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Market Analysis (Page 22)

2023-11-14
GBPUSD fades bounce off 21-SMA, UK inflation, US inflation eyed

GBPUSD snaps a two-day winning streak with mild losses around 1.2270 as traders await the UK employment and the US inflation data on early Tuesday.

2023-11-13
USDJPY bulls eye another battle with 4.5-month-old resistance line

USDJPY rises for the sixth consecutive day while poking the yearly high marked in October, mildly bid near 151.70 during early Monday.

2023-11-10
GBPUSD drops towards 1.2200-2190 support confluence

GBPUSD remains on the way to posting a weekly loss after declining in the last four consecutive days.

2023-11-09
EURUSD edges higher within bear flag, central bankers eyed

EURUSD consolidates the previous losses within a six-week-old rising channel, currently between 1.0760 and 1.0590.

2023-11-08
Bull flag challenges Gold sellers ahead of Fed Chair Powell’s speech

Gold price remains pressured at the lowest level in two weeks, down for the third consecutive day.

2023-11-07
AUDUSD fails to cheer RBA rate hike, extends pullback from 100-SMA

AUDUSD drops nearly 50 pips even after the Reserve Bank of Australia (RBA) matches expectations of announcing a 0.25% rate hike.

2023-11-06
Rising wedge confirmation favors USDCAD bears at 13-day low

USDCAD posted the biggest weekly loss in more than seven months amid broad-based US Dollar weakness.

2023-11-03
Gold pares weekly loss below $2,000 on NFP day

Gold price edges higher after bouncing off 50-EMA as markets brace for the US employment report for October.

2023-11-02
GBPUSD rebound approaches key upside hurdle on BoE Day

GBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line.

2023-11-01
EURUSD challenges bullish channel formation on Fed day

Softer prints of the Eurozone inflation joined the overall risk-off mood and slightly upbeat US data to drag the EURUSD pair down on Tuesday.

2023-10-31
USDJPY challenges rising wedge bearish formation on BoJ status quo

USDJPY bounces off 200-SMA while testing the previous day’s rising wedge confirmation as Yen traders respond to the Bank of Japan’s (BoJ) inaction.

2023-10-30
AUDUSD begins eventful week on a front foot, 0.6380 eyed

AUDUSD prints a three-day winning streak on upbeat Australia Retail Sales for September.