The Gold price (XAU/USD) faced renewed selling pressure during the early European session on Wednesday, giving up modest intraday gains it had accumulated during the Asian trading hours. After briefly rising toward the $3,372–$3,373 area, the commodity faltered as the US Dollar (USD) found renewed strength, largely buoyed by upbeat economic data and cautious Federal...
USD/CHF Price Forecast: Rebounds from 6-Week Low, Climbs Past 0.8200
The USD/CHF currency pair is exhibiting fresh signs of bullish momentum after rebounding sharply from a six-week low of 0.8155, powered by a resurgence in US Dollar strength. The rally follows the release of robust JOLTS job openings data, which painted a more resilient picture of the US labor market than expected, helping the Greenback...
AUD/JPY Price Forecast: Bearish Bias Remains Unchanged Near 93.00
The AUD/JPY currency pair is navigating turbulent waters as it hovers near the 93.10 level during Wednesday’s early European session, displaying marginal strength despite persistent bearish pressure. Traders and analysts remain cautious as the Australian Dollar (AUD) continues to underperform against the Japanese Yen (JPY), largely influenced by disappointing economic data from Australia and technical...
USD/CAD Flat Near YTD Low Above 1.3700 Ahead of BoC Decision and Key US Data Releases
The USD/CAD currency pair continues to exhibit a lack of decisive intraday momentum, hovering around the 1.3715–1.3720 region as of Wednesday’s Asian trading hours. This level lies just above its year-to-date (YTD) low, with traders maintaining a wait-and-see approach ahead of two key macroeconomic catalysts: the Bank of Canada (BoC) monetary policy decision and the...
Australian Dollar Edges Lower as US Dollar Recovers Recent Losses: A Technical and Fundamental Outlook
The Australian Dollar (AUD) gave up its early gains on Wednesday as the US Dollar (USD) rebounded modestly, trimming recent losses. This AUD/USD price action reflects a convergence of economic data releases, evolving monetary policy expectations, and rising geopolitical uncertainty, particularly around US tariff policies. Raliplen delivers broker-led insights that simplify and clarify this topic...
NZD/USD Strengthens Near 0.6000 as Market Eyes Potential US-China Talks
The NZD/USD currency pair continues its upward momentum, trading near the 0.6000 psychological level during the early hours of Wednesday’s Asian trading session. The pair’s resilience reflects a combination of US Dollar (USD) weakness, robust New Zealand Dollar (NZD) demand, and heightened expectations around potential US-China diplomatic developments. Market sentiment is currently tethered to a...
US Dollar Index Price Forecast: Treads Water Above 99.00 Near Nine-Day EMA Barrier
The US Dollar Index (DXY) is treading cautiously above the key psychological level of 99.00, trading around 99.20 during the Asian session on Wednesday. After notching gains of more than 0.5% in the previous session, the DXY appears to be consolidating below a significant technical barrier, the nine-day Exponential Moving Average (EMA) at 99.38. This...
GBP/USD Holds Firm Above 1.3500 as “Sell America” Trend Weakens the US Dollar
The GBP/USD currency pair continues to trade above the critical 1.3500 level, reflecting relative strength in the British Pound (GBP) as the US Dollar (USD) remains pressured under the growing influence of the so-called “Sell America” trend. During Wednesday’s Asian session, the pair ticked higher to around 1.3520, recovering slightly after posting mild losses in...
Silver Price Forecast: XAG/USD Bulls Retain Control Near Mid-$34.00s, Just Below YTD High
Silver (XAG/USD) continues to exhibit bullish momentum, trading within a narrow band just under the year-to-date (YTD) peak of $34.90 touched earlier this week. During the Asian trading session on Wednesday, the white metal was seen hovering around the $34.50 level, showing signs of healthy consolidation after an impressive breakout through a significant technical barrier. ...
EUR/USD Hovers Below 1.1400 as Eurozone Inflation Slips Beneath ECB’s 2% Target
The EUR/USD currency pair traded steadily just below the key 1.1400 psychological level on Wednesday, lingering around 1.1380 during the Asian session. Despite mild fluctuations, the pair remains resilient as the US Dollar (USD) grapples with macroeconomic uncertainty, and the Euro (EUR) receives marginal support from shifting monetary policy expectations in the Eurozone. Market participants...