XAG/USD dwindles after hitting a 9-month high, back below $23.50
After hitting a new nine-month high of $24.62, Silver price nosedives, failing to break the $23.00-$24.50 range for the fourth consecutive day in the week, and exchanges hands at around $23.40s at the time of writing. Wall Street continues to record gains bolstered by a big tech company projecting a positive outlook for 2023. The […]
To test the 20-day EMA after hitting a new session high around 130.50
USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and […]
Remains firm around 0.9210 after hitting a high shy of 0.9240
USD/CHF is downward biased but subject to a mean reversion move towards 0.9300. Solid resistance lies at 0.9235/40, with the confluence of technical indicators rejecting the USD/CHF rally. USD/CHF Price Analysis: Bulls are hopeful if the pair remains above 0.9158. After slumping on Wednesday, the USD/CHF stages a comeback recovering the 0.9200 psychological level, eyeing […]
USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers
Mexican Peso among top performers on Friday. UUSD/MXN slide found support above 18.70 as DXY strengthens after the beginning of the American session. US data mostly in line with expectations on Friday. The USD/MXN dropped on Friday to 18.71, reaching the lowest level since January 18 and then rebounded, erasing daily losses after the greenback […]
AUD/USD turns negative after hitting highest level since June
US Dollar gains momentum during the American session as US yields move higher. Markets wobble after US economic data, ahead of central banks meetings next week. AUD/USD drops after a four-day positive streak. The AUD/USD dropped from the highest level since June during the American session after the US Dollar gained momentum. The pair peaked […]