Tag Archives: Majors

AUD/USD eases from two-month peak on modest USD strength, downside seems cushioned

AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »

USD/CHF Price Analysis: Surrenders the 200-DMA as sellers eye 0.9200

USD/CHF broke below the 200-DMA, ending the major’s upward bias. In the near term, the USD/CHF is neutral to downwards, but buyers reclaiming 0.9450 exerts upward pressure on the major. The USD/CHF stumbles for the sixth consecutive day and breaks support provided by the 200-DMA at 0.9427, shifting the major’s bias downwards, with sellers reclaiming… Read More »

NZD/USD rises towards the 100-DMA on US inflation showing signs of softening

The NZD/USD advances for the second straight day, up in the week by 3.03%. The US PPI for July rose by 9.8% YoY, less than estimates and last month’s reading. US Initial Jobless Claims jumped for two consecutive weeks, hinting the labor market is moderating. The NZD/USD climbs above the 100-day EMA around 0.6439, courtesy… Read More »

GBP/USD retraces from weekly highs, approaches 1.2200

The GBP/USD drops almost 0.05% amidst a risk-off impulse while the US dollar weakens. US prices paid by producers easied, while unemployment claims jumped for the second consecutive week. GBP/USD Price Analysis: Retreated from a descending-channel trendline, eyes a break below 1.2200. GBP/USD edges lower off the weekly highs around 1.2276 near a top-trendline of a… Read More »

EUR/USD: Bulls remain in control above 1.0300

EUR/USD fades the initial knee-jerk and regains 1.0300. The dollar remains offered in the wake of US CPI results. US Producer Prices will be the salient event in the calendar. The optimism around the European currency looks unabated and bulls now push EUR/USD back to the area beyond 1.0300 the figure on Thursday. EUR/USD bolstered… Read More »