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February 3, 2023

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Tag: Recession

USD/CAD Price Analysis: Bears attack 50-DMA around mid-1.2800s
Forex News / Stock News

USD/CAD struggles near two-month low, seems vulnerable below 100-day SMA

August 11, 2022September 1, 2022 - by admin - Leave a Comment

USD/CAD remains on the defensive near a two-month low touched on Wednesday. Hopes for a less aggressive Fed, the risk-on mood continues to weigh on the buck. An uptick in …

USD/CAD struggles near two-month low, seems vulnerable below 100-day SMA Read More
Forex Today: Dollar stays under pressure ahead of key inflation data
Forex News

US inflation expectations refresh monthly low near 2.43% after CPI release

August 11, 2022September 1, 2022 - by admin - Leave a Comment

US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, dropped to the lowest levels in two weeks after the US Bureau …

US inflation expectations refresh monthly low near 2.43% after CPI release Read More
GBP/USD Price Analysis: Finds offers near trendline and 100-MA confluence at 1.1950
Forex News

GBP/USD surges past 1.2200 mark amid softer US inflation data-inspired USD slump

August 10, 2022September 1, 2022 - by admin - Leave a Comment

GBP/USD adds to its intraday gains and rallies to a one-and-half-week high amid a brutal USD selloff. A weaker US CPI report pushed back expectations for a larger Fed rate …

GBP/USD surges past 1.2200 mark amid softer US inflation data-inspired USD slump Read More
USD/CHF Price Analysis: Trips down below 0.9700 as mood improves
Forex News

USD/CHF slides to over one-week low, below 0.9500 mark ahead of US consumer inflation

August 10, 2022September 1, 2022 - by admin - Leave a Comment

USD/CHF turns lower for the third straight day and drops to a one-week low on Wednesday. Modest USD weakness exerts pressure amid growing recession fears and US-China tensions. Investors might …

USD/CHF slides to over one-week low, below 0.9500 mark ahead of US consumer inflation Read More
USD/CAD licks BOC-led wounds below 1.3000, ignores oil’s rebound on hawkish Fed bets
Forex News

USD/CAD remains depressed below 1.2900, downside seems cushioned ahead of US CPI

August 10, 2022September 1, 2022 - by admin - Leave a Comment

USD/CAD meets with a fresh supply on Wednesday and erodes a part of the overnight gains. Subdued USD price action turns out to be the only factor exerting some downward …

USD/CAD remains depressed below 1.2900, downside seems cushioned ahead of US CPI Read More
GBP/USD bulls moving in from critical demand area on a respite in US dollar demand
Forex News

GBP/USD refreshes daily high, lacks follow-through beyond 1.2100 ahead of the US CPI

August 10, 2022September 1, 2022 - by admin - Leave a Comment

GBP/USD gains some positive traction on Wednesday amid subdued USD price action. Recession fears, the BoE’s gloomy outlook could act as a headwind and cap the major. Traders might also …

GBP/USD refreshes daily high, lacks follow-through beyond 1.2100 ahead of the US CPI Read More
AUD/USD climbs above 0.6750s after hot US CPI on a weak US dollar
Forex News

AUD/USD flat-lines above mid-0.6900s as traders await the crucial US CPI report

August 10, 2022September 1, 2022 - by admin - Leave a Comment

AUD/USD reverses modest intraday slide, through the uptick lacks bullish conviction. Subdued USD price action turns out to be a key factor lending support to the major. The cautious mood …

AUD/USD flat-lines above mid-0.6900s as traders await the crucial US CPI report Read More
USD/JPY retreats after hitting a fresh 24-year high
Forex News

USD/JPY struggles for direction, stuck in a range around 135.00 as traders await US CPI

August 10, 2022September 1, 2022 - by admin - Leave a Comment

USD/JPY lacks any firm directional bias and remains confined in a narrow trading range. Traders prefer to move on the sidelines ahead of the crucial US consumer inflation data. The …

USD/JPY struggles for direction, stuck in a range around 135.00 as traders await US CPI Read More
USD/CHF climbs to multi-day high, around 0.9600 mark amid a positive risk tone
Forex News

USD/CHF dribbles around mid-0.9500s as US inflation looms

August 10, 2022September 1, 2022 - by admin - Leave a Comment

USD/CHF picks up bids to reverse recent losses inside the daily trading range. US dollar traces yields ahead of the key CPI data amid recession woes, recently up hawkish Fed …

USD/CHF dribbles around mid-0.9500s as US inflation looms Read More
Steel Price refreshes yearly low near $600 as bears cheer risk-aversion, China woes
Forex News

Steel price dwindles as hopes of more output, less profits join cautious mood ahead of US CPI

August 10, 2022September 1, 2022 - by admin - Leave a Comment

Steel price retreats amid cautious markets, fears of less margin on the production front. Softer China inflation, economic slowdown concerns join pre-CPI anxiety to weigh on sentiment. The anticipated increase …

Steel price dwindles as hopes of more output, less profits join cautious mood ahead of US CPI Read More

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