Decision, US PMI

USDCAD rises for the sixth consecutive day while extending the early-week breakout of a downward-sloping resistance line from mid-April.

2024-07-23
USDJPY bears keep control, focus on US/Japan data, and 155.30

USDJPY remains on the bear’s radar after reversing from a seven-month-long support-turned-resistance line and the 50-SMA the last week.

2024-07-22
Rising wedge confirmation, PBOC rate cut lure AUDUSD bears

AUDUSD drops to a three-week low early Monday while printing a six-day losing streak as the People’s Bank of China (PBoC) announced a surprise rate cut.

2024-07-19
Gold extends pullback from all-time high towards sub-$2,400 region

Gold price remains pressured for the third consecutive day while extending the mid-week pullback from an all-time high.

2024-07-18
Impending Golden Cross keeps EURUSD bulls hopeful ahead of ECB

EURUSD retreats from the highest level in four months as traders await monetary policy announcements from the European Central Bank (ECB) early Thursday.

2024-07-17
GBPUSD bulls run out of steam near 1.3000 hurdle, UK inflation eyed

GBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June.

2024-07-16
USDJPY extends recovery from key supports, focus on US Retail Sales

USDJPY rises the most among the G10 currency pairs early Tuesday while stretching the previous day’s recovery from an upward-sloping support line from late December 2023 and the 50-SMA.

2024-07-15
AUDUSD stays on the way to 0.6850 hurdle despite downbeat China data

AUDUSD prints mild losses while snapping a four-day winning streak and paring the previous gains from a five-week uptrend after China's report.