FX Analysis
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GBP/USD Price – Slides below 1.3250 after failing to break through 23.6% Fibo.
GBP/USD attracts fresh sellers on Wednesday as traders await speeches from central bank chiefs. The broader technical setup favors bearish...
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Technical Analysis – EUR/USD
Since mid-April, the EUR/USD pair has been trending downward. Recently, new lows were set and the March lows were broken,...
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Indian Rupee ticks down against US Dollar, US data in focus
The Indian Rupee edges down against the US Dollar as investors shift focus to an array of US data. Lower...
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GBP/USD Price – Retreats from one-week top as USD firms; 1.3300 holds the key
GBP/USD meets with a fresh supply and snaps a three-day winning streak to a one-week high. The US-Iran uncertainty and...
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USD/CAD Price – Holds gains above 1.4200, bullish trend intact despite overbought signals
USD/CAD gains momentum to near 1.4235 in Tuesday’s early European session. The pair keep the bullish vibe, but further consolidation...
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EUR/USD Price – Looks to extend intraday descent below 1.1400 on firmer USD
EUR/USD meets with a fresh supply as Iran risks and hawkish Fed bets revive USD demand. Receding bets for a...
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GBP/USD Price – Pound keeps looking for direction around 1.3200
GBP/USD remains flat at 1.3200, halfway through the last two weeks' trading range. Investors' appetite for risk remains subdued amid...
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USD/CAD Price – Holds losses below 1.4200 within overbought zone
USD/CAD may rebound toward the initial barrier at the 14-month high of 1.4248. The 14-day Relative Strength Index of 75.3...
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Indian Rupee flattens while focus shifts to US-Iran talks in Oman
The Indian Rupee trades calmly near 94.35 against the US Dollar ahead of US-Iran talks and NFP data. Iran stresses...
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EUR/JPY Price – Gains above 184.00, but bearish technical bias persists below 100-day SMA
EUR/JPY gains traction around 184.20 in Monday’s European session. The negative outlook for the cross prevails under the key 100-day...
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