USD/CAD Price Forecast: Falls to near 1.4250 near nine-day EMA support
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Falls to near 1.4250 near nine-day EMA support
USD/CAD depreciates after two days of gains, trading around 1.4260 during European hours on Tuesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The USD/CAD pair is extending its advance while holding above both the nine- and 50-period Exponential Moving […]
by Currency Hedger
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- 4 weeks ago
EUR, Market Analysis
Euro trims losses amid a softer USD, with upside attempts likely to remain shallow
The Euro (EUR) shows moderate gains on Tuesday, rather due to the US Dollar’s (USD) weakness than intrinsic Euro strength. The EUR/USD pair trades at 1.1194 after bouncing from 17-month lows near 1.1150 on Monday, but the broader bearish trend remains intact, following a 3.5% decline in a five-week sell-off, amid concerns about France’s fiscal […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
Gold bulls seem hesitant below $4,200 as hawkish Fed offset USD weakness
Gold (XAU/USD) retains a mildly positive bias through the first half of the European session, though it remains capped below the $4,200 mark and the top boundary of a two-week-old trading range. The US Dollar (USD) retreats from its highest level since April 2025 amid some profit-taking, offering support to the precious metal. However, the US […]
by Currency Hedger
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- 4 weeks ago
AUD, Market Analysis, Technical Analysis, USD
AUD/USD Price Forecast: Declining 20-day EMA builds case for more downside
The Australian Dollar (AUD) is marginally higher at around 0.6960 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair edges up as the US Dollar comes under pressure due to a decline in United States (US) Treasury Yields ahead of the Consumer Price Index (CPI) data for September, which […]
by Currency Hedger
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- 4 weeks ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Awaits 110.00 break as Yen strength validates bearish setup on H4
The AUD/JPY cross comes under some renewed selling pressure on Tuesday and retreats further from the 110.65 resistance zone, retesting the previous day. Spot prices slide to a fresh daily low during the early European session, with bears now awaiting a break below the 110.00 mark before positioning for further losses. Traders remain on high […]
by Currency Hedger
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- 4 weeks ago
Dankse Bank, Institutional
Equities: Rotation out of AI as breadth stays positive – Danske Bank
Danske Research Team highlights that global equities finished broadly flat, masking notable rotation as investors cut AI and semiconductor exposure. Europe and defensive sectors outperformed, with consumer staples leading. Despite a marginal S&P 500 decline, breadth remained strong and the equal-weighted index outperformed, challenging narratives of narrow US leadership signalling an imminent broader correction. AI […]
by Currency Hedger
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- 4 weeks ago
CommerzBank, Institutional
Indian Rupee: RBI support points to softer pair – Commerzbank
Commerzbank’s India section notes September CPI at 5.5% year-on-year, above August and near breaching the RBI’s target band, with risks skewed to the upside from Oil, INR weakness and El Niño. The authors flag RBI’s recent FX measures that strengthened the Indian Rupee and suggest USD/INR could ease back toward the 94–96 range in the […]
by Currency Hedger
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- 4 weeks ago
ING, Institutional
Oil: Market focuses on Persian Gulf risks – ING
ING strategists Warren Patterson and Ewa Manthey note that Oil prices remain supported as traders focus on Middle East and Persian Gulf supply risks rather than the Russia-Ukraine energy ceasefire. Brent has pushed back toward $107/bbl, while hurricane-related disruptions in the Gulf of Mexico and Saudi plans to expand pipeline capacity add further supply-side complexity […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Approach Four-Year Lows as Supply Outpaces Steel Demand
Iron ore prices remain under significant pressure as abundant global supply, elevated Chinese port inventories and easing freight costs reinforce the bearish outlook for the steelmaking raw material. With mining companies increasing shipments and global steel demand facing renewed uncertainty, the market risks further downside unless Chinese consumption improves or supply growth begins to moderate. […]
by Currency Hedger
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- 4 weeks ago
IMF Upgrades 2026 Global Growth Forecast
The IMF raised its 2026 global growth forecast by 0.1 percentage points to 3.1%, with growth projected to rebound to 3.4% in 2027, according to its October 2026 World Economic Outlook. Resilient advanced economies and increased AI investment underpin the upgrade, although growth is expected to slow from 3.5% in 2025 as high energy prices […]
by Currency Hedger
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- 4 weeks ago