FXstreet.com

The tables may have turned in favor of the dollar bulls, suggests the USD/CAD technical charts. The currency pair recovered from the low of 1.2680 yesterday on the back of weakness in oil prices. The pair jumped to 1.2771 and currently trades at 1.2760 levels. Weekly chart Source: Netdania The...

The technical studies indicate increased odds of a corrective rally to 112.00 levels in the next 24-36 hours. As of writing, the currency pair is trading at 111.15 levels. The spot found bids below 111.00 in Asia, but failed to cut through the 1-hour 50-MA hurdle as the uptick lacked the support of...

On Monday, the US Dollar pared early losses to two-month lows and gained some respite on the back of stronger-than-expected new home sales data. Also, comments by the Dallas Fed President Robert Kaplan, putting December Fed rate hike move back on investors' mind, further helped ease bearish...

The US durable goods orders are expected to have decelerated the growth rate in October after experiencing a surprisingly strong September. Although the data from the from the US factory sector have been optimistic lately, the economic activity tracked by other indicators showed some deceleration...

The US Dollar held weaker on Wednesday, with the GBP/USD pair gaining some positive traction for the seventh consecutive session and now making a fresh attempt to move past the 50-day SMA important barrier. The ongoing flattening of the US Treasury yield curve, led by sliding longer-term yields on...

The EUR/USD pair retreated from an intraday high level of 1.1758 and touched a one-week low, in what could be termed as a lacklustre trading action on Tuesday. The German political turmoil continued exerting some downward pressure on the shared currency, albeit receding US Dollar demand helped the...

Gold witnessed a bullish Bollinger band breakout on Friday, but the follow through on Monday was a disaster. The yellow metal fell to $174 on Monday and closed on a weak note at $1279. 33 levels. The drop could be blamed on the rise in the US 10-year treasury yield and the resulting strength in the...

The Dollar Index (DXY) witnessed a strong rebound from the 50-day MA yesterday, strengthening the appeal of what looks increasingly likely a bottom. The index closed above 94.00 level yesterday and is currently struggling to hold above the psychological level. Daily chart Last Wednesday's...

On Monday, the Dollar-Yen pair witnessed a solid rally from the low of 111.89 to 112.72 as the US 10-year treasury yield rose from 2.32 percent to 2.372 percent. Despite the strong bid tone, the currency pair failed to cut through the upward sloping 50-day MA and ended the day at 112.61 levels....

The EUR/USD pair had good two-way moves on Monday as investors assessed the latest German political turmoil. The pair initially dropped to 1.1722 level after coalition talks in Germany collapsed, but managed to recover and reach a daily high level of 1.1808 on the back of a turn in the sentiment....

German coalition talks collapsing is definitely something new in the current era of the European politics. For last 12 years, German politics were under the pragmatic leadership of Angela Merkel. No ideology, no blame, no problem… So for the markets, it is completely something new when...

What you need to know before markets open: Political uncertainty in Europe sparked after German coalition talks collapsed with FPD walking away, leaving options for early elections or minority government. Monday’s market moving events German PPI is expected to rise 0.% m/m and...

Gold continues to trade in a narrow range, but there are signs that a big breakout is on the cards. As of writing, the yellow metal is trading at $1282/Oz levels; up 0.28 percent on the day. The yellow metal has had a hard time gaining altitude this month, despite the sharp flattening of the yield...

The solid rally from the Sep. 8 low of 0.9421 ran out of steam above 1.00 this month. The spot fell to a low of 0.9846 earlier this week before regaining some poise to trade around 0.9930 levels. The Intermarket analysis and the USD/CHF chart indicate a potential for a rally to Dec. 2016 high of 1....

Having spent last week trading sideways, WTI Oil is finally turning over in favor of the bears. As of writing, the front-month contract is trading at 20 cents or 0.30 percent lower at $56.62/barrel. The stellar rally from the June low of $42.06 could be attributed to the global output cut deal and...