Technical Analysis
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EUR/USD Price Holds key 100-day SMA at start of the US CPI week
EUR/USD edges down to near 1.1610 as investors turn cautious at the start of the US CPI week. Market experts…
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AUD/USD Price Forecast: Consolidates around 0.7200; bullish potential seems intact
AUD/USD is seen consolidating at the start of a new week amid a combination of diverging forces. Hawkish RBA expectations…
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The CAD moves little despite weaker US Dollar, higher oil prices
USD/CAD may depreciate as rising crude prices could support the Canadian Dollar. Middle East tensions and Strait of Hormuz transit…
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XAU/USD falls below $4,400 as strong US jobs data raise the prospects for Fed rate hike
Gold price slumps to around $4,395 in Monday’s early Asian session. US NFP rose by 162K in August, stronger than…
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Lululemon Under Fire: Burry Bets on the Fallen Giant, but the Market Says “No”
Key takeaways Lululemon shares have fallen by 20 per cent following the worst results in the company’s history. Michael Burry,…
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Trade of The Day – USD/ZAR
Facts US core CPI inflation fell to its lowest level since February (2.5%) in July. The 3-month annualised average fell…
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Gold drops sharply following strong NFP
Highest employment growth since March renews expectations for a Fed rate hike in September The price of gold dropped by…
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Chart of The Day – EUR/USD Ahead of NFP. The Fed Caught Between Warsh and Waller
Friday’s EURUSD session is dominated by expectations ahead of the most important release of the week, the NFP report. Over…
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USD/CAD Price Forecast: 100-day EMA remains key hurdle
USD/CAD consolidates around 1.3790 as the US NFP data takes centre stage. Fed’s Waller said that recent data shows some…
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GBP strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
GBP/USD gains traction to near 1.3530 in Friday’s early European session. BoE Pill’s hawkish remarks underpin the British Pound. All…
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