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Two Trades To Watch: GBP/USD, Oil Forecast - Tuesday, April 16
Article By:
Fiona Cincotta
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Tuesday, April 16, 2024 5:15 AM EDT
GBP/USD held at a five-month low after jobs data and ahead of Fed Chair Powell's speech.
USD/CHF Stays Above 0.9100 Nearing The Highs Since October
Article By:
Akhtar Faruqui
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Tuesday, April 16, 2024 4:57 AM EDT
USD/CHF hovers below 0.9152, the highest since October reached on Monday. US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates.
AUD/USD Forex Signal: Risk-On Flow
Article By:
Adam Lemon
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Tuesday, April 16, 2024 4:07 AM EDT
Price falls firmly to new 5-month low.
FX Daily: CNY Depreciation Risk Adds To Bullish Dollar Tone
Article By:
ING Economics
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Tuesday, April 16, 2024 3:55 AM EDT
As if high US inflation and strong activity data, geopolitical risks and a looming ECB rate cut were not enough to drive the dollar stronger, the dollar could now be buoyed by Chinese authorities allowing a weaker renminbi.
The Reversal In Gold, The Confirmed Breakout In USD/YEN
Article By:
Przemyslaw Radomski, CFA
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Monday, April 15, 2024 11:53 AM EDT
Besides, gold didn’t “only” move on huge volume while being extremely overbought. It also reversed on that huge volume, which means that the latter confirmed that reversal.
USD/CAD Forecast: US Dollar Continues To Crush Canadian Loonie
Article By:
Christopher Lewis
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Monday, April 15, 2024 6:56 AM EDT
The US dollar has rallied significantly during the course of the trading session on Friday, as we are broken the back of a major shooting star from the previous session.
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen - Monday, April 15
Article By:
Peter Mathers
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Monday, April 15, 2024 6:00 AM EDT
The USD/JPY Elliott Wave analysis provides insights into the potential price movements of the U.S. Dollar against the Japanese Yen, employing Elliott Wave principles for technical analysis.
AUD/USD Forex Signal: Bearish Breakout Confirmed
Article By:
Crispus Nyaga
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Monday, April 15, 2024 5:48 AM EDT
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
US Dollar Commentary - Monday, April 15
Article By:
James Harte
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Monday, April 15, 2024 5:39 AM EDT
The US Dollar is starting the week on a softer footing as traders brace for the next set of US data points with retail sales and empire state manufacturing due later today.
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