October 9, 2024
Headlines

2023

AUD/USD Rebound Prods 0.6430 Resistance Amid Firmer Australia Retail Sales, China Stimulus News: (AUDUSD) Bearish Momentum With A 4% Drop In The Last 21 Sessions

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(VIANEWS) – AUD/USD rises half a percent to around 0.6440 as it prods the key upside hurdle after witnessing upbeat Australia Retail Sales. Adding strength to the Aussie pair’s rebound could be China stimulus and the US Dollar’s retreat ahead of this week’s key inflation and employment data. FXStreet reported that that said, Australia’s seasonally…

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USD/CAD Holds Below The 1.3600 Area, Eyes On US GDP, NFP: (USDCAD) Bullish Momentum With A 2% Jump In The Last 21 Sessions

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(VIANEWS) – The USD/CAD pair loses some ground below the 1.3600 mark after retracing from 1.3640, the highest level since May. The major pair currently trades near 1.3596, losing 0.03% for the day. The economic data on Friday showed that the University of Michigan’s (UoM) Consumer Confidence Index for August declined to 69.5 from 71.6…

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USD/JPY Consolidates Around Mid-146.00s, Bulls Have The Upper Hand Near YTD Peak: (USDJPY) Is 4% Up In The Last 21 Sessions

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(VIANEWS) – The USD/JPY pair kicks off the new week on a subdued note and oscillates in a narrow trading band around mid-146.00s through the Asian session, just below its highest level since November 2022 touched on Friday. FXStreet reported on the fact that the US Dollar (USD) consolidates its recent strong gains to a…

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Silver Price Analysis: XAG/USD Keeps Bounce Off 100-DMA Above $24.00 To Favor Bulls: (SI) Is 7% Up In The Last 10 Sessions

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(VIANEWS) – Silver Price (XAG/USD) picks up bids to $24.30 as it defends the previous day’s rebound from the 100-DMA amid the early hours of Monday’s Asian trading session. FXStreet reported that in addition to the XAG/USD’s U-turn from the 100-DMA, the bullish MACD signals and firmer RSI (14), not overbought, also underpin bullish bias…

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USD/CHF Price Analysis: Bears Moved In Around 0.8780s, Dragging Prices Lower: (USDCHF) Over 1% Up In The Last 21 Sessions

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(VIANEWS) – USD/CHF retraces from a six-week high of 0.8876, drops as sellers outpaced buyers, as US Treasury bond yields dropped after the US Federal Reserve Chair Jerome Powell speech. At the time of writing, the USD/CHF is trading at 0.8838, down 0.06%. FXStreet reported that from a technical standpoint, the USD/CHF clashed with a…

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Natural Gas Futures: Extra Upside Favoured Near Term: (NG) Is 4% Up In The Last 5 Sessions

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(VIANEWS) – Considering advanced prints from CME Group for natural gas futures markets, open interest rose by around 7.7K contracts at the end of last week, keeping the choppy activity well in place for yet another session. Volume, on the other hand, shrank markedly by around 166.4K contracts against the backdrop of persistent choppiness, FXStreet…

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Pound Sterling Price News And Forecast: GBP/USD Draws Support From A Modest USD Downtick: (GBPUSD) Over 1% Down In The Last 21 Sessions

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(VIANEWS) – The GBP/USD pair gains some positive traction on the first day of a new week and moves away from its lowest level since June 13, around the 1.2550-1.2545 region touched on Friday. Spot prices retake the 1.2600 round-figure mark during the Asian session and draw support from a modest US Dollar (USD) downfall….

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