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USD/JPY has the 114.55 2018 high in its crosshairs – Commerzbank

USD/JPY has the 114.55 2018 high in its crosshairs – Commerzbank

USD/JPY has renewed multi-year highs above 114.00. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to hit the 114.55 October 2018 high. USD/JPY is coming near the 114.55 2018 excessive…

Market News
GBP/USD Price Analysis: Extends the advance to retest 50-DMA at 1.3720

GBP/USD Price Analysis: Extends the advance to retest 50-DMA at 1.3720

GBP/USD builds onto the preceding features to retest 50-DMA at 1.3721. The cable’s upside stays appreciated whilst above the 21-DMA support. RSI edges greater above the midline, assisting the bullish wave. GBP/USD is searching to…

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USD/CHF to suffer a substantial drop to the 0.9073 mark – Commerzbank

USD/CHF to suffer a substantial drop to the 0.9073 mark – Commerzbank

USD/CHF’s sell-off has examined the 55-day transferring common (DMA) at 0.9204. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to slide again to the 2020-2021 uptrend at 0.9073. USD/CHF provided…

Market News
EUR/USD to extend its advance towards the 1.1756 mark – Commerzbank

EUR/USD to extend its advance towards the 1.1756 mark – Commerzbank

EUR/USD has reached the near-term downtrend at 1.1620. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to attain the 1.1756 four-month downtrend. RSI has diverged “EUR/USD’s new low at 1.1522…

Market News
Brexit back in vogue in forex, GBP/USD firmer

Brexit back in vogue in forex, GBP/USD firmer

On Wednesday, there was once news that the EU launched its layout for a discount of post-Brexit assessments on items which is information that has been obtained properly by means of sterling markets. GBP/USD is…

Market News
Gold Price Forecast: XAU/USD capped at $1,770, returns to previous ranges

Gold Price Forecast: XAU/USD capped at $1,770, returns to previous ranges

Gold futures’ favored on Tuesday, as inflation worries damage danger appetite, and the pair reached session highs at $1,770 earlier than pulling again to $1,760 with the USD bouncing up as the US bond yields…

Market News
Forex Today: Deteriorating mood fuels greenback´s demand

Forex Today: Deteriorating mood fuels greenback´s demand

Market members saved struggling for a catalyst as the macroeconomic calendar remained scarce. Overall, risk-aversion dominates the scene amid Chinese headwinds associated to economic balance and the ongoing electricity crisis. Furthermore, the International Monetary Fund…

Market News
Forex Today: Falling yields spur a dollar sell-off

Forex Today: Falling yields spur a dollar sell-off

The greenback sold-off on Wednesday dragged decrease with the aid of falling US Treasury yields. The market temper used to be dismal at some point of most of the day, with Asian indexes closing in…

Market News
Zinc prices to remain elevated amid rising supply disruptions – ING

Zinc prices to remain elevated amid rising supply disruptions – ING

A tight pay attention market and rising disruptions in the sophisticated stop amid low inventories are the fundamental critical drivers at the back of the sturdy zinc market. In the view of strategists at ING,…

Market News
Silver Price Analysis: XAG/USD challenges 200-period SMA/50% Fibo. confluence hurdle

Silver Price Analysis: XAG/USD challenges 200-period SMA/50% Fibo. confluence hurdle

Silver reversed an intraday dip to the $22.90 vicinity and inched returned nearer to close to one-month tops touched in the preceding day. The white metallic was once ultimate viewed buying and selling close to…