Key Highlights AUD/USD started a steady increase above 0.6950 and 0.6975. A key bullish trend line is forming with support at 0.6950 on the 4-hour chart. Gold prices declined and might dip below $3,950. USD/JPY could gain bullish momentum if it settles above 162.70. AUD/USD Technical Analysis The Aussie Dollar started a fresh increase from…
The dollar index DXY is up by +0.17% today. The dollar is moving higher today as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar also received some safe-haven support…
Arslan Ali Butt Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto) Arslan Ali Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes…
The British pound is still holding up quite well against the US Dollar but zooming out to a long-term daily or weekly chart shows that the price is consolidating more than it is trending despite the weakly bullish feel. The weaker US Dollar is significant, because last week the USA released weaker-than-expected US inflationary indicators…
Potential signal: I am a buyer here. However, I have a stop at the bottom of the day, and am aiming for a move to 30,100. The Nasdaq 100 continues to be very noisy on Friday, as traders are looking ahead to the weekend and all of the potential market-moving headlines that could come out….
The USD/MXN continues to correlate to the broad Forex market as the Mexican Peso traverses a known price realm, but one filled with angst which has dominated the past few months of results. The USD/MXN does remain in the lower long-term realms of its value but has shown a tendency in the mid-term to be…
The US dollar initially fell against the Japanese yen during Friday’s trading session, but later recovered and showed renewed strength. Overall, the pair remains uncertain as US yields decline, yet they are still far above Japanese yields, making a meaningful shift difficult to envision. The 162.8 yen level above remains a key area many traders…
Financial markets showed surprising resilience on Monday despite another escalation in the US-Iran conflict over the weekend. Brent crude briefly surged above $90 after opening with a gap higher but failed to sustain the advance, retreating back below that level during the European session. The inability of oil to extend its gains helped stabilize broader…
The euro is awaiting signals from the ECB regarding a rate rise. The pound will be looking for clues in the macroeconomic data. The US dollar is finding support amid geopolitical developments and the high likelihood of Fed tightening. Although the futures market has priced out the prospect of a federal funds rate hike in…
Silver briefly slipped below the key $55 level on Friday but quickly regained its footing as the new week began, despite Brent crude gapping above $90 following another escalation in the US-Iran conflict. The lack of additional selling is notable. Throughout last week, higher oil prices fueled expectations of renewed inflation pressure, lifting Treasury yields…