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EUR/USD PRICE ANALYSIS: SEEMS VULNERABLE NEAR MID-1.0500S AMID GEOPOLITICAL TENSIONS
EUR/USD retreats from over a one-week high amid reviving demand for the safe-haven USD.The technical setup still favours bearish traders and supports prospects for a further decline.Any strength beyond 1.0600 is likely to remain capped near the ascending channel barrier. The EUR/USD pair opens with
GOLD PRICE FORECAST: XAU/USD EXTENDS GAINS NEAR $1,850 ON MIDDLE EAST CONFLICT
Gold price continues to trade higher on geopolitical tension.The Palestine-Israel conflict could increase the demand for safe-haven assets like Gold.Upbeat US jobs data supports the US Dollar (USD). Gold price continues to move on an upward trajectory, trading higher around $1,850 per troy ounce dur
EUR/USD: REBOUND COULD EXTEND TO 1.0630 – UOB
Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group suggest the recovery in EUR/USD is expected to reach 1.0630 in the near term. Key Quotes 24-hour view: We expected EUR to rise further to 1.0595 last Friday. However, we held the view that “the major re
USD/ISL: ISRAELI SHEKEL PAUSES SELL-OFF AFTER BANK OF ISRAEL PLANS TO SELL UP TO $30 BILLION IN FOREX
In a bid to support the market following the Hamas military attacks over the weekend, the Bank of Israel, the Israeli central bank announced on Monday a program to sell up to $30 billion in forex. Additional takeaways Will provide liquidity to the market through swap mechanisms of up to $15 billion
GOLD FUTURES: FURTHER GAINS ON THE CARDS,
CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops. Gold now retargets $1900 Friday’s marked rebound in 
USD INDEX REGAINS SOME BALANCE AND EXTENDS THE BOUNCE OFF 106.00
The index reverses three consecutive daily pullbacks.The probability of a Fed’s rate hike loses traction.Investors’ attention is expected to be on the US CPI. The greenback reverses three daily drops in a row and regains the 106.30 region when tracked by the USD Index (DXY) at the beginnin
ASIAN STOCK MARKET: REGIONAL INDICES EXHIBIT VARIED PERFORMANCE AMID MIDDLE EAST CONFLICT
Asian market showed mixed performance in the midst of the Israeli-Palestinian conflict.Australia’s S&P/ASX 200 extends gains due to the surging energy and gold equities.Hong Kong's stock market has canceled trading following the elevation of the typhoon warning. Asian markets exhibit a mixed sen
GERMAN INDUSTRIAL PRODUCTION DECLINES 0.2% MOM IN AUGUST VS. -0.1% EXPECTED
According to the official data published on Monday, Germany’s Industrial Production declined more than expected in August, suggesting sluggish manufacturing sector activity. Industrial output in the Eurozone’s economic powerhouse dropped 0.2% MoM, the federal statistics authority Destatis said in fi
GBP/USD STICKS TO THE RANGE BOUND THEME – UOB
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP/USD is still seen navigating the 1.2030-1.2270 rang for the time being. Key Quotes 24-hour view: We highlighted last Friday that GBP “could rise above 1.2230, but it is unlikely to b
USD/CHF RETRACES INTRADAY LOSSES NEAR 0.9100 ON HIGHER US DOLLAR
USD/CHF trades higher near 0.9100 due to stronger US Dollar. The Palestine-Israel conflict could elevate demand for the safe-haven Swiss Franc. Positive employment data in the United States bolsters the strength of the US Dollar (USD). USD/CHF retraces its almost intraday losses, trading around 0.91
EUR/USD SNAPS THE WINNING STREAK NEAR 1.0530 ON RISING US DOLLAR
USD/CHF trades lower near 1.0530 due to the upbeat US Dollar.The Palestine-Israel conflict could push the flow toward safe haven Greenback.Solid US NFP data bolsters the strength of the US Dollar (USD). EUR/USD snaps the winning streak that began on Wednesday, trading in the red zone near 1.053
SILVER PRICE ANALYSIS: XAG/USD STRUGGLES TO FIND ACCEPTANCE ABOVE $22.00, RETREATS FROM ONE-WEEK TOP
Silver touches a one-week high on Monday, albeit struggles to capitalize on the momentum.The technical setup favours bears and supports prospects for an extension of the recent fall.A sustained strength beyond the $22.20-30 region is needed to negate the negative outlook. Silver builds on Friday's b
POUND STERLING DROPS BELOW 1.22 AS ISRAEL-HAMAS WAR UNDERPINS RISK-AVERSION THEME
Pound Sterling faces a sell-off as the bellicose situation between Israel and Hamas dampens the market mood.UK’s manufacturing and construction activities are going through a vulnerable phase due to higher mortgage rates.BoE Bailey remains confident that inflation will come down to 5% or below by ye
EURO LOSES TRACTION AND REVISITS THE 1.0530 ZONE ON RISK-OFF TRADE
The Euro looks markedly offered against the US Dollar.Stocks in Europe open the week with marked losses.EUR/USD retreats to the 1.0520 zone on USD-buying.The USD Index (DXY) reverses recent weakness and tests 106.30.Industrial Production in Germany surprised to the downside. The Euro (EUR) is displa
USD/CAD PRICE ANALYSIS: HOVERS ABOVE 1.3650 MAJOR LEVEL ON SURGING US DOLLAR
USD/CAD moves above 1.3650 due to the upbeat US Dollar.Technical indicators suggest a bullish momentum in the price movement.The nine-day EMA emerges as immediate support, followed by the 23.6% Fibonacci retracement. USD/CAD snaps the two-day losing streak, trading higher around 1.3670 aligned with
Pull-up Update