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Gold Price Forecast: XAU/USD attempts a recovery above $1,740 as risk-on profile rebounds

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

China COVID cases rise, markets on edge

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 Forecast: XAU/USD attempts a recovery above $1,740 as risk-on profile rebounds

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

China COVID cases rise, markets on edge

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 Price Analysis: Steadies around mid-1.0200s but sellers stay hopeful

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.

US Dollar Index hovers around 107.80 as investors await US Durable Goods Orders

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 Price Analysis: Steadies around mid-1.0200s but sellers stay hopeful

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.

US Dollar Index hovers around 107.80 as investors await US Durable Goods Orders

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 Price Analysis: The bears are lurking around daily resistance, 140.50 exposed

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 Price Analysis: The bears are lurking around daily resistance, 140.50 exposed

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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