US Dollar Index Price Forecast: Focus on 98.50 Resistance Zone
The US Dollar Index (DXY), which tracks the strength of the US Dollar against six major currencies, is showing slight recovery after minor losses in the previous session. It is currently trading near 98.10 during early European trading hours on Tuesday. Looking at the daily chart, the index is still moving within a descending channel, […]
US Dollar Index edges higher above 98.00 despite improving risk sentiment
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, has snapped its losing streak that began on April 6. It is currently trading near 98.20 during Thursday’s European session. The US Dollar is finding modest support as traders remain cautious about the ongoing […]
EUR/CAD Holds Near 1.6200 as Euro Weakens Amid Risk-Off Sentiment
The EUR/CAD pair is trading close to the 1.6200 level during Monday’s Asian session, recovering slightly from earlier losses. Despite the minor rebound, the pair remains under pressure as the Euro continues to struggle in a risk-averse market environment. Investor sentiment has turned cautious after the latest round of US–Iran peace talks ended without any […]
NZD/USD extends rally for fourth straight session, tests key resistance near 0.5850 ahead of US data
The NZD/USD pair finds renewed buying interest after a mild pullback in the previous session, pushing higher for the fourth consecutive day on Thursday. During early European trading, the pair moves toward the 0.5835–0.5840 range, as buyers attempt to break above the important 200-day Simple Moving Average (SMA), despite mixed underlying fundamentals. The latest minutes […]
EUR/GBP slips toward 0.8700 as cautious sentiment dominates markets
The Euro (EUR) is edging lower against the British Pound (GBP) at the start of a quiet trading week, with several markets closed for Easter Monday. Risk sentiment remains fragile, largely due to rising concerns over a potential escalation in the Iran conflict. At the time of writing, the pair is trading around 0.8720, down […]
EUR/GBP holds steady above 0.8650 as ECB hawkish tone supports Euro
The Euro (EUR) is trading slightly higher against the British Pound (GBP) on Thursday, holding above the 0.8650 level. However, the pair remains range-bound as weak German economic data offsets the support coming from hawkish European Central Bank (ECB) commentary. Bundesbank President Joachim Nagel stated that a rate hike in April could be considered at […]
Canadian Dollar Edges Higher Ahead of Retail Sales Data
The Canadian Dollar (CAD) is trading slightly higher against major currencies during Friday’s Asian session, recovering modestly after Thursday’s sharp decline. The USD/CAD pair has slipped to around 1.3735, attempting to pull back from recent highs, though it remains close to its two-week peak of 1.3748. The earlier weakness in the CAD was largely driven […]
EUR/USD Holds Slight Gains Near 1.1470 Ahead of ECB Policy Decision
The EUR/USD pair moved slightly higher on Thursday, trading near 1.1470 during the early European session. The Euro showed mild strength against most major currencies as traders awaited the European Central Bank’s policy decision later in the day. The ECB is expected to keep interest rates unchanged. The deposit rate is likely to remain at […]
Gold Drops Below $4,800 as Strong Dollar Pressures Prices Despite Rising Global Tensions
Gold prices slipped below the $4,800 level on Thursday, hitting their lowest point in over a month. The decline came as the US Dollar stayed strong after the Federal Reserve signaled a tough stance on inflation, making gold less attractive to investors. Although gold saw some small gains earlier in the day, it failed to […]
EUR/GBP Slips Below 0.8650 as Markets Await ECB and BoE Decisions
The EUR/GBP pair moved lower in early European trading on Wednesday, falling to around 0.8635 and ending a four-day winning streak. Traders are holding back from making strong moves as they wait for key interest rate decisions from the European Central Bank and the Bank of England, both scheduled for Thursday. The ECB is widely […]