GBP/USD sustains rise above 1.2500
The Pound Sterling (GBP) gets some relief and advances against the US Dollar (USD) in thin trading due to US markets being closed during Thanksgiving. Nevertheless, the GBP/USD has risen to a ten-week high and trades above the 1.2500 figure for the fourth consecutive day. GBP/USD’s advance is courtesy of positive economic data in the […]
WTI Oil is facing a firm downturn in the coming trading day
Oil prices are falling like a rock at the US trading session as markets are repricing recent string of events. The recent repricing is granted after a ceasefire between Israel and Palestine and the overnight numbers from the American Petroleum Institute revealed a very substantial build in US stockpiles. These key elements are enough to […]
EUR/JPY comes under extra pressure and approaches 161.00
EUR/JPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday. Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07. So far, the […]
The Greenback opens Thanksgiving week in the red at a fresh two-month low
The US Dollar (USD) is kicking off this festive week in the red while US traders are compiling their wish list for the Black Friday deals ahead of the turkey dinner on Thursday. The US Dollar Index (DXY) has snapped some substantial technical indicators that hold big relevance as support or resistance. With a very […]
Silver attracts some buyers for the fifth successive day on Friday
Silver (XAG/USD) gained positive traction for the fifth successive day on Friday and remains well within the striking distance of its highest level since September 4 touched the previous day. The white metal currently trades just below the $24.00 mark and seems poised to build on this week’s solid bounce from a four-week trough. From […]
EUR/JPY clinches new highs past 164.00
EUR/JPY advances further north of the 164.00 level and prints new yearly highs on Thursday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 164.30 (November 16) is expected to face the next significant resistance level not before the 2008 top […]
USD/CAD finds support near 1.3660
The USD/CAD pair finds an intermediate support near 1.3660 as the US Census Bureau has reported that Retail Sales declined by a slower pace in October. Monthly Retail Sales contracted slightly by 0.15 against expectations of a 0.3% decline. Consumer spending was gained by 0.7% in September. Monthly Retail Sales ex-autos rose by 0.1% while […]
USD/CAD could achieve the 1.3850 psychological level
USD/CAD bids higher around 1.3820 during the early European session on Tuesday, followed by the immediate resistance region around 1.3850 lined up with the previous week’s high at 1.3854 level. The 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating upward support. This signals a bullish momentum and reflects a robust market […]
EUR/JPY climbs to new YTD peaks past 162.00
EUR/JPY manages to clear the 162.00 hurdle and print fresh 2023 tops at the beginning of the week. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 162.36 (November 9) is expected to face the next significant resistance level not before […]
The Silver’s spot price XAG/USD is down by more than 1%
At the end of the week, the XAG/USD plunged toward $22.30 and will close a 3% weekly loss, mainly driven by the US Dollar and yields recovering through the week, which pushed the metal’s price downwards. After the Greenback weakened following the Federal Reserve (Fed) held rates steady last week, which markets interpreted as the […]
