Sunset Market Commentary – ActionForex
Markets EMU May flash CPI data were close to/tentatively higher than expected, rubberstamping expectations for the ECB to raise its policy rate next week by 25 bps. Headline inflation increased…
Buyers in the AUDUSD against key MA support have helped to give the pair a boost today.
The AUDUSD is trading higher today after finding solid support during the early Asian-Pacific session against its 100-hour and 200-hour moving averages near 0.7155. Holding above that key technical zone…
Euro steadies as traders weigh conflicting US-Iran headlines, stronger Eurozone inflation data
EUR/USD holds firm on Tuesday as traders react to conflicting headlines surrounding US-Iran negotiations. At the time of writing, the pair trades around 1.1639 after touching a daily high near…
Bitcoin Losing Confidence of Major Holders
Market Overview The crypto market capitalisation has been rapidly shrinking since the start of the new week, falling by 5% to $2.38 trillion, its lowest level since early April. It…
USDCAD buyers remain control above key cluster of moving average support
The Canadian economy continues to show signs of slowing. Business investment remains weak, unemployment has moved higher, and overall growth is hovering near stall speed. At the same time, inflation…
Dollar is Back in the Game
Rumours of a breakdown in negotiations have reignited investor interest in the US dollar. The risk of further currency interventions is mounting along with USDJPY. The US dollar rose by…
Silver: Deficits and upgraded forecasts – TD Securities
TD Securities raises its outlook for Silver and PGMs despite near-term correction risks similar to Gold. The team upgrades Silver and PGM forecasts over the next two quarters and further…
Swedish Krona: Range trading outlook versus Euro – Rabobank
Rabobank’s Senior FX Strategist Jane Foley focuses on the Swedish Krona (SEK), noting that SEK has been the weakest G10 currency since the Iran war but has recently outperformed on…
USD is mixed to kickstart NA trading on June 2. What are the technicals telling traders?
The USD is mixed but little changed to start the new trading day. In the video above, I focus on the three major currency pairs—EURUSD, USDJPY, and GBPUSD—from a technical…
Trump says Hormuz deal is “looking good” but his credibility gap keeps markets on edge
Trump said he brokered a halt to Israel-Hezbollah fire and expects an Iran deal to reopen the Strait of Hormuz within a week, though markets remain deeply sceptical of his…
