USD/JPY Price Outlook: Continues to find support from the 20-day EMA before US NFP
The Japanese Yen (JPY) is strengthening against the US Dollar (USD) as we approach the release of the Nonfarm Payrolls (NFP) data for September in the United States, scheduled for 12:30 GMT. During European trading, the USD/JPY pair fell by 0.3% to about 157.60, influenced by the weakness of the US Dollar. The US Dollar […]
USD/JPY Price Prediction: 20-day EMA remains a significant obstacle
The Japanese Yen (JPY) has seen an uptick against the US Dollar (USD) on Wednesday, with the USD/JPY pair declining by 0.1% to around 159.00. This strengthening comes as speculation grows that the Bank of Japan (BoJ) will increase its policy rates by 25 basis points (bps) to 1.25% in the upcoming September meeting. Analysts […]
Gold Price Outlook: XAU/USD remains under 20-day EMA, likely to decline further below $3,940
Gold prices (XAU/USD) dropped by 0.7%, hovering around $4,030 during Thursday’s European trading session. Precious metals are under pressure from selling as inflation worries persist worldwide, especially with rising energy prices linked to heightened military tensions between the U.S. and Iran. On the same day, a drone struck an oil tanker at Iraq’s Basra terminal, […]
AUD/USD Price Outlook: 20-day EMA remains an important hurdle
Market Update on AUD/USD and Inflation Concerns On Tuesday in European trading, the AUD/USD pair saw a 0.35% increase, trading at approximately 0.6945. This rise in the Australian dollar came as the US dollar struggled against other currencies, particularly ahead of the release of the Consumer Price Index (CPI) data for June, expected at 12:30 […]
EUR/USD Price Outlook: 20-day EMA serves as a crucial obstacle close to 1.1460
EUR/USD Trading Update On Monday morning in Europe, the EUR/USD pair dipped slightly to about 1.1428. Major currency pairs are experiencing some selling pressure as the US dollar gains strength following a disappointing weekly close. During late trading in Asia, the US dollar index (DXY), which gauges the dollar’s performance against six major currencies, was […]
USD/CAD Price Outlook: A potential dip to the 20-day EMA could present a buying chance
USD/CAD Currency Pair Update The USD/CAD pair showed a lackluster performance around 1.4175 during European trading on Friday. The Canadian dollar, or loonie, has been on a downward trend as the US dollar feels selling pressure following the Federal Reserve’s recent move away from a hawkish stance. During European trading, the US Dollar Index (DXY), […]
EUR/USD Price Outlook: Difficulty in reclaiming 20-day EMA, focus on Fed policy
Market Update: EUR/USD and Federal Reserve Insights During European trading on Tuesday, EUR/USD dipped slightly to around 1.1580. Other major currency pairs also fell, reflecting a rise in the US dollar as traders anticipated the Federal Reserve’s monetary policy announcement scheduled for Wednesday. At this moment, the US Dollar Index (DXY), which gauges the dollar’s […]
GBP/USD Price Prediction: US-Iran agreement helps push beyond 20-day EMA
During late trading in Asia on Monday, the GBP/USD pair rose by 0.35%, hovering around 1.3460. The British pound, often referred to as “cable,” is continuing its upward trend for another week, fueled by improving market sentiment after a recent deal between the US and Iran. At this moment, S&P 500 futures had increased by […]
EUR/USD Price Outlook: 20-day EMA continues to be an important hurdle amid ongoing uncertainty in Iran
On Wednesday in Europe, the EUR/USD pair climbed slightly, hitting around 1.1640. The major currency pairings are showing a gradual uptick, with the euro maintaining its position amidst ongoing uncertainty tied to the U.S.-Iran agreement. Concerns about the U.S.-Iran deal have intensified after Tehran criticized the “defensive strikes” carried out by the U.S. Central Command. […]
Gold Price Outlook: Short-term sentiment stays negative as 20-day EMA trends downward
Gold Prices Decline Amidst Firm Treasury Yields Gold prices (XAU/USD) dropped by 0.55% to approximately $4,540 during European trading on Tuesday. The yellow metal is facing downward pressure as U.S. Treasury yields remain robust, fueled by expectations that the Federal Reserve will hold interest rates steady for the remainder of the year. At this moment, […]