Technical Analysis
Gold consolidates weekly loss while posting a corrective bounce from the lowest level in 13 days as traders await the US Core PCE Price Index for June, also known as the Fed’s favorite inflation gauge.
USDCAD rises for the sixth consecutive day while extending the early-week breakout of a downward-sloping resistance line from mid-April.
USDJPY remains on the bear’s radar after reversing from a seven-month-long support-turned-resistance line and the 50-SMA the last week.
AUDUSD drops to a three-week low early Monday while printing a six-day losing streak as the People’s Bank of China (PBoC) announced a surprise rate cut.
Gold price remains pressured for the third consecutive day while extending the mid-week pullback from an all-time high.
EURUSD retreats from the highest level in four months as traders await monetary policy announcements from the European Central Bank (ECB) early Thursday.
GBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June.
USDJPY rises the most among the G10 currency pairs early Tuesday while stretching the previous day’s recovery from an upward-sloping support line from late December 2023 and the 50-SMA.
AUDUSD prints mild losses while snapping a four-day winning streak and paring the previous gains from a five-week uptrend after China's report.
USDJPY pares the biggest daily loss in 10 weeks early Friday as traders await more clues for easing price pressure in the US.
Gold price rises for the third consecutive day while paring weekly loss ahead of the key US inflation data, namely the Consumer Price Index (CPI) for June.
Early Wednesday, NZDUSD prints the biggest daily fall in a fortnight on the Reserve Bank of New Zealand’s (RBNZ) dovish halt.
EURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony.