The US Dollar Index recovers to near 106.50 in Wednesday’s early European session. The bearish outlook of the DXY remains intact below the 100-period EMA. The first downside target to watch is 106.20; the immediate resistance level emerges at 106.85. The US Dollar Index (DXY) rebounds to around 106.50 during the early European session on … Read more
The GBP/USD pair could target the nine-day EMA support at 1.2613. The 14-day RSI remains above the 50 level, indicating sustained bullish momentum. The initial resistance appears at the two-month high of 1.2690. The GBP/USD pair gives up part of its recent gains from the prior session, hovering around 1.2650 during Wednesday’s Asian session. Despite … Read more
The Australian Dollar remains tepid following the release of the monthly Consumer Price Index. China’s International Trade Representative and Vice Minister of Commerce met with US business leaders to discuss tariffs. The Trump administration considers tightening chip export controls on China. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the fourth … Read more
Gold price drifts higher in Wednesday’s early Asian session. Trade war concerns among investors boost the safe-haven flows, benefiting the Gold price. Investors brace for The US January New Home Sales and Fedspeak later on Wednesday. The Gold price (XAU/USD) recovers some lost ground after reaching a one-week low in the previous session. The uncertainty … Read more
WTI price edges lower to around $69.00 in Wednesday’s early Asian session. Worries about Trump’s push for trade tariffs weigh on the WTI price. Crude oil inventories in the US fell by 640,000 barrels last week, according to the API. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.00 during the early Asian … Read more
USD/CAD gains ground to around 1.4315 in Tuesday’s late American session. Fresh tariff concerns and lower crude oil prices drag the Canadian Dollar lower. The US CB Consumer Confidence Index fell to 98.3 in February. The USD/CAD pair extends the rally to near 1.4315 during the late American session on Tuesday. The Canadian Dollar (CAD) … Read more