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Market Analysis (Page 20)

2024-07-17
GBPUSD bulls run out of steam near 1.3000 hurdle, UK inflation eyed

GBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June.

2024-07-16
USDJPY extends recovery from key supports, focus on US Retail Sales

USDJPY rises the most among the G10 currency pairs early Tuesday while stretching the previous day’s recovery from an upward-sloping support line from late December 2023 and the 50-SMA.

2024-07-15
AUDUSD stays on the way to 0.6850 hurdle despite downbeat China data

AUDUSD prints mild losses while snapping a four-day winning streak and paring the previous gains from a five-week uptrend after China's report.

2024-07-12
USDJPY rebounds from 157.80-75 support confluence ahead of US data

USDJPY pares the biggest daily loss in 10 weeks early Friday as traders await more clues for easing price pressure in the US.

2024-07-11
Gold buyers need validation from $2,387-93 hurdle and US inflation

Gold price rises for the third consecutive day while paring weekly loss ahead of the key US inflation data, namely the Consumer Price Index (CPI) for June.

2024-07-10
RBNZ’s dovish halt, downbeat China CPI push NZDUSD to key support

Early Wednesday, NZDUSD prints the biggest daily fall in a fortnight on the Reserve Bank of New Zealand’s (RBNZ) dovish halt.

2024-07-09
EURUSD bulls stay hopeful ahead of Fed Chair Powell’s Testimony

EURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony.

2024-07-09
Crude Oil keeps pullback from 11-week high as eventful week begins

WTI Crude Oil remains pressured after reversing from an 11-week high the previous day, especially when the US Dollar posts a corrective bounce ahead of this week’s top-tier data.

2024-07-05
Gold buyers have various obstacles to tackle, including US NFP

Gold price appears well set for the second consecutive weekly gain as traders await the US employment details for June.

2024-07-04
EURUSD bulls jostle with 200-SMA hurdle on US Holiday

EURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday.

2024-07-03
GBPUSD bulls attack key upside hurdles as UK/US PMI, Fed Minutes loom

GBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US.

2024-07-02
AUDUSD drops within a symmetrical triangle on unimpressive RBA Minutes

AUDUSD extends the week-start losses toward 0.6600 as Minutes of the latest Reserve Bank of Australia (RBA) Monetary Policy Meeting fail to inspire the bulls.