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actionforex.com
· 24 days ago
USD/CAD Daily Outlook
USD/CAD is still extending consolidations below 1.4247 and intraday bias remains neutral. Deeper pullback cannot be ruled out.
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EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the downside for 61.8% retracement of 0.8221 to 0.8863 at 0.8466. Downside could be contained there considering loss of momentum as seen in 4H MACD.
EUR/AUD Daily Outlook
Range trading continues in EUR/AUD and intraday bias remains neutral. Further rise is in favor as long as 1.6306 support holds.
Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities
Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities
Gold heads for weekly loss as Middle East tensions, Fed hike fears cap recovery
Gold heads for weekly loss as Middle East tensions, Fed hike fears cap recovery
USD/CAD Slips Below 1.4200 And It Could Be Pointing to Something Bigger
The USD/CAD forex pair has decisively broken below the 1.4200 mark that has been a support level for much of the recent range-bound trading.
Euro: Range-bound rebound faces key resistance against US Dollar – Societe Generale
Euro: Range-bound rebound faces key resistance against US Dollar – Societe Generale
UOB Euro to Dollar Forecast: EUR/USD Rally Could Stall at 1.1450
The Euro to Dollar (EUR/USD) exchange rate has edged higher to around 1.1450, extending its recovery from this week's lows as the US Dollar softened modestly. UOB believes the Euro retains a mild upside bias in the near term, although it expects gains to be capped around the 1.1450 level.
GBP/AUD Analysis: the Tug-Of-War Begins
Oil is back in the driver's seat, and both the pound and the aussie are feeling its grip. The Bank of England held rates at 3.75% in June, but with UK inflation at 2.8% and crude oil climbing on renewed Middle East tensions, markets now lean towards a hike before year-end.
Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact
Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact
USD/JPY Falls as Yen Recovers Weekly Losses
USD/JPY fell to 161.67 on Friday, with the yen fully recovering its losses from the beginning of the week. Market participants are once again increasing expectations of possible intervention by Japanese authorities, following the national currency's recent move to nearly 40-year lows.
Gold: Tentative stabilisation on oil relief – OCBC
Gold: Tentative stabilisation on oil relief – OCBC
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Euro: Yield spreads hint at recovery against US Dollar – MUFG
Euro: Yield spreads hint at recovery against US Dollar – MUFG
USD/JPY Price Forecast: Dollar finds resistance at the 161.75 previous support
USD/JPY Price Forecast: Dollar finds resistance at the 161.75 previous support
US Dollar Price Forecast: Dollar Firms Amid Sticky Inflation – GBP/USD and EUR/USD Next Move?
The US Dollar remained firm amid sticky core inflation and monetary policy divergence. DXY held at $100.79 inside a blue ascending channel while EUR/USD held $1.1440 support and GBP/USD defended $1.3422 resistance zone.
Silver (XAG) Forecast: Trader Reaction to $59.44 to $58.53 Sets the Tone
Silver market faces a key test as Fed hike expectations build. Discover why $59.44 to $58.53 is the technical battleground for traders.
USD/CAD Price Forecast: Recovers from three-week low; flat above 1.4150 ahead of jobs data
USD/CAD Price Forecast: Recovers from three-week low; flat above 1.4150 ahead of jobs data
Bad News Is Already Priced Into the Canadian Dollar - Scotiabank USD/CAD Forecast
The US Dollar to Canadian Dollar (USD/CAD) exchange rate has edged lower towards 1.4160 this week as the Canadian Dollar modestly outperformed most of its major peers. Scotiabank believes the outlook for the Canadian Dollar is beginning to improve as interest-rate spreads stabilise and economic data become less negative.
Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,115 as Silver Holds $60.20 – Next Move?
Gold and silver focused on technical levels as central banks maintained net purchases. Gold broke $4,115 symmetrical triangle while silver traded at $60.20.