Technical Analysis
Energies, Technical Analysis
WTI slips below $85.00 as traders take profits before new US sanctions on Iran
West Texas Intermediate (WTI) oil price depreciates after two days of gains, trading around $84.80 per barrel during the Asian hours on Monday. Crude oil prices decline as investors took profits ahead of an expected US announcement regarding stricter sanctions against Iran. US Treasury Secretary Scott Bessent stated that Washington plans to impose the “toughest” […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Gold gains momentum above $4,600 on US Treasury buyback plans
Gold price (XAU/USD) gains traction to around $4,625 during the early Asian trading hours on Monday. The precious metal climbs to the highest since May 15 as the US Treasury’s buyback support plan weighs on the US Dollar (USD). US Treasury Secretary Scott Bessent said on Thursday the government could increase bond buybacks beyond $4 billion, […]
by Currency Hedger
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- 2 months ago
CAD, Technical Analysis, USD
Canadian Dollar bears seem hesitant as weak USD counters US-Canada trade war
The USD/CAD pair struggles to capitalize on a bullish gap opening on Monday, though it retains an intraday positive bias amid concerns about a deepening US-Canada trade war. Spot prices currently trade just below the 1.3800 mark, up nearly 0.30% for the day, and, for now, seem to have snapped a three-day losing streak to a three-month […]
by Currency Hedger
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- 2 months ago
JPY, Technical Analysis, USD
Japanese Yen advances on BoJ rate hike bets, subdued US Dollar
USD/JPY extended its losses for the second straight day after intraday volatility, trading around 158.80 during Asian hours on Monday. The pair declines as the Japanese Yen (JPY) gains ground on stronger-than-expected inflation data, which accelerated for a second straight month. Rising price pressures bolster expectations that the Bank of Japan (BoJ) could raise interest rates as […]
by Currency Hedger
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- 2 months ago
Currency Talk, Technical Analysis
United States Dollar Index softens below 99.00 on US fiscal concerns
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.80 in the Asian trading hours on Monday. The DXY declines to near three-month lows as a market unsettled by the US Treasury’s promise to buy back more long bonds. US Treasury Secretary Scott Bessent […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
XAG/USD holds bullish below $70.00/two-month high set on Friday
Silver (XAG/USD) seesaws between tepid gains and minor losses around the $69.00 mark through the Asian session on Monday. The white metal, however, remains within striking distance of a two-month high, around the $70.00 psychological mark touched on Friday, and seems poised to appreciate further. The XAG/USD holds a near-term bullish bias following last week’s breakout […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Gold hits three-month peak above $4,600 as Middle East risks fuel rally
Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold. The XAU/USD trades at […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Silver Price Forecast: XAG bulls test $70 as rally extends
Silver (XAG/USD) prices rally for the third straight day on Friday, up more than 2% and, for the week, gains over 7.40%, as a firm US Dollar (USD) is not an excuse for precious metals buyers, who are choosing flight-to-quality over haven demand due to the difficult US fiscal stance. The XAG/USD pair trades at $69.50 […]
by Currency Hedger
- 0 Comments
- 2 months ago
NZD, Technical Analysis, USD
New Zealand Dollar extends rally as fading Fed-hike bets soften US Dollar
The New Zealand Dollar (NZD) extends its rally against the US Dollar (USD) on Friday, trading near 0.6000 and close to its highest level since end-May. Flash S&P Global PMIs released on Friday showed private-sector activity accelerating, led by a strong Services reading that beat expectations, though Manufacturing slipped and missed forecasts. Yet the upbeat […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Bulls test 1.1700 as RSI turns overbought
EUR/USD heads for a fourth consecutive weekly gain on Friday, although it has erased its earlier intraday advance. At the time of writing, the pair trades around 1.1682 after briefly rising above 1.1700, its highest level since May 14. Strategists at Scotiabank note that the “solid gains in the EUR this week largely reflect a broadly lower USD.” […]
by Currency Hedger
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- 2 months ago