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US Dollar Index pushes higher, targets 93.00

US Dollar Index pushes higher, targets 93.00

DXY adds to recent gains and approaches 93.00. Yields of the US 10-year note remain depressed near 1.25%. The NAHB index are going to be the sole release afterward Monday. The US Dollar Index (DXY), which tracks the greenback vs.…

Market News
Gold Price Forecast: XAU/USD remains on track to test key $1792 support – Confluence Detector

Gold Price Forecast: XAU/USD remains on track to test key $1792 support – Confluence Detector

Gold price remains vulnerable as risk-off flows boost the US dollar. ‘Sell everything mode’ engulfs gold price amid Delta covid strain woes. Gold Weekly Forecast: Possible correction to $1,800 as key resistance holds. Gold price…

Market News
Silver Price Analysis: XAG/USD bears look to seize control near $26.00 mark

Silver Price Analysis: XAG/USD bears look to seize control near $26.00 mark

Silver once more did not make it through a stronger resistance near the $26.30 supply zone. The set-up favours bearish traders and supports prospects for an eventual break to the downside. A sustained move beyond monthly swing highs is…

Market News
GBP/USD falls under 1.3800 to one-week lows

GBP/USD falls under 1.3800 to one-week lows

Pound weakens near the top of the week amid risk aversion. GBP/USD could post rock bottom weekly close since April. The recovery of GBP/USD was short-lived and after reaching 1.3865, it turned to the downside. Recently broke under European…

Market News
USD/INR Price Analysis: Indian rupee vulnerable while above 74.40

USD/INR Price Analysis: Indian rupee vulnerable while above 74.40

USD/INR is close to end the week with modest gains. Chart is biased to the upside, with dollar’s momentum fading. Break under 74.40 to strengthen the Indian rupee . The USD/INR is rising on Friday because it continues to rebound after…

Market News
Silver Price Analysis: XAG/USD bears look to seize control near $26.00 mark

Silver Price Analysis: XAG/USD bears look to seize control near $26.00 mark

Silver once more did not make it through a stronger resistance near the $26.30 supply zone. The set-up favours bearish traders and supports prospects for an eventual break to the downside. A sustained move beyond…

Market News
Scope for AUD/USD to edge towards 0.72 by year-end – Rabobank

Scope for AUD/USD to edge towards 0.72 by year-end – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, thinks that the AUD/USD pair could drop toward 0.7200 by the top of the year. Key quotes “Over the approaching year approximately , developments within the Australian labour market and especially wage data are going to be instrumental in guiding…

Market News
NZD/USD clings to the 0.6920-0.7050 range so far – UOB

NZD/USD clings to the 0.6920-0.7050 range so far – UOB

In lightweight of the recent worth action in NZD/USD, FX Strategists at UOB cluster expect any consolidation between zero.6920 and 0.7050. Key Quotes 24-hour view: “While we tend to expected NZD to strengthen yesterday, we tend to were of the read that ‘it is unlikely to challenge the key resistance at zero.7030’. However,…

Market News
Natural Gas Futures: Room for extra decline

Natural Gas Futures: Room for extra decline

Open interest in gas futures markets increased for the fourth straight session on Wednesday, now by quite 7K contracts consistent with preliminary prints from CME Group. within the same line, volume extended the choppy performance and rose by around 97.3K contracts. Natural Gas…

Market News
Gold Price Forecast: XAU/USD struggles around 200-DMA amid US dollar’s rebound

Gold Price Forecast: XAU/USD struggles around 200-DMA amid US dollar’s rebound

Gold rallies to a 50% mean reversion level because the US dollar slides. Markets are looking to the Fed for direction, steering the greenback on Wednesday. Update: Gold price is posting small losses thus far this Thursday, snapping its…