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EUR/USD falters near 1.1900, turns negative afterwards

EUR/USD falters near 1.1900, turns negative afterwards

EUR/USD reverses the sooner move to the 1.19 area. The German Economic Sentiment surprised to the downside in July. US ISM Non-Manufacturing grabs all the eye across the pond. The EUR/USD’s earlier optimism was ephemeral. Indeed, the pair rapidly…

Market News
AUD/USD: RBA to be unable to prevent further rises if commodity prices remain high – SocGen

AUD/USD: RBA to be unable to prevent further rises if commodity prices remain high – SocGen

There were two key surprises within the RBA Board’s July statement: the tapering of weekly purchases to AUD4 B per week and therefore the change to the forward guidance by removing “at the earliest.” So, although the Federal Reserve Bank of…

Market News
Silver Price Analysis: XAG/USD points to the upside above the $25.14 mark – Commerzbank

Silver Price Analysis: XAG/USD points to the upside above the $25.14 mark – Commerzbank

Silver (XAG/USD) is consolidating at the 200-day moving average and holding over the 55-week ma at $25.14. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, maintains a long-term bullish bias above the mentioned…

Market News
Gold Price Forecast: XAU/USD to stop its decline at the $1735 mark – Commerzbank

Gold Price Forecast: XAU/USD to stop its decline at the $1735 mark – Commerzbank

Gold (XAU/USD) is approaching the 2019-2021 uptrend line at $1735, which is predicted to carry the initial test, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. See – Gold Price Forecast: XAU/USD…

Market News
US Dollar Index Price Analysis: Another test of 92.40 not ruled out

US Dollar Index Price Analysis: Another test of 92.40 not ruled out

DXY advances to multi-day highs just above 92.00. Recent tops around 92.40 emerge on the horizon. DXY extends the positive mood beyond the 92.00 yardstick, recording at an equivalent time new multi-session peaks. If the buying impulse…

Market News
AUD/USD set to experience a mild correction lower – DBS Bank

AUD/USD set to experience a mild correction lower – DBS Bank

AUD/USD has been drifting lower albeit during a gentle controlled pace. Technically, support at 0.7670 has given way and there’s a near-term bearish head-and-shoulders top. this suggests we should always expect a near-term consolidation with…

Market News
Gold Futures: Further recovery in the pipeline

Gold Futures: Further recovery in the pipeline

Open interest in gold futures markets reversed the recent downtrend and rose by around 3.2K contracts on Friday considering flash figures from CME Group. Volume followed suit and went up by around 10.3K contracts, partially…

Market News
AUD/USD Price Analysis: Mildly bid above 200-HMA

AUD/USD Price Analysis: Mildly bid above 200-HMA

AUD/USD remains firmer inside a choppy range below 0.7600. Upbeat Momentum line, sustained break of 200-HMA favor buyers. Weekly horizontal line, immediate rising line increase the downside filters. AUD/USD stays high round the intraday peak of 0.7595, up 0.12% on each…

Market News
GBP/USD still seen between 1.3820 and 1.4020 – UOB

GBP/USD still seen between 1.3820 and 1.4020 – UOB

]In the opinion of FX Strategists at UOB Group, Cable remains expected to navigate within the 1.3820-1.4020 range for subsequent weeks. Key Quotes 24-hour view: “We highlighted yesterday GBP could ‘edge up to the 1.3980’ but we were…

Market News
Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium gradually overcomes three-month low, up for second positive day. 50% Fibonacci retracement, 100-DMA guards immediate upside, multiple horizontal lines test the bulls afterward. Late March low, 61.8% Fibonacci retracement restrict short-term downside. Palladium (XPD/USD)…