Joshua

Metals receding before the dollar rises throughout the market. Gold pulls away from recent highs above $1,780 and tests $1,760. Wall Street futures in the red, general correction in progress. The Prayed it is falling for the second day in a row, and is away from the three-month high it hit on Tuesday at $1,786. […]

USDCAD gains ground for the second day in a row and is supported by a combination of factors. Weakening oil prices are weighing on the CAD and acting as a tailwind for the pair amid a rebound in dollar demand. Traders now await the US macroeconomic releases and Fed statements for further impetus. The pair […]

EURUSD has held below the 200-day moving average at 1.0419 after the ECB reported yesterday that could reduce the pace to 50 basis points in December. Therefore, Société Générale economists report that the path to a higher Euro could be blocked. Core inflation will probably recede before mid-2023 “The probability of a drop to 50 […]

GBPUSD is coming under some selling pressure amid a modest rebound in demand for the dollar. The rally in US bond yields and cautious markets benefit the dollar. The decline looks limited as traders look forward to the UK government’s financial plan. The pair GBPUSD pulls back sharply from the daily high of 1.1958 and […]

The dollar picks up pace throughout the market in the run-up to the American session. EURUSD falls back after failing to hold above 1.0400. Ahead: US jobless claims data. The EURUSD was trading above 1.0400 at the start of the European session, but then lost strength and recently marked intraday lows at 1.0334. The bias […]

Chancellor Jeremy Hunt will come under special scrutiny when he delivers his statement to the House of Commons today. Although the autumn statement could restore confidence in the markets, the negative arguments for the GBP remain validreport Commerzbank economists. Hunt’s room to address the impending recession with fiscal measures is very limited “Hunt will have […]

The silver market falls to a 1-week low on Thursday, but finds support above the $21.00 level. The mixed technical setup warrants some caution before opening aggressive directional positions. A convincing break below the $21.00 level is needed to support the prospects for further losses. Silver (XAGUSD) extends this week’s pullback from five-month highs and […]

The dollar index (DXY) has been trading sideways since the start of the week. In the opinion of economists commerzbankthe USD slide is likely to have come to an end. Levels around 1.04 are the new comfort level in EURUSD “The USD slide can be considered to be over. Some people may not have realized […]

This is what you need to know to trade today thursday november 17: Although geopolitical tensions appear to have increased, investors remain cautious early Thursday and major currency pairs trade in tight ranges. The Dollar Index is holding steady above 106.00 and the 10-year US Treasury yield is quiet around 3.7%. Eurostat will publish the […]

In light of the recent price action, the GBPUSD could try to consolidate in the short termaccording to economist Lee Sue Ann and market strategist Quek Ser Leang of the UOB Group. Featured Comments 24 hour view: “We highlighted yesterday that GBPUSD is unlikely to strengthen further” and expect it to “trade sideways between 1.1800 […]