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Forex
AUD/USD sticks to modest gains, upside seems limited amid geopolitical risks and bullish USD
AUD/USD stages a modest recovery from a two-month low touched on Friday.
The uptick seems unaffected by the Iranian attack on Israel over the weekend.…
Middle East tensions escalate over the weekend after Iran attacks Israel
The geopolitical tensions between Israel and Iran intensified over the weekend, as Iran launched drones toward Israel late Saturday, the Israeli military…
USD/JPY declines after weak US data, buyers take profits
The UoM Sentiment Index slipped to 77.9, indicating a weakening in US consumer confidence.
The US Dollar seems to consolidate weekly gains following hot…
Forecasting the Coming Week: Investors’ attention remains on Fed’s rate cut bets
Expectations of a later-than-expected interest rate cut by the Federal Reserve lent further legs to the Greenback, lifting the DXY to multi-month tops. There…
EUR/USD dives to fresh five-month lows near 1.0600 on dovish ECB
The Euro dives on a combination of a dovish ECB and a hawkish Fed
The pair is on track to its weakest weekly performance in more than one year.
Upside…
Dow Jones Industrial Average falls further with banks and megacaps leading losses
Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000.
JPMorgan leads losses as…
Canadian Dollar plunged this week, with investors paring back Fed easing expectations
Canadian Dollar dives further with the USD rallying across the board.
The CAD has depreciated about 1.23% this week, on its worst weekly performance in…
EUR/JPY Price Analysis: Bearish sentiment gains sway, 20-day SMA lost
Increasing bearish pressure is shown by the RSI and MACD of both hourly and daily charts.
Sellers appear to have control, after gaining the 20-day SMA.…
Pound Sterling plummets below 1.2500 as US Dollar dominates due to faded Fed rate cut prospects
GBP/USD plummets below 1.2500 as US Dollar dominates due to faded Fed rate cut prospects
The GBP/USD pair dips below the psychological support of 1.2500 in…
GBP/USD Price Analysis: Plummets and shift bearish, dives below 1.2500
GBP/USD falls sharply, influenced by a move towards safer assets and a strengthening US Dollar.
Technical analysis indicates a shift to bearish territory…