Technical Analysis
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WTI crude oil rebounds above $61 as bulls defend $55 base, upside capped by Iran, OPEC+ supply risk
WTI snaps a two-day losing streak, key resistance sits at $65. Price reclaims 21-day EMA, technical momentum improves as RSI…
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Canadian Dollar backslides once again, remains range-bound
The Canadian Dollar stuck to familiar territory on Friday. The Loonie is trapped in a hard congestion zone against the…
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NZD/USD steadies near 0.5890 after data-driven rebound, but broader bias remains weak
The pair trades around 0.5890, snapping a two-day losing streak on stronger NZ inflation expectations and upbeat PMI. US sentiment…
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Mexican Peso set for weekly gains as weak US data offsets Banxico’s rate cut
Mexican Peso appreciates as USD/MXN dips to 19.47 after disappointing US sentiment data. Banxico cuts benchmark rate by 50 bps,…
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Dow Jones Industrial Average finds fresh weekly highs as investor sentiment holds firm
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from…
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NZD/JPY price analysis: Cross struggles to maintain upward momentum
NZD/JPY trades near the 85.70 zone with minor gains on Friday. The pair maintains a bearish outlook despite mixed technical…
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XAG/USD slips as US yields rebound, hovers below $32.50
XAG/USD capped at $32.73 (50-day SMA), supported by 100-day SMA near $31.88 amid choppy trade. RSI flat near neutral; a…
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AUD/USD steadies as traders await RBA decision
AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision. US consumer sentiment weakened, while inflation expectations…
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AUD/NZD price analysis: Cross struggles to hold gains amid mixed signals
AUD/NZD trades near the 1.0900 zone with minor losses on Friday. The pair maintains a bullish outlook despite mixed short-term…
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GBP/USD slips below 1.33 as US consumer sentiment turns negative, boosts USD
UoM Consumer Sentiment plunges to 50.8, the lowest since July 2022; inflation expectations rise sharply. US housing data was mixed,…
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