United States Michigan Consumer Sentiment Index registered at 52.2 above expectations (51) in May
United States Michigan Consumer Sentiment Index registered at 52.2 above expectations (51) in May
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USD/CHF Price Forecast: Gains ground near 0.8200
The USD/CHF pair attracted bids after revisiting a near five-week low around 0.8185 during North American trading hours on Friday. -
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April -
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3437; (P) 1.3472; (R1) 1.3529; More… Range trading continues in GBP/USD and intraday bias remains neutral. With 1.3389 support intact, further rally is expected. On the upside, firm break of 1.3592 will resume larger rally for 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will […]
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 143.34; (P) 144.81; (R1) 145.66; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the bigger picture, price actions […]
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Why Lagarde’s euro ambition could be a threat to King DollarUncertainty over the dollar’s dominance could “open the door for the euro to play a greater international role,” according to ECB President Christine Lagarde.
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Tech stocks skid as Trump’s aggravation with China, Marvell earnings lead to Friday pullbackUS tech stocks are shedding weight on Friday following several negative news stories. The NASDAQ Composite has given up as much as 0.9%, while the Dow Jones Industrial Average (DJIA) is slightly positive.
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Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries
Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD). -
Mexican Peso gains as US PCE softens, consumer sentiment in focus
The Mexican Peso (MXN) is strengthening against the US Dollar (USD) in the early hours of the American session on Friday after the release of soft inflation data in the United States, with the pair remaining vulnerable to broader geopolitical risks. -
USD/CAD Weekly Outlook
USD/CAD rebounded after edging lower to 1.3685, but upside was limited well below 1.4014 resistance. Initial bias remains neutral this week first, and near term outlook stays bearish. On the downside, break of 1.3685 will resume whole fall from 1.4791 towards 1.3418 support. In the bigger picture, price actions from 1.4791 medium term top could […]
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