AUD/USD trades in the red amid overbought signals on the daily chart.  The pair still appears set to end the month on a positive note. AUD/USD is currently trading largely at 0.7173, representing a 0.17% decline on the day, having hit a multi-month high of 0.7197 on Wednesday.  Despite the pullback, the pair is still […]

Gold (XAU/USD) treads water around $1950, as the bulls turn cautious in the run-up to the Fed showdown. The dovish Fed expectations amid coronavirus-led economic risks and US fiscal stand-off keep the upside favored in the yellow metal. The buyers, however, await a fresh impetus for the next push higher, especially after a volatile session

The US dollar may finally be losing its luster. The US Dollar Index peaked on March 20th, but has since fallen 8% through July 24th. Lisa Shalett from Morgan Stanley sums up three recent catalysts that have contributed to a weaker dollar. If USD weakness persists, it could push up US inflation and press down on equities.

EUR/USD remains bid amid broad-based US dollar sell-off. Gold nears record high of $1,920 reached in September 2011.  EUR/USD’s daily RSI shows overbought conditions.  EUR/USD jumped to a fresh 22-month high of 1.1691 soon before press time, having rallied by 2% last week.  The pair printed solid gains last week and is better bid at

USD/CNH’s daily chart shows a bullish RSI divergence.  The pair has exited a two-month-long falling channel.  Escalation of Sino-US tensions weighed over the Chinese offshore yuan (CNH) on Wednesday and pushed USD/CNH higher by 0.7%.  The uptick confirmed a bullish divergence (higher lows) of the 14-day relative strength index established on July 21. The positive

EUR/USD has been experiencing the much-needed correction lower as Wednesday’s 4-hour chart is showing moderate overbought conditions, but is holding onto 1.15. Yohay Elam, an analyst at FXStreet, expects further upside for the pair following the small correction. Key quotes “The Relative Strength Index on the 4-hour chart is above 70 – pointing to overbought conditions. On the

Dollar index remains under pressure near multi-month lows. Risk-on keeps the safe-haven US dollar under pressure.  Sentiment around the greenback remains bearish in Asia with the dollar index, which measures the value of the American currency against majors, languishing near the 4-½ month low of 95.05 reached on Tuesday.  Better risk mood weighs The soft tone

AUD/NZD remains bid above 21-day SMA, about to confirm the bullish chart pattern. RBA minutes flashed upbeat signals but Governor Lowe praised present rates. New Zealand’s Credit Card Spending recovered to -9.2% in June. The formation’s support, 200-day SMA acts as the key downside levels to watch during the pair’s fall. AUD/NZD prints 0.14% gains

Gold prices struggle to keep the multi-year high around $1,820. US dollar index drops to the fresh low since March 10 as risk-on sentiment remains on the table. European leaders progress in unveiling 750 billion Euros of stimulus, pandemic numbers flash mixed signals. Updates of the aid package, virus and vaccine will be the key