AUD/USD Price Forecast: Australia CPI in focus as pair consolidates below 0.7200 resistance
AUD/USD trades in a narrow range on Tuesday, even as the US Dollar (USD) strengthens on fading hopes for a quick resolution to the Middle East war after US forces…
European wheat prices climb as heat wave threatens crops
European wheat prices climb as heat wave threatens crops Source link
AUDUSD stalls at key retracement as converged MAs define support
The AUDUSD pushed higher today, but the rally once again stalled near a key technical ceiling. The price tested the 50% retracement of the move down from the May high…
Dollar Contradicts the Peace Trade – EUR/USD, GBP/USD and Dollar Index Overview
US stock markets opened with strong optimism, but other asset classes are not as confident. While equities are rising and catching up to the previous session’s futures rally, currency and…
Sunset Market Commentary
Markets US & UK markets desynchronized with (most) European markets today. After a holiday yesterday, the first two adapted to (presumed) positive headline news on a deal in the US-Iran…
Gold Loses Safe-Haven Edge as Geopolitics Fuel Inflation Fears
Gold traders appear confused amid the Middle East conflict. Fed rate hike bets prevail, increasing the metal’s opportunity cost. Strong central bank demand is keeping losses limited. Heightened inflation fears…
USDJPY breaks above last week’s high. Can the buyers keep momentum going?
The USDJPY is stretching to new highs and in the process is moving above the high from last week at 159.337. The price just ticket to 159.35. Can the momentum…
Russian oil price in roubles falls 11% in May amid currency gains
Russian oil price in roubles falls 11% in May amid currency gains Source link
The GBPUSD sellers are making a play with the price back below the 100 day MA
The GBPUSD is back below its 100 day moving average at 1.34748 after briefly moving above the level yesterday and again earlier today. That inability to stay above the key…
Strait of Hormuz – Iran ceasefire tested? There are reports of US-Iran exchange of fire.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
