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Market News
AUD/USD Price Analysis: Bears eye the daily chart’s W-formation near 0.7235

AUD/USD Price Analysis: Bears eye the daily chart’s W-formation near 0.7235

AUD/USD has risen sharply as the US greenback plummets beneath indispensable each day support. However, the W-formation is compelling, in particular with the DXY now stabilising at deeper help as follows: DXY each day chart…

Market News
USD/CAD breaks below the 1.2700 figure after Canada and US employment data

USD/CAD breaks below the 1.2700 figure after Canada and US employment data

The USD/CAD is extending its fall to two consecutive days in the week, quickly pierced the 50-day shifting common (DMA) round 1.2687, to then reclaim the 1.2700 determine after Canadian and US employment information struck…

Market News
USD/CNY fix: 6.3716 vs the prev fix of 6.3675

USD/CNY fix: 6.3716 vs the prev fix of 6.3675

In latest change today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3716 vs the preceding restore of 6.3675 and the prior shut of 6.3670. About the fix China continues strict manipulate…

Market News
Silver Price Forecast: XAG/USD dipped to fresh three-month-lows, rebounds up to $22.10s post-US CPI

Silver Price Forecast: XAG/USD dipped to fresh three-month-lows, rebounds up to $22.10s post-US CPI

After the US CPI report, the white metallic trims some of Thursday’s losses, up 0.72%. Inflation in the US jumps to a 30-year excessive stage no longer considered considering 1982, shut to 7%. Silver Price…

Market News
AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD stays sidelined as RBA Minutes reiterate no fee hike till 2024. Convergence of 100, 50-DMA defend immediately upside, bears want validation from 61.8% Fibonacci retracement. Bearish MACD signals, descending Momentum line maintain agents hopeful.…

EUR/USD climbs above 1.1760 as DXY slides to 92.80

EUR/USD extends day by day rebound into the American session. US Dollar Index edges decrease beforehand of patron self assurance data. Falling US Treasury bond yields appear to be weighing on USD. After spending the…

Market News
US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

DXY bulls take a breather all through a four-day uptrend, close to early April tops. 23.6% Fibonacci retracement guards immediately upside, three-week-old aid line will become the key. Bulls continue to be hopeful past 200-DMA,…

Market News
USD/CNY fix: 6.4709 vs the prior 6.460

USD/CNY fix: 6.4709 vs the prior 6.460

In the current exchange today, the People’s Bank of China (PBOC) set the yuan (CNY) reference charge at 6.4709 vs the prior 6.4601. About the fix China keeps strict manipulate of the yuan’s fee on…