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Share: Embarking into the second half of 2023, traders have witnessed the EURUSD cascade lower since mid-July, meticulously crafting a downward channel that is acutely demarcated with parallel black lines. This technical formation has encapsulated a clear bearish trend, entrapping the currency pair

Share: Gold has hit its lowest levels since March. Economists at ANZ Bank analyze the yellow metal’s outlook. Favorable rate differentials in the US should keep the USD on a strong footing Increasing conviction around narrative of ‘higher for longer rates’ is tarnishing the investment appeal of Gold

Share: AUDUSD extends downtrend. Short-term outlook is gloomy, but recovery attempts still likely. Eyes on 0.6300 ahead of RBA meeting. AUDUSD plunged to a new 10-month low of 0.6330 on Wednesday, putting the downtrend from July back into play ahead of RBA’s policy decision on Tuesday. The clear bea

Share: Gold price plunges more than 1%, drafting a new cycle low below $1884.89. Elevated US bond yields and the looming threat of a US government shutdown added to the already deteriorated mood, driving Gold prices lower. Minnesota Fed President Neil Kashkari remains hawkish and opens the door for

The Japanese yen strengthened against most major currencies in the pre-European session on Wednesday. The yen rose to a 5-day high of 157.31 against the euro and a 6-day high of 180.89 against the pound, from early lows of 157.59 and 181.23, respectively. Against the Swiss franc, the yen climbed to

The value of the U.S. dollar has moved modestly higher during trading on Tuesday, extending the upward trend seen in recent sessions. Currently, the U.S. dollar index is up 0.18 points or 0.2 percent at 106.18, rising to its best levels in ten months. The greenback is trading at 149.04 yen compared