Gold price has attempted to resurface after dropping to near $1,732.60 as the risk-off impulse has started fading. The US Durable Goods Orders are expected to continue their pace of improvement at 0.4%. Higher demand for US Durable Goods could dent Fed’s strategic plans to scale down soaring inflation. Gold price (XAU/USD) sensed a decent
Markets are in a state of flux and stocks on Wall Street closed lower, as investors grappled with China’s shutdown due to Covid flare-ups that could pressure supply chain issues once again. China’s capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic. Markets have their doubts about whether the global economy
Gold price has attempted to resurface after dropping to near $1,732.60 as the risk-off impulse has started fading. The US Durable Goods Orders are expected to continue their pace of improvement at 0.4%. Higher demand for US Durable Goods could dent Fed’s strategic plans to scale down soaring inflation. Gold price (XAU/USD) sensed a decent
Markets are in a state of flux and stocks on Wall Street closed lower, as investors grappled with China’s shutdown due to Covid flare-ups that could pressure supply chain issues once again. China’s capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic. Markets have their doubts about whether the global economy
EUR/USD bears take a breather around one-week low, probes three-day downtrend. Clear downside break of 50-SMA, one-week-old ascending trend line favors bears. RSI conditions, previous resistance line from early October challenge further downside. EUR/USD struggles to extend the three-day downtrend while making rounds to the lowest levels in a week, around 1.0250, during early Tuesday.
The DXY is displaying a sideways structure around 107.80 amid a quiet market mood. US Treasury yields have sensed interest despite high confidence in a slowdown in Fed’s rate hike pace. Going forward, the US Durable Goods Orders data will be of utmost importance. The US dollar index (DXY) has corrected marginally to near 107.80
EUR/USD bears take a breather around one-week low, probes three-day downtrend. Clear downside break of 50-SMA, one-week-old ascending trend line favors bears. RSI conditions, previous resistance line from early October challenge further downside. EUR/USD struggles to extend the three-day downtrend while making rounds to the lowest levels in a week, around 1.0250, during early Tuesday.
The DXY is displaying a sideways structure around 107.80 amid a quiet market mood. US Treasury yields have sensed interest despite high confidence in a slowdown in Fed’s rate hike pace. Going forward, the US Durable Goods Orders data will be of utmost importance. The US dollar index (DXY) has corrected marginally to near 107.80
USD/JPY has run into the 142.00 area in a 50% mean reversion of the prior bearish impulse. USD/JPY downside could be the first port of call and that leaves 140.50 exposed. As per the prior analysis, USDJPY Price Analysis: Bull move in and eye 143.00 area, the pair has followed the forecasted trajectory from the trendline
USD/JPY has run into the 142.00 area in a 50% mean reversion of the prior bearish impulse. USD/JPY downside could be the first port of call and that leaves 140.50 exposed. As per the prior analysis, USDJPY Price Analysis: Bull move in and eye 143.00 area, the pair has followed the forecasted trajectory from the trendline
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