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Market Analysis (Page 16)

2024-02-26
USDJPY bulls lack momentum as US, Japan inflation clues loom

USDJPY rose in the last four consecutive weeks even if the US Dollar Index (DXY) snapped a five-week uptrend.

2024-02-23
200-SMA tests EURUSD’s biggest weekly gain in nine

EURUSD seesaws between a one-week-old rising support line and the 200-SMA resistance.

2024-02-21
Gold buyers attack 50-SMA with eyes on Fed Minutes

Gold price remains firmer for the fifth consecutive day while extending the previous week’s rebound.

2024-02-20
USDCAD picks up bids within rising wedge ahead of Canada inflation

USDCAD prints a three-day winning streak despite mildly bid Oil price.

2024-02-19
AUDUSD probes month-long bearish channel on China’s return

Market sentiment improved early Monday as China returned to trading after a week-long Lunar New Year holiday.

2024-02-16
USDJPY recovers within two-month-old rising wedge

USDJPY snaps a two-day losing streak early Friday. Moreover, the pair remains on the bear’s radar despite the latest recovery move.

2024-02-15
EURUSD rebound appears elusive, ECB’s Lagarde, US Retail Sales eyed

EURUSD struggles to defend the previous day’s corrective bounce from a three-month low early Thursday.

2024-02-14
GBPUSD bears keep 1.2500 on radar, UK inflation eyed

GBPUSD licks its wounds around 1.2600 early Wednesday as traders await the UK inflation clues for January.

2024-02-13
Gold teases sellers above $2,000 as US inflation looms

Gold price stays pressured for the fifth consecutive day, licking its wounds around $2,018 early Tuesday.

2024-02-12
NZDUSD bulls can ignore recent pullback

NZDUSD drops the most among the G10 currency pairs while reversing the previous weekly gains.

2024-02-09
GBPUSD struggles with support-turned-resistance to pare weekly loss

GBPUSD snapped a two-day winning streak on Thursday while retreating from a previous support line stretched from November 22.

2024-02-08
Gold again retreats from 200-SMA but bears need validation from $2,020

Gold price fades bounce off a two-month-old rising support line, failing to cheer the US Dollar’s weakness.