XAG / USD moves higher as US inflation soars to its highest level in 30 years. XAG / USD was up $ 0.80 upon the release of the data. Real 5-year yields in the United States fall from -1.85% to -1.941%, weighing on the US dollar. The silver price (XAG / USD) moved sharply higher […]
Tag: IPC
Low flirts with rising channel confluence support and 200 hour average
USD / CAD fell to four-day lows during the European session. The setup favors bearish traders and supports the prospects for further losses. Investors await the release of US consumer inflation figures for further impetus. USD / CAD extended the previous day’s pullback from four-week highs and witnessed some selling during the first half of […]
Survey places Eurozone inflation just below target in 2022
The survey of professional forecasters of the European Central Bank (ECB) released on Friday showed that respondents forecast an increase in the coming years, while expecting inflation to be just below the central bank’s 2% target in 2022. In the publication, it is highlighted that respondents estimate on average that inflation in the Eurozone in […]
EUR / GBP continues to retreat from weekly highs and falls to 0.8445
EUR / GBP fell back on Friday and eroded some of the gains that followed the ECB. Expectations of interest rate hikes from the BoE turned out to be a key factor supporting the GBP. Eurozone: inflation and growth show higher figures than expected. The EUR / GBP remained weak in the European session and […]
AUD / USD declines from daily highs at 0.7535, hovering around 0.7510
Risk appetite sentiment surrounds financial markets, but Aussie resistance remains. US President Joe Biden agreed to push for an agreement in a meeting with lawmakers. Australia’s CPI figures rose more than expected, lifting AUD / USD towards daily highs at 0.7535. Durable goods orders from the US contracted less than expected, minimizing the impact on […]
AUD / USD cuts intraday gains, dips below 0.7500 amid risk tone
AUD / USD struggled to preserve its intraday gains and witnessed a turnaround on Wednesday. A modest pullback in equity markets benefited the dollar as a safe haven and put pressure. Falling US bond yields limited the rise in the USD and could help the pair suffer further losses. The pair AUD/USD it fell to […]
AUD / USD maintains gains driven by Australian CPI comfortably above 0.7500
A combination of factors pushed AUD / USD higher for the third day in a row on Wednesday. Risk appetite and stronger Australian CPI benefit AUD. A subdued USD price action does little to provide any momentum or stop the intraday bullish movement. The pair AUD/USD moving higher during the European session on Wednesday and […]
AUD / USD consolidates gains around 0.7500
AUD / USD flirts with 0.7500, as bulls celebrate risk appetite in the markets. The US dollar remains firmer, limiting the pair’s upward attempts. All eyes are on consumer confidence data from the US CB and the Australian CPI. The AUD/USD is moving higher during the European session on Tuesday, recovering the level of 0.7500, […]
Corrective pullback could be seen as a buying opportunity
A combination of factors triggers some selling around GBP / USD on Wednesday. The UK’s softer CPI figure weighs on the GBP amid a modest pickup in USD demand. The technical configuration supports the outlook for lower level buying. The GBP / USD pair has fallen to fresh daily lows, around the 1.3750 region during […]
USD / CAD near multi-month lows around 1.2350 ahead of Canadian CPI
USD / CAD lacks a firm directional bias and remains trapped in a range on Wednesday. The rally in US bond yields revives demand for the USD and offers some support for the pair. A modest decline in crude oil prices weighs on the CAD ahead of the Canadian CPI report. The pair USD / […]
