EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
Gold prices stand at risk of facing a larger correction as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell-signal.
USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.
EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.
Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory.
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
Gold prices may continue to gain ground over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.
The recent advance in the price for gold appears to have stalled following the FOMC Minutes as it snaps the series of higher highs and lows from earlier this week.
USD/CAD may stage a larger rebound following the updates to the U.S. Consumer Price Index (CPI) as the exchange rate initiates a fresh series of higher highs and lows.
Gold pares the decline from earlier this week following the U.S. NFP report, with the price for bullion marking another failed attempt to test the 2019-low ($1277).
Another below-forecast NFP print may spark a short-term rebound in EUR/USD as it puts pressure on the Federal Reserve to reverse the four rate-hikes from 2018.
EUR/USD fails to test the 2019-low (1.1176) following the U.S. Durable Goods Orders report, with the exchange rate still tracking the range from the previous month.
Gold may stage a larger rebound over the coming days as the price of bullion snaps the series of lower highs & lows from the previous week.
Updates to the US Core Personal Consumption Expenditure (PCE) may keep EUR/USD under pressure as the gauge for inflation is anticipated to hold steady at 1.9% in January.
Developments coming out of the U.S. may continue to impact the near-term outlook for USD/JPY amid the inversion in the Treasury yield curve.
A material shift in the Federal Reserves forward-guidance may fuel the recent advance in EUR/USD if the FOMC shows a greater willingness to abandon the hiking-cycle.
EUR/USD continues to retrace the sharp selloff following the European Central Bank (ECB) meeting as U.S. data prints point to a slowing a economy.
The recent rebound in USD/JPY has sparked a further adjustment in retail interest even as the RSI threatens the bullish formation from earlier this year.