Forex News

EUR/USD struggles for clear directions around five-week high inside short-term ascending triangle. Sustained trading above 100-DMA, upbeat oscillators favor four-day uptrend but pre-Fed anxiety challenges traders. Mid-February high adds strength to 1.0800 upside hurdle; Euro sellers can return on 1.0700 break. EUR/USD treads water around 1.0770-80 as pre-Fed anxiety intensifies during early Wednesday. Adding strength…

AUD/USD hovers below 0.6700 mark, as market anticipates a 25 bps hike from Fed. Fed dueling priorities, inflation vs. banking turmoil? Market sentiment shifts as the investors weigh the possibility of a further rate hike.  AUD/USD rebounded from Tuesday's low at 0.6650 as sentiment shifted and risk appetite increased. The pair remains in consolidation as…

Gold price is making efforts for maintaining its auction above $1,940.00. The recent rally in the Gold price was driven was weakness in the USD Index and fears of a banking sector meltdown. The USD Index is showing a subdued performance as odds for a 25bp rate hike by the Fed are accelerating. Gold price…

Natural Gas price retreats after bouncing off one-month low the previous day. Hopes of more energy demand, geopolitical fears earlier allowed XNG/USD to rise. Pre-Fed anxiety joins China President Xi’s failure to confirm more gas pipelines from Russia to probe buyers. Risk catalysts, EIA inventories will be important for clear directions. Natural Gas (XNG/USD) price…

Japanese Finance Minister Shunichi Suzuki said on Wednesday, it is “important for forex to move stably reflecting fundamentals.” Additional quotes “Need to be vigilant about the very fast pace that credit concerns spread globally.” “No comment on specific means of BoJ policy, but expect BoJ to work closely with govt and guide appropriate policy steps…

USD/MXN jostles with the 200-EMA, 100-EMA confluence to prod two-day downtrend. Bearish MACD signals, downbeat RSI (14) suggest further declines. Seven-week-old horizontal support appears tough nut to crack for bears. Buyers need successful break of multi-day-old resistance line for conviction. USD/MXN bears take a breather around 18.60 during early Wednesday as market players await the…

Bulls eye a break of 1.0800 that opens risk towards 1.0850 as the next stop. Bears seek a break below 1.0750 and the trendline support. The Australian and New Zealand Dollars are bid with the Aussie leading the way ahead of the upcoming US Federal Reserve policy meeting amid easing fears about the global banking system….

Market sentiment remains sidelined during a sluggish start to the key week. S&P 500 Futures seesaw around fortnight high, struggle to extend two-day uptrend. US 10-year, two-year Treasury bond yields fade previous rebound from six-month low. Anxiety about Fed’s next move contrasts with risk-positive headlines from banking sector to limit moves on important day. Global…

USD/CHF breaks consolidation range ahead of FOMC meeting. Investors' focus shifts to upcoming Fed meeting, 25 bps rate hike or pause? SNB policy decision looms next after the Fed event. USD/CHF has broken the four-day consolidation range and remains steady just above the 0.9200 key psychological mark. The broad-based US Dollar weakness emerged after a…

NZD/USD has shown a recovery move from 0.6170 amid the risk-on market mood. The kiwi asset is hovering near the upward-sloping trendline of the Ascending Triangle pattern. Investors should be aware of the fact that responsive buying can be kicked in as the Kiwi asset is at make-or-break levels. The NZD/USD pair is demonstrating a solid…