GBPUSD falls on Monday but bounces off a key downside target., – ForexLive
GBP/USD fell on Monday after peaking near the volatile area. 1.27159sellers appeared to cap the upside. The subsequent decline took the pair below several key technical levels. 100-bar moving average on 4-hour chart (1.2676), 100 hour moving average (1.2666),and 200 hour moving average (1.26244). Lows for the day were recorded at: 1.26164just before the upper […]
Gold price trades with modest losses, downside seems limited amid trade war fears – FXStreet
Gold prices are attracting some sellers as a rebound in US Treasury yields helps revive US dollar demand. Trade war fears and geopolitical tensions could help limit losses for safe-haven XAU/USD. Aggressive traders should be cautious as trading volumes have thinned out due to the US holiday. Gold prices (XAU/USD) fell during Thursday's Asian session, […]
Silver (XAG) Forecast: Eyes on 200-Day Moving Average as Downside Risks Grow – FX Empire
Daily US Treasury 10 Year YieldRising U.S. Treasury yields are also challenging silver's appeal. Despite the Fed's recent interest rate cuts, skepticism about extending dovish policy remains, especially given inflation expectations if fiscal policy stimulates economic activity. As yields rise, the opportunity cost of owning silver and other non-yielding assets increases, potentially discouraging investment unless […]
EUR/GBP Price Forecast: Extends downside, initial support level emerges below 0.8300 – FXStreet
EUR/GBP extended its decline to around 0.8310 in early European trading on Friday. The negative outlook on the cross remains as the RSI indicator is bearish and the price is below the 100-day EMA. The immediate resistance level appears at 0.8355. The first downside target is seen at 0.8290. Early in European trading on Friday, […]
Goldman Sachs: Caution on near-term EUR/USD downside despite weak momentum – TradingView
daily euro dollar Goldman Sachs emphasizes the need to be cautious about the short-term decline in the EUR/USD pair. Although momentum is weak, the European Central Bank is unlikely to shift to a more aggressive policy stance, which could support the euro in the short term. Important points: Limited ECB guidance: Despite an expected 25 […]
EUR/USD remains below 1.0900, further downside seems possible as the ECB decision looms – FXStreet
EUR/USD weakens as the ECB may cut interest rates by 25 basis points on key refinancing operations and deposit facilities. The dollar index is hovering around 103.35, the two-month high hit on Monday. Atlanta Fed President Rafael Bostic expects there will be just one more 25 basis point rate cut in 2024. EUR/USD remains in […]
Gold Price Forecast: XAU/USD drifts lower to near $2,650, potential downside seems limited – FXStreet
Gold prices lost momentum to around $2,650 in early Asian time on Monday. Gold prices fell due to weak Chinese economic indicators. US PPI report and Middle East geopolitical risks could support the yellow metal. Gold prices (XAU/USD) inched down to $2,650, ending a two-day winning streak in early Asian trading on Monday. Weak Chinese […]
EUR/USD Price Forecast: Path of least resistance appears to the downside – FXStreet
EUR/USD fell to near 1.0965 in early European trading on Monday. The bullish outlook for this pair looks fragile on the daily chart as the RSI indicator remains below the midline. The first support level is seen at 1.0881. The immediate resistance level is located at 1.1000. EUR/USD has been trading in negative territory for […]
EUR/GBP Price Analysis: Technical outlook favors the downside as selling pressure mounts – FXStreet
EUR/GBP has fallen further as buying pressure continues to subside. The latest price movements and technical indicators suggest that further declines are possible. 0.8380 will act as a strong barrier for sellers. On Thursday’s session, EUR/GBP fell below 0.8400, dropping slightly by 0.20%. On the technical side, the overall trend remains bearish amid intensifying selling […]
EUR/USD pares recent gains, poised for further downside – FXStreet
EUR/USD dipped below 1.1150 as bidders struggled to maintain balance. The breakdown in bullish market sentiment has given the US dollar some breathing room. Investors will be focused on EU and US inflation figures due to be released this weekend. EUR/USD pared recent gains and retreated to a new record high this year on Wednesday […]