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Market Analysis (Page 23)

2023-10-18
GBPUSD stays pressured on UK inflation day

GBPUSD prints mild losses below 1.2200 during early Wednesday as market players await the UK inflation data.

2023-10-17
EURUSD stays in bear’s jaws ahead of US Retail Sales

EURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day.

2023-10-16
Brent Oil buyers need validation from $92.50

Brent oil buyers pause following their largest daily increase in six months, with overbought conditions reflected in the RSI (14) prompting a pullback.

2023-10-13
Gold eyes the first weekly gain in three, focus on $1,885

Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday.

2023-10-12
GBPUSD rebound appears elusive below 1.2510

GBPUSD seesaws at a three-week high ahead of the UK data dump, probing a six-day winning streak.

2023-10-11
EURUSD recovery fades below key resistance surrounding 1.0630

EURUSD bulls struggle at a weekly high while waiting for inflation clues from Germany and the US, as well as the Fed Minutes, on Wednesday.

2023-10-10
USDJPY retreats within two-month-old rising wedge

USDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation.

2023-10-09
USDCAD bears attack resistance-turned-support near 1.3650

USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week.

2023-10-06
EURUSD pares losses within five-week-old bearish channel

EURUSD stays defensive within a short-term bearish chart pattern after recovering from the Year-To-Date (YTD) low in the last two consecutive days.

2023-10-05
Gold price recovery remains elusive below $1,880

Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815.

2023-10-04
GBPUSD appears vulnerable to test multi-month-old support line

GBPUSD remains pressured at the lowest level in seven months as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September.

2023-10-03
AUDUSD stays pressured around yearly low on RBA status quo

AUDUSD is trading near 0.6335, close to its yearly low following the Reserve Bank of Australia's decision to keep its cash rate unchanged, in line with expectations.