Forex

CSL LIMITED (ASX): CSL one-day chart (semilog scale) analysis Function: Counter trend (Minute degree, green). Mode: Corrective. Structure: Zigzag.…

Gold price remains depressed for the third successive day and drops to over one-week trough.  Expectations that the Fed will keep rates higher for longer…

GBP/USD Weekly Forecast: Pound Sterling looks to Fed and BoE verdicts for fresh direction The Pound Sterling (GBP) gave into the US Dollar (USD) resurgence,…

Indian Rupee edges higher on Monday on the weaker USD.  The optimistic Indian economic outlook and the continuous foreign inflows boost the Indian Rupee.…

The Japanese Yen continues to be undermined by the uncertainty over the BoJ’s policy stance. Hawkish Fed expectations act as a tailwind for the USD and lend…

GBP/USD puts efforts to retrace its recent losses despite market caution. The US Dollar retreats on the decline in US Treasury yields. A slew of UK data is…

EUR/USD edges lower to 1.0885 amid the recovery of USD.  FOMC is expected to hold its key fed funds rate steady at a 5.25%–5.50% range on Wednesday.  ECB’s…

The European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Sunday that the central bank could begin cutting interest rates in June after an…

AUD/USD loses ground near 0.6560 in Monday’s early Asian session.  The RBA is anticipated to leave its key interest rate unchanged at 4.35% on Tuesday. …

GBP/USD falls as US inflation data and retail sales reinforce a less dovish Fed outlook. Industrial Production in the US shows signs of recovery,…