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EUR/USD and EUR/GBP Drop to Key Support Levels
Euro, EUR/USD, RSI Divergence – Technical Update:Euro closed at its lowest in almost 3 monthsEUR/USD close to ending dominant uptrendEUR/GBP once again approaching support
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Australian Dollar Falls as GDP Slows; How Much More Downside for AUD/USD?
AUD/USD, Australian Dollar, RBA, GDP – Talking Points:The Australian economy slowed in Q2, but less than expected.AUD/USD declined after the data release and is now testing key support.What’s next for AUD/USD?
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Mexican Peso retreat appears fading near 17.45 key technical level
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USD/MXN braces for the second consecutive weekly loss as bulls prod key resistance lines.…
Worst Day in Over a Month and Retail Traders are Less Bearish
Gold, Retail Trader Positioning, Technical Analysis – IGCS UpdateGold prices fell the most in over one monthRetail traders turned less bearish on MondayDoes this bode ill for XAU/USD next?
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Oil Trades Higher as Saudi, Russian Supply Cuts Extend Until Year End
Brent Crude, WTI Oil News and AnalysisAnnouncement of extended production cuts reignites bullish momentumBullish catalyst attracts lofty price targets for Brent and WTIOverheating concerns appear with the RSI entering overbought…
XAU/USD closed below $1,930 amid USD strength
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XAU/USD lost more than 0.60%, falling to the $1,925 area.
The US DXY index rose to its highest…
AUD/USD in Peril as Sentiment Data Signals Weakness
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Most Read: Japanese Yen Forecast: USD/JPY Blasts Off as Broader US Dollar Breaks…
Euro tumbles amid slowing EU’s business activity, drops below 1.0800
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EUR/USD pair fell to 1.0726, down 0.63%, as the Eurozone Producer Price Index and PMI data weakened…
USD/JPY Blasts Off as Broader US Dollar Breaks Out
USD/JPY KEY POINTSThe U.S. dollar, as measured by the DXY index, gains on soaring yields, boosting USD/JPY to its higher level since November 2022The fundamental picture remains negative for the Japanese yen against the U.S. currencyThis…
Event Guide: China’s CPI Reports (August 2023)
In a few days, China will publish its August inflation reports.Will it lead to more concerns over the economy’s growth?
Let’s talk about what the markets are expecting and how the report can impact the Australian dollar:
Event in…