Technical Analysis
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Gold price drops to $3,300 neighborhood amid modest USD strength
Gold price struggles to capitalize on the previous day’s bounce from a one-week trough. The emergence of some USD buying…
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AUD/USD rises despite improved US Dollar ahead of US-China second meeting
The Australian Dollar holds ground ahead of the second meeting between US-China advisors on Tuesday. Australia’s Westpac Consumer Confidence increased…
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USD/JPY remains on the back foot; bears seem reluctant amid hawkish BoJ expectations
The Japanese Yen resumes its short-term downtrend amid receding safe-haven demand. The emergence of some USD buying provides an additional…
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XAU/USD price shows resilience below $3,300 and rebounds from one-week low
Gold price attracts sellers for the third straight day, though it lacks follow-through. Friday’s US NFP report tempered Fed rate…
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US Dollar Index Trades around 99.00 after pulling back from nine-day EMA
The US Dollar may target support at 97.91, the lowest level since March 2022. The bearish bias prevails as the…
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JPY sticks to Japan’s Q1 GDP-inspired gains against a broadly weaker USD
The Japanese Yen attracts fresh buyers on Monday and snaps a two-day losing streak. An upward revision of Japan’s Q1…
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Australian Dollar rises as China’s Trade Surplus expands in May
The Australian Dollar holds ground following mixed economic data from China released on Monday. China’s Consumer Price Index declined by…
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Gold price trades with positive bias below $3,400, multi-week top ahead of US NFP
Gold price regains positive traction following Thursday’s late pullback from a multi-week high. The US-China trade talks optimism might hold…
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AUD falls, downside seems limited amid market caution ahead US NFP
The Australian Dollar may consolidate as traders adopt caution ahead of the US NFP release. President Trump described the call…
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JPY sticks to disappointing domestic data-inspired losses against a recovering USD
The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the…
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