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US Dollar (USD)

Intraday Analysis 04.08.2023

Jing Ren Aug 4, 2023 75 0

GBPUSD bounces back Cable consolidates after a modest rate hike of 25 basis points by the BoE. The pair has been drifting lower after it broke below dynamic support by the 30-day SMA (1.2800). From a daily chart perspective, the swing…
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Technical Analysis

Gold Consolidates as Dollar Jumps!

David Kindley Aug 1, 2023 81 0

Gold remained consolidated after falling away from 2-month highs yesterday. Manufacturing PMI for July could give a clear direction for the yellow metal. With the greenback progressing in the last few sessions, will we see any…
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Fundamental Analysis

Will Silver Beat Gold?

Jing Ren Jul 28, 2023 74 0

A recent survey conducted by Reuters showed economists and analysts predicting gold prices would average below the $2,000/oz mark this year and would be even lower next year. On the other hand, they predicted silver prices to average…
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Technical Analysis

Intraday Analysis – JPY Bounces Back

Jing Ren Jul 28, 2023 57 0

USDJPY breaks lower The Japanese yen soared on rumours of a possible tweak to the Bank of Japan’s yield-curve control. Last week’s bounce came to a halt at the bearish MA cross (141.90), revealing a strong pressure after the buy side…
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Technical Analysis

Intraday Analysis – USD pulls back

Jing Ren Jul 27, 2023 56 0

EURUSD bounces off key support The US dollar slumped as the Fed raised interest rates by 25 basis points as widely expected. The pair has given back over half of the gains from the rally earlier this month. Medium-term sentiment would…
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Technical Analysis

Intraday Analysis 26.07.2023

Jing Ren Jul 26, 2023 65 0

AUDUSD struggles to bounce The Australian dollar faltered after Q2’s CPI fell short of expectations. After hitting resistance and forming a double top at 0.6900, the pair has sought to secure a foothold. While some profit-taking has…
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Fundamental Analysis

What Forex Traders Need To Look Out For This Earnings Season

Daniel John Grady Jul 14, 2023 83 0

Corporate earnings season primarily affects the stock market. But how well businesses are doing is a basic component of the economy. And many of the companies reporting are so big that they can provide directionality for broader markets. If…
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Technical Analysis

Intraday Analysis – USD falls back 09-06-2023

Jing Ren Jun 9, 2023 74 0

USDJPY tests support The Japanese yen clawed back losses after the Q1 GDP beat expectations. The price is consolidating its gains after clearing the major supply area of 138.00 from the daily chart. 138.60 over the 20-day SMA saw…
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Technical Analysis

Intraday Analysis – USD consolidates gains 01-06-2023

Jing Ren Jun 1, 2023 73 0

EURUSD drifts lower The US dollar stays firm on bets of more interest rate hikes to come amid repeatedly hawkish Fed remarks. Rebounds have been limited so far which means that the bears still have full control of the direction. A slip…
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Technical Analysis

Intraday Analysis 16.05.2023

Jing Ren May 16, 2023 87 0

EURUSD grinds critical floor The US dollar consolidates amid worries about the debt ceiling stalemate. The euro’s drop below 1.0940 has led short-term buyers to liquidate their positions. The pair is testing 1.0840 from the start of a…
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