Joshua

AUD/USD fell to test a key technical zone on the daily chart. AUD/USD bears are eyeing a test below the trend line and a move below 0.6640/50 could be significant. The AUD/USD pair came under pressure and fell 0.14% at the close on Wall Street following the previous day’s Reserve Bank of Australia (RBA) meeting, […]

Things to watch out for on Wednesday, December 7: The markets financiers maintained their risk aversion, which helped the US dollar advance on Tuesday. The US currency gave up some ground during the first half of the day but gained momentum after the Wall Street open as US indices fell for the fourth session in […]

WTI bulls could be about to take action after the strong move lower. Concern over the US Recession is affecting financial markets and creating a state of risk aversion. West Texas Intermediate crude It is down over 4% so far today, slipping back into downtrend and in front of what was momentarily a countertrend line. […]

Silver price falls below $22.14 amid general USD strength. Silver Price Analysis: A break below $22.00 would aggravate the test of a symmetrical triangle breakout around $21.80. the price of silver fell from daily highs reached at 22.59, testing current week lows of $22.14 on speculation that the Federal Reserve (Fed) would continue to tighten […]

On the 4-hour chart, we can see that the price is forming a head-shoulder pattern. A break of the 1.2150 structure is required to move on to test trend line support and commitments at 1.2100. If the bulls were to commit, the case for a bull cycle top would be in the offing with 1.2450 […]

The dollar fails to take advantage of a state of risk aversion caused by falling US bond yields. The recently released US economic data would keep the Federal Reserve tightening its monetary policy. USD/JPY Price Analysis: Bullish bias, but could consolidate around 135.00/136.00. The USD/JPY remains under pressure in the North American session, spurred by […]

The Bank of Canada will announce its monetary policy on Wednesday. The loonie is the worst performing G10 currency this Tuesday. USD/CAD rises for the fourth day in a row and is heading for its highest close in a month. The USD/CAD it continued to rise during the American session amid risk aversion and the […]

The US trade balance shows a widening of the deficit, which is a headwind for the dollar. Factory Orders in Germany kept the euro afloat amid a gloomy outlook. The December meetings of the Federal Reserve and the European Central Bank will keep the pair in known ranges. EUR/USD Price Analysis: Trending up, but pullback […]

AUD/USD pares gains as US dollar turns positive on risk aversion. The RBA raises rates 25 basis points, as expected. Australia will report third-quarter GDP growth on Wednesday. The AUD/USD rises modestly on Tuesday, recovering a small part of Monday’s losses. The recovery from below 0.6700 found resistance below 0.6750. The US dollar posts mixed […]

Dr. Ralph Solveen, Senior Economist at Commerzbank, offers a brief analysis of the upbeat data release from Germany earlier this Tuesday, which showed Factory Orders rose 0.8% in October. Notable Statements: “The order trend remains downward despite the October increase. This is also supported by the results of the IFO survey, in which companies revised […]