Currency Analysis & Comment

The EUR/USD made a strong bearish reversal at the Fibonacci retracement levels. Now price action could create an ABC zigzag before moving lower to 1.1750.

EUR/USD has been licking its wounds as markets attempt to stabilize after the bond rout. 

Silver (XAG/USD) reverses half the Friday slide, although remains below the $27 mark, as the bulls seem to lack follow-through upside bias. The bears

Gold (XAU/USD) is struggling to extend its recovery above $1750, having hit eight-month lows of $1717 last Friday. XAU/USD needs acceptance above $175

The rapid ascent in CNY reserves was in 2018, with some resumption in 2020. From 2016 to 2019, Renminbi turnover rose from 4% to 4.3% (out of 200%).

The direction of the AUD/USD on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at .7733.

Gold edged higher through the early European session and was last seen hovering near the top end of its daily trading range, just below the $1760 leve

GBP/USD is making another attempt to recapture the 1.4000 level amid the upbeat market mood-led broad-based US dollar weakness. Investors cheer a posi

Following its downtick to the lowest since Thursday in early Asia, EUR/GBP seesaws in a choppy range inside the 100 and 200-HMA, currently down 0.25%

AUD/USD eases to 0.7743, fizzles the recovery moves from 0.7773, during early Monday. Even so, the quote prints 0.60% intraday gains ahead of the Euro

Gold (XAU/USD) has kicked-off March on a positive footing, looking to recapture the $1750 level. Gold attempts recovery from eight-month lows of $1717

AUD/JPY trims early Asia gains while easing to 82.65 during the initial Monday. In doing so, the quote fades bounce off 21-day EMA but the RSI strengt

USD/INR jumped 1.88% last week – the biggest single-week percentage gain since March 2020 – confirming an upside break of the trendline falling from A

Despite gradual recovery moves from 1.2687, USD/CAD remains 0.20% down, currently around 1.2705, during early Monday. In doing so, the quote keeps pul

As per the prior analysis for the open on Monday, The Chart of the Week: Gold correcting towards critical resistance from fresh bear cycle lows, the p