Joshua

The aggressive comments from Fed spokespeople soured sentiment and bolstered the US dollar. Risk aversion weighed on riskier currencies in the currency space, such as the Australian dollar. US housing data disappointed, while jobless claims fell below estimates, suggesting labor market tightness. AUDUSD Price Analysis: Still neutral-bullish bias, but pullback could extend towards 0.6500 before […]

EURUSD bears are watching for a break of the key daily trend line support of the critical resistance zone. Dollar bulls are moved by the Fed’s outlook, which is hawkish. The EURUSD it is struggling, down 0.5%, having fallen from a high of 1.0406 to a low of 1.0305. US Treasury yields rose on Thursday […]

More aggressive comments from Federal Reserve officials undermine gold prices. Claims for unemployment benefits in the United States decreased compared to last week’s data. The US housing market continues to deteriorate as the Federal Reserve tightens its monetary policy. Gold dips below $1753 which would pave the way towards the 100 DMA. the price of […]

Aggressively, comments from Federal Reserve officials propped up the dollar. US economic data was mixed, as jobless claims fell, while housing data paints a bleak picture. The Canadian Consumer Price Index on Wednesday failed to support the Loonie. USDCAD Price Analysis: Head and shoulders pattern intact unless exchange rates break above 1.3500. The Loonie (CAD) […]

The Mexican peso trims weekly gains against the dollar. Falling equity markets weigh on emerging market currencies. USDMXN falls seem limited as long as it is above 19.30. The USDMXN it rose from 19.30 and reached a high of 19.47, the highest level in three days during the American session on Thursday, boosted by a […]

The index extends the rebound, breaking the barrier of 107.00. Rising US yields also underpin the dollar’s rally. The Philadelphia Fed index worsened to -19.4 for the current month. The dollar regains strength and advances to the area above the 107.00 barrier, close to weekly highs, when measured by the USD index (DXY) Thursday. USD […]

The pound is among the worst performers of the G10 after the autumn budget. The dollar remains strong despite the mixed US economic data. GBPUSD pared its weekly gains on Thursday and moved away from three-month highs. The pair GBPUSD it continued to fall during the American session and bottomed out at 1.1760. She then […]

EURUSD corrects to moderate lower after recent strength. Next support lies at the 100-day SMA near 1.0020. The EURUSD comes under pressure after two consecutive daily rallies and pulls back to the 1.0300 level on Thursday. The pair’s inability to close above the 1.0400 level coupled with the proximity of overbought territory seems to have […]

The President of the Federal Reserve Bank of St. Louis, James Bullardsaid on Thursday that the minimum level for a tight policy rate from the Federal Reserve (Fed) would be 5% to 5.25%as reported by Reuters. Featured Statements “Once the disinflation process begins, it could move quickly as companies compete to maintain market share.” “Recent […]

AUDUSD attracts new sellers on Thursday amid a strong rebound in demand for US dollars. Rebound in US Treasury yields, momentum from risk aversion propels dollar as a safe haven. The fundamental background supports the prospects for a further depreciation move for the AUDUSD. AUDUSD comes under strong selling pressure on Thursday and extends the […]