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EUR/USD climbs to 3-month highs beyond 1.2200

EUR/USD climbs to 3-month highs beyond 1.2200

EUR/USD finally surpasses the key 1.2200 barriers on Tuesday. The sell-off within the dollar forces DXY to interrupt below 90.00. EMU flash Q1 GDP figures next of relevance within the euro docket. The buying pressure around the single currency remains well and…

Market News
Outlook for NZD/USD remains mixed – UOB

Outlook for NZD/USD remains mixed – UOB

NZD/USD is probably going to navigate within the 0.7125-0.7300 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘further sustained NZD strength is unlikely’. We added, NZD ‘is more likely to…

Market News
US dollar dynamics and Fed speak in focus for near-term trading impetus

US dollar dynamics and Fed speak in focus for near-term trading impetus

“Gold is benefiting from the risk-averse market conditions, thanks to the renewed concerns about coronavirus restrictions in Asia. A foremost covid outbreak haunts Taiwan and Singapore whilst India and Japan war with rising instances and…

Market News
Silver Price Analysis: XAG/USD to move back above the $30 level – Commerzbank

Silver Price Analysis: XAG/USD to move back above the $30 level – Commerzbank

Silver (XAG/USD) is approaching the February high at $28.37. Above here lies the $30.09 February 1 high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Silver underpinned by the $25.65 support “Silver…

Market News
Palladium Price Analysis: XPD/USD to alleviate upside pressure on a dip below 2904 – Commerzbank

Palladium Price Analysis: XPD/USD to alleviate upside pressure on a dip below 2904 – Commerzbank

Palladium (XPD/USD) continues to carry over the 20-day moving average at 2904 and maintains an upside bias while above here. Target zone 3028/53 remains, as reported by Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.…

Market News
AUD/USD bounces off weekly lows, still deep in the red around 0.7810-15 region

AUD/USD bounces off weekly lows, still deep in the red around 0.7810-15 region

The prevalent risk-off mood prompted some heavy selling around AUD/USD on Wednesday. Inflation concerns, escalating conflict between Israel and Palestine dented the danger sentiment. A subdued USD price action helped limit any longer losses before the critical US CPI report. The…

Market News
AUD/USD bounces off weekly lows, still deep in the red around 0.7810-15 region

AUD/USD bounces off weekly lows, still deep in the red around 0.7810-15 region

The AUD/USD pair managed to get better round 30 pips from weekly lows and used to be ultimate considered buying and selling without difficulty above the 0.7800 mark, nonetheless over 0.30% for the day. The…

Market News
Gold Price Analysis: Disappointing US CPI to revive XAU/USD’s bullish momentum

Gold Price Analysis: Disappointing US CPI to revive XAU/USD’s bullish momentum

Gold is dragged down, trading around $1,830. However, an enormous miss on US CPI may drive XAU/USD above the 200-day moving average (DMA) at $1850, FXStreet’s Dhwani Mehta informs. See – Gold Price Analysis: XAU/USD bulls begin of the…

Market News
EUR/USD: Resistance at 1.2212/1.2243 to cap euro’s strength – Credit Suisse

EUR/USD: Resistance at 1.2212/1.2243 to cap euro’s strength – Credit Suisse

EUR/USD stays on track to check resistance at 1.2212/43, but with this expected to cap for now, consistent with the Credit Suisse analyst team. See – The official launch of a digital EUR might not happen until 2025 – HSBC Support remains…

Market News
GBP/USD consolidates in a range above 1.4100 mark, Bailey’s speech awaited

GBP/USD consolidates in a range above 1.4100 mark, Bailey’s speech awaited

Gold is within the hands of the bulls but a correction is on the cards. The monthly outlook is critical which makes subsequent few weeks testing for the gold market. Update: Gold (XAU/USD) edge higher around $1,837, up 0.10%…