Blume

GBP/CAD bears looking for confirmation of the downside prospects.  Bullish conditions still persist until certain conditions evolve. GBP/CAD has run into a key resistance on the weekly chart and is primed for a rin to the downside to fill in a monthly wick. Bears will be looking for 4-hour confirma

The U.S. dollar strengthened against its major counterparts in the European session on Friday, as the nation's consumer inflation improved more than forecast in August due to the resumption of activity after COVID-led shutdown. Data from the Labor Department showed that the consumer price index cl

EUR/USD is trading in a sideways manner near 1.1915 on Wednesday.  Tuesday's bearish pin bar indicates uptrend exhaustion and scope for a pullback.  EUR/USD could see a notable pullback in the short-term as the daily chart shows signs of uptrend exhaustion.  On Monday, the pair faced rejection abov

The U.S. dollar climbed against its major counterparts in the Asian session on Wednesday, as investors became cautious ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium on Thursday. Powell is expected to provide more clarity on the U.S. central bank's view on inflat

AUD/NZD remains on the front foot while extending recoveries from 10-day SMA. Immediate resistance line probes the bulls targeting September 2018 high. Overbought RSI doubts further run-up beyond the nearby upside barrier. AUD/NZD picks up bids near 1.1015 amid the initial Asian session on Friday.

EUR/USD stayed in consolidation below 1.1916 last week. Initial bias stays neutral this week and further rise is in favor as long as 1.1695 support holds. On the upside, break of 1.1916 will extend larger rally from 1.0635. However, firm break of 1.1695 should confirm short term topping. Intraday bi

AUD - Australian Dollar The Australian dollar edged lower through trade on Monday, continuing Friday’s correction to touch intraday lows at 0.7070. In the absence of any headline data the AUD succumbed to a broader USD rebound as the worlds base currency benefited from a correction in last months se

Sustained USD selling assisted GBP/USD to gain traction for the seventh straight session on Monday. The strong follow-through momentum seemed rather unaffected by renewed fears of a no-deal Brexit. The pair retreated a bit on Tuesday amid some USD short-covering move ahead of the FOMC meeting. The

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Gold prices consolidate Thursday’s losses below $1,800 threshold during the early Friday’s quiet session. The bullion snapped the three-day winning streak with the heaviest decline since June 05 the previous day. However, the bears seem less convinced to even refresh the weekly low, which in turn te