Technical Analysis
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Chart of The Day – USD/JPY
The Bank of Japan left its short-term interest rate unchanged at 0.5% and unanimously maintained the existing bond purchase reduction schedule…
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XAU/USD struggles to gain any meaningful traction; remains on the defensive below $3,400
Gold price lacks firm intraday direction as traders keenly await the crucial FOMC decision. Fed rate cut bets keep the…
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USD/CAD Sees more downside towards 1.3400
USD/CAD consolidates around 1.3575, with investors awaiting the Fed’s monetary policy. The Fed is expected to keep interest rates steady…
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AUD advances as US Dollar loses ground ahead of Retail Sales
The Australian Dollar rebounds, trimming daily losses as concerns over Israel-Iran tensions ease. Iran asked many countries, including Oman, Qatar,…
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XAG/USD trades below mid-$36.00s; bullish potential seems intact
Silver edges higher on Tuesday, though it remains confined in a multi-day-old range. The bullish technical setup supports prospects for…
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Gold price faces rejection near $3,400 amid some USD buying; lacks follow-through
Gold price struggles to capitalize on an Asian session move above the $3,400 mark. A modest USD strength turns out…
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USD/INR slides below 86.00 as Empire State data signals deeper US slowdown
The Indian Rupee recovers after two days of losses, tracking a weaker US Dollar Index. Fresh trade data and easing…
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GBP/USD rebounds above 1.36 as Israel-Iran conflict deepens, Dollar weakens on risk shift
GBP/USD climbs 0.27% to 1.3600 after dropping to 1.3515 on Friday amid Middle East tensions. Israel-Iran hostilities escalate, keeping markets…
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Trade of The Day – DAX 40
The German index is testing a support level above the 23,200-point zone The market reaction to the escalation of conflict in…
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Chart of The Day – EUR/USD
EURUSD reapproaches key resistance near 1.16 despite speculated options market correction and higher U.S. interest rates. However, the European Central Bank…
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