FX

AUD/USD eases from intraday high while keeping corrective pullback from 21-day SMA. Bearish MACD, sustained break of 11-week-old trend line keeps sellers hopeful. AUD/USD takes the bids near 0.7711, up 0.33% intraday, during early Tuesday. The Aussie pair dropped to the lowest in two weeks the previous day after extending the downside break of an

Spot silver prices have for the most part been capped below the $25.00 mark in recent trade. Given US market closures amid MLK Day holidays, volumes are thin. Slight USD strength has done little to dent sentiment towards precious metals. Spot silver prices (XAG/USD) have for the most part been capped below the $25.00 mark

GBP/USD Price Analysis: Battles 1.3600 inside monthly rising wedge on 4H GBP/USD fails to keep the uptick beyond 1.3606, currently around 1.3590, during the initial Asian trading on Monday. The cable dropped to the lowest since January 12 on Friday but couldn’t slip beneath the 100-bar SMA. However, rising wedge formation on the four-hour (4H)

Gold is likely to open the week with intense selling pressure under the 200-day SMA. XAU/USD continues to struggle as the US dollar strengthens, downside eyes $1,800. Gold has retraced significantly after topping out at a nine-year high above $2,000 in August 2020. Recovery from the downtrend has proved to be an uphill battle for

Gold futures market suffered for another week as the US dollar gained. XAU/USD might revisit $1,800 if the short term support at $1,820 fails to hold in the coming week. Gold experienced intense selling pressure in the concluded trading week. The precious metal was not able to pick up momentum following the consistent growth of

USD has been strongly supported on what has shaped up to be a very much risk-off Friday. DXY has broken above a key downtrend and eyes a move towards 91.00. USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD

US equity markets closed Friday in the red, the second day of losses in a row. Friday saw quintessential risk-off trade; risk assets sold off and havens were bought on a variety of concerns. US equity markets closed the final trading day of the week in the red, the second day of losses in a row.

NYSE: PLTR has been on a recovery path and is set to extend its gains on Tuesday. A $30 target for Palantir Technologie Inc’s shares is the primary upside driver. The big data company still has room to recover from the December blow. Update: Palantir Technologies Inc (NYSE: PLTR) has been surging over 10% and trades

Gold Price Analysis: Bears testing bullish commitments at 200 dma Gold flirting with the 200-DMA as markets await Biden’s rescue plan. Further to the prior analysis, Gold Price Analysis: XAU/USD’s recovery at odds with the US dollar’s daily chart, the price of gold remains anchored. Rising rates continue to place a wet towel on gold

Spot silver has seen significant volatility in recent trade, though no fundamental news has caused this. Prices are up despite a stronger USD and was unaffected by underwhelming US jobless claims data. Market focus now turns to Fed Chair Powell and Biden’s fiscal stimulus announcement. Spot silver (XAG/USD) prices have seen significant upside in recent

GBP/USD Price Analysis: Bulls taking charge above critical long-term support structure GBP/USD setting up for a bullish continuation above monthly support. The 4-hour resistance needs to be overcome first. Bulls are now up through the monthly resistance. However, there is room for a significant retest of the new support structure, so the upside could well

WTI prices comes under pressure and loses the $53.00 mark. The API reported a 5.8 million barrel drop late on Tuesday. The EIA’s weekly report on crude supplies comes up next. The 2021 rally in crude oil prices remains well and sound for yet another session, with prices of the WTI trading at shouting distance

The US stock futures are little changed on Wednesday, with investors assessing the impact of rising US bond yields on markets and economy and awaiting additional stimulus measures amid political turmoil in Washington.  At press time, the futures tied to the S&P 500, Wall Street’s benchmark index, are sidelined near 31,000. The index saw two-way

COVID-19 infection rates remain elevated across Europe after the festive period while high-frequency data suggest a sharp fall in economic activity in Q1 as many countries are forced to reintroduce strict social distancing measures. According to economists at Standard Chartered, euro-area countries will have to accelerate vaccinations if they are to re-open their economies by

The dollar index hits multi-month highs above 90.50.  The US Treasury yields rise, crowding out dollar shorts. The dollar index looks set to challenge an SMA hurdle. The dollar index (DXY), which tracks the greenback’s value against majors, looks north as US Treasury yields rise, shaking out elevated shorts.  The 10-year yield has jumped to

The EUR/USD pair fell to 1.2146 this Monday, its lowest since December 21, as demand for the greenback persists. The decline is set to continue on yields’ strength, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Following a terrible Nonfarm Payroll report, the market mood soured, yet at the same time, hopes for fresh

AUD/USD stays depressed around the intraday low even as China prints welcome inflation figures for December. China’s CPI grew 0.2% YoY, PPI recovered to -0.4% on yearly format. Risks dwindle mid virus woes, Sino-American tension and US stimulus hopes. A light calendar in Asia keeps risk catalysts on the driver’s seat. AUD/USD ignores more than

Gold sold-off 2% on Friday, loses $56 on the week. XAU/USD could see a quick pullback before the downside resumes. Daily RSI has pierced through the midline, into the bearish zone. Gold (XAU/USD) recovered some ground into the weekly closing, although booked a 2% loss on Friday. The sell-off knocked-off the metal to the weakest levels