The USD/CAD pair attracts some dip-buying near the 1.3240 area on Monday and touches a nearly three-week high during the Asian session. Spot prices, however, struggle to…
EURUSD A breakdown of 1.1000 appears not favoured – UOB
In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, a drop below 1.1000 in EUR/USD seems unlikely for the time…
Gold Price Forecast: XAU/USD looks set to fill price gap below $2,010 – Confluence Detector
Gold Price (XAU/USD) renews a two-month high, despite recently easing from the daily top, as it cheers the broad US Dollar retreat amid the sluggish markets. Adding…
EURUSD could advance to 1.1300 – UOB
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group note EUR/USD could climb to the 1.1300 region in the near term. Key Quotes…
AUDUSD remains sideways above 0.6800 despite RBA favoring further policy restrictions
The AUD/USD pair is consistently demonstrating a sideways auction above the round-level support of 0.6800 in the Tokyo session. The Aussie asset has failed to find action…
AUDUSD defends 0.6800 as USD index fades bounce off 15-month low despite cautious mood
AUD/USD bounces off intraday low to 0.6820 heading into Monday’s European session, paring the daily loss amid a sluggish start to the week. Even so,…
Forex Update India’s Foreign Exchange Reserves Jump $1.23 To $596.28
India’s foreign exchange (forex) reserves jumped $1.229 billion to $596.28 billion in the week ended July 7, according to the latest data from the RBI.…
US Dollar Index recovers slightly after dropping to a 15-month low on soft US inflation
The US Dollar Index (DXY), which measures the US Dollar (USD) performance against a basket of six currencies, recovers some ground, as the DXY prints…
AUDUSD consolidates near three-week highs above 0.6800
The AUD/USD pair gains momentum and surges above the 0.6800 area, approaching its highest level since June 20. The pair remains well supported by some…
USDCNH could trade in a narrow 7.20-7.30 range for the remainder of July – Credit Suisse
USD/KRW will be more reactive to China sentiment and US data Despite the short-term stability in the Yuan, we think that the fundamentals still point…