USD/CAD trades sideways below 1.3700 ahead of the US inflation data for May. The US CPI data will influence market expectations for the Fed’s monetary…
Potential Signal: If we can break above the ¥177 level, I think at that point in time you could see the Swiss franc jump to…
European Central Bank (ECB) Chief Economist Philip Lane said on Wednesday that the rate cut announced last week will guard them against any uncertainty about…
The USD/MXN came within sight of the 19.00000 momentarily during its trading yesterday, and even though a reversal higher has taken place the currency pair…
Today, the foreign exchange market is awaiting the week’s key data: the US inflation figures for May. Since the beginning of the pandemic, the reasoning…
The USD/ZAR is trading within the lower realms of its near-term technical charts as financial institutions globally seem to be waiting for the potential of…
EUR/JPY has broken above key technical resistance at 164.60, regaining upward momentum after months of consolidation. The pair now trades firmly above its 50-day moving…
Today’s Gold Analysis Overview: The overall Gold Trend: Bullish. Today’s Gold Support Levels: $3310 – $3255 – $3180 per ounce. Today’s Gold Resistance Levels: $3355…
Increasing momentum suggests further upside pressure; the major resistance at 0.6555 is likely out of reach. In the longer run, bias remains on the upside,…
EUR/USD Analysis Summary Today Overall Trend: Bullish. Today’s Euro-Dollar Support Levels: 1.1375 – 1.1300 – 1.1220. Today’s Euro-Dollar Resistance Levels: 1.1460 – 1.1520 – 1.1600.…