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AUD/USD: Extra weakness likely below 0.6425
AUD/USD resumes its decline and returns to the sub-0.6500 region on Thursday. The move lower in the pair comes despite the US Dollar accelerates its weakness to multi-day lows amid steady bets on a couple of interest rate cuts by the Federal Reserve. AUD/USD Technical Overview If sellers remain in control, AUD/USD might put its key 200-day SMA near 0.6430 to the test sooner rather than later. That said, the loss of that region could prompt spot to revisit the August troug

James Lee
2 days ago


AUD/USD keeps the constructive outlook above the 200-day SMA
AUD/USD reverses Tuesday’s marked decline and advances past the 0.6500 barrier on Wednesday. The recovery in the Aussie comes on the back of further selling pressure hurting the US Dollar and the generalised recovery in the risk-linked galaxy. Next of note around AUD will be the release of the jobs report in Oz on Thursday AUD/USD Technical Overview AUD/USD faces a strong contention zone around its critical 200-day SMA near 0.6420. Indeed, in case sellers push harder and

James Lee
3 days ago


AUD/USD: Door open to a challenge of the 200-day SMA
AUD/USD remains on the defensive ahead of the opening bell in Asia, hovering just below the 0.6500 hurdle after bottoming out near 0.6440, or multi-week lows, earlier in the day. The resurgence of US-China trade tensions weighed on the Aussie, leaving the door open to extra losses in the very near term. AUD/USD Technical Overview AUD/USD risks a probable descent to its critical 200-day SMA near 0.6420. That said, the continuation of the current bearish trend should face t

James Lee
4 days ago


Gold record run continues beyond $4,100
Gold preserve its bullish momentum to start the week and trades at a new record-high at around $4,100. The political drama in France, the uncertainty surrounding the US-China relations and the impact of the government shutdown allow Gold to remain attractive as a traditional safe-haven asset. XAU/USD Technical Overview From a technical point of view, the XAU/USD pair is bullish. In the daily chart, technical indicators resumed their advance within overbought levels after co

James Lee
5 days ago


EUR/USD Weekly Forecast: Political jitters boosting US Dollar demand
The EUR/USD pair edged lower and bottomed at 1.1542 on Thursday, ending the week in the red in the 1.1570 price zone on Friday. The US...

Yeonhyun Park
6 days ago


Gold plunges to $3,950 on broad US Dollar demand
Gold gives away part of the recent advance, receding from recent all-time tops, piercing the key $4,000 mark per troy ounce on Thursday....

James Lee
Oct 10


AUD/USD faces extra rangebound trade
AUD/USD manages to clinch modest gains on Wednesday amid the continuation of the strong upward trend in the US Dollar. The pair, in the...

James Lee
Oct 9


EUR/USD hovers around daily lows near 1.1650
EUR/USD remains on the defensive and navigates the lower end of its recent range near 1.1650, always on the back of the continuation of...

James Lee
Oct 8


Gold clings to strong gains near record high amid dovish Fed, safe-haven buying
Gold holds sizeable gains and stays comfortably above the $3,900 mark, near the all-time peak touched early this Monday. Uncertainty...

James Lee
Oct 7


AUD/USD rises to near 0.6600 as traders pare RBA dovish bets
The AUD/USD pair gains slightly to near 0.6605 during the European trading session on Friday. The Aussie pair moves higher as the...

James Lee
Oct 6


Gold recovers after flirting with $3,820
Gold remains on the back foot, although it manages well to bounce off the daily contention area around $3,820 per troy ounce. The yellow...

James Lee
Oct 3


EUR/USD trims gains, back to 1.1730
EUR/USD now faces some selling pressure, giving away part of its earlier advance and returning to the 1.1740-1.1730 band on the back of...

James Lee
Oct 2


AUD/USD surges above 0.6600 as RBA warns of upside inflation risks
The AUD/USD pair jumps to near 0.6600 during the European trading session on Tuesday. The Aussie pair has been trading strongly as the...

James Lee
Oct 1


AUD/USD jumps to near 0.6570 as US Dollar underperforms, RBA policy in focus
The AUD/USD pair trades 0.35% higher around 0.6570 during the European trading session on Monday. The Aussie pair trades firmly as the US...

James Lee
Sep 30


USD/JPY slips as US PCE data and tariff concerns curb Greenback’s momentum
The Japanese Yen (JPY) firms against the US Dollar (USD) on Friday, with USD/JPY taking a breather after a sharp two-day rally that had...

Yeonhyun Park
Sep 29


AUD/USD wobbles around 0.6600 ahead of key US data release
AUD/USD trades sideways around 0.6600 ahead of the release of the US data. Investors will closely monitor the US Initial Jobless Claims...

James Lee
Sep 26


EUR/USD drops below 1.1750 on renewed USD strength
EUR/USD stays under bearish pressure and trades below 1.1750 on Wednesday. Disappointing business sentiment data from Germany weigh on...

James Lee
Sep 25


AUD/USD recovers early losses as US Dollar struggles to extend upside
The AUD/USD pair claws back its early losses and rebounds to near 0.6590 during the European trading session on Monday. The Aussie pair...

James Lee
Sep 23


NZD/USD Price Forecast: USD bulls keep Kiwi pair below 200-day EMA
The NZD/USD pair slides to near 0.5855 during the late European trading session on Friday, the lowest level seen in 10 days. The Kiwi...

Yeonhyun Park
Sep 22


Canadian Dollar pares away more gains as US Dollar recovers ground
The Canadian Dollar (CAD) stumbled into a second straight day of declines on Thursday. The US Dollar (USD) continues to gain ground...

Yeonhyun Park
Sep 19
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