Forex
USD/INR softens ahead of Indian PMI releases
The Indian Rupee gains ground in Monday’s Asian session. Fresh foreign and USD inflows support the INR. The preliminary readings…
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GBP/USD slips as trader war fears, central bank uncertainty weigh
GBP/USD falls from a daily high of 1.2969 amid a risk-off mood and persistent US Dollar strength. BoE and Fed…
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EUR/USD extends losses but 100-200 SMA crossover offers support
EUR/USD was seen trading around the 1.0820 area after the European session, falling for a third consecutive day. Despite shedding…
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USD continues recovering ahead of the weekend
The US Dollar Index rises for the third session in a row. Geopolitical risks keep the Greenback in demand. Fed…
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Mexican Peso struggles as markets react to weak data, trade anxiety
Mexican Peso slips amid rising bets on Banxico rate cut and global uncertainty. Mexico’s economic data disappoints with private spending…
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AUD/JPY dips slightly as 20-day SMA offers support
AUD/JPY was seen trading around the 93.70 zone, recording its third consecutive day of mild losses. Despite the negative streak,…
Read More » NZD/USD slips as moving average cluster offers key support
NZD/USD was seen around the 0.5730 zone, posting modest daily losses ahead of the Asian session. The pair is testing…
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Trade of The Day – EUR/USD
Facts: MACD trends lower after bearish crossover with bearish divergence occurring on RSI Potential double top formation has occurred which…
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EUR/USD Falls toward 1.0800 after breaking below nine-day EMA
The EUR/USD may test immediate support at the nine-day EMA of 1.0846 in an attempt to re-enter the ascending triangle. The…
Read More » NZD/USD remains depressed around mid-0.5700s amid mildly positive USD
NZD/USD turns lower for the third straight day on Friday amid a modest USD strength. The Fed’s projected two 25…
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