XAG/USD Attempts to Find Support at Well-Known Level
Silver Technical Analysis Recommended by Richard Snow Read about the top opportunities in Q1 2023 Silver Attempts to Find Support at Well-Known Level Silver, much like gold, has witnessed an impressive run up which has recently come under threat. An approach of the zone of resistance with a midpoint of 25.00 – which has halted […]
USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues
USD/JPY Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000 USD/JPY FUNDAMENTAL BACKDROP USD/JPY has struggled to hold onto any meaningful gains above the psychological 130.00 level. Yen strength has been capped by dovish sounding comments from the BoJ governor which […]
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 […]
Absolute priority should be to bring inflation down to price stability level
Swiss National Bank (SNB) Chairman Thomas Jordan said in a scheduled speech on Friday, “absolute priority should be to bring inflation down to price stability level.” Additional quotes “We should not underestimate second-round effects of inflation.” “Firms are not hesitating to increase prices, not easy to bring inflation back to 2%.” “Once inflation is high, […]
USD/CAD seen trading around the 1.37 level towards the end of 2023 – Rabobank
USD/CAD remains in a bullish trend, but recent price action has been soft. Economists at Rabobank expect the pair to head gradually higher over the coming months towards 1.37. More downward pressure in the short term “The technical picture points to more downward pressure in the short term, but we expect strong support at 1.3230 […]
Mexican peso hits its highest level in a month, looking at 19.00
US Dollar remains weak against Emerging Markets currencies. USD/MXN testing 2022 lows near 19.10, closer to 19.00. Bearish pressure to alleviate above 19.50 The USD/MXN is falling again on Tuesday as it continues to move with a bearish bias, approaching the 19.00 psychological area. Earlier today it bottomed at 19.08, the lowest level in a […]