Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near 10-period EMA will present a bargain buy for the market participants. The USD/CHF […]
GBP/USD finds a cushion around 1.2200, downside seems favored as spotlight shifts to US NFP
GBP/USD has attempted to build a cushion around 1.2200 after a perpendicular sell-off. Investors are dumping the risk-perceived assets as anxiety among investors is soaring ahead of the US NFP data. The BoE might continue hiking interest rates as UK inflation is extremely stubborn. The GBP/USD pair has sensed a pause in its vertical downside […]
AUD/USD extends recovery above 0.7100 despite caution stems in market mood
AUD/USD has scaled to near 0.7115 after a recovery move despite solidifying cautionary market mood. The Fed might hike interest rates by 25 bps and keep them steady at 4.75-5.00% for the remaining year. Australian monthly Retail Sales are expected to display de-growth by 0.3%. The AUD/USD pair has accelerated to near 0.7115 after rebounding from […]
US Dollar looks to stabilize amid cautious markets
Here is what you need to know on Tuesday, January 17: The US Dollar is building on the previous recovery this Tuesday, as risk sentiment remains tentative following the release of China’s growth numbers. China’s Q4 GDP topped forecasts but expanded at the second-slowest pace since the 1970s. China’s GDP expanded by 2.9% in Q4 YoY, official […]
USD/CAD rebounds from seven-week low, jumps back above 1.3400 amid resurgent USD demand
USD/CAD stages a solid intraday recovery amid a strong pickup in the USD demand. Rebounding US bond yields and the risk-off impulse lifts the safe-haven Greenback. Positive Crude Oil prices could underpin the Loonie and cap the upside for the major. The USD/CAD pair rebounds sharply from the 1.3320 area, or its lowest level since […]
Retreats from multi-month top, downside potential seem limited
AUD/USD fails ahead of the 0.7000 mark and corrects from a multi-month top touched on Friday. A combination of factors helps revive the USD demand and exerts downward pressure on the pair. The technical setup favours bulls and supports prospects for the emergence of some dip-buying. The AUD/USD pair retreats from the vicinity of the […]