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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Australian Dollar Outlook: Sentiment Rebounds, AUD/USD Nears Resistance

Australian Dollar Outlook: Sentiment Rebounds, AUD/USD Nears Resistance

Australian consumer sentiment rebounded sharply in August after the RBA held rates, although underlying weakness keeps the case for further tightening in check. Meanwhile, AUD/USD remains near 10-week highs but is showing early signs of fatigue around resistance ahead of Thursday's employment report.

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Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD/CAD reversal risk builds ahead of tariff deadline

USD/CAD reversal risk builds ahead of tariff deadline

After a relentless unwind since early July, USD/CAD is showing signs that the bearish move may be losing momentum. A bullish reversal signal has emerged around a major support zone, just as a looming US-Canada tariff deadline presents a binary event capable of sparking renewed volatility in the pair.

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Source: Forexcom
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Source: ExchangeRates News Agency
1 month ago
Forex Medium Importance
Gold Is Giving the Australian Dollar an Extra Tailwind

Gold Is Giving the Australian Dollar an Extra Tailwind

Standard Chartered targets AUD/USD at 0.74 in three months and 0.75 in a year, with the RBA, China and commodities offering support. The Australian Dollar to US Dollar (AUD/USD) exchange rate is forecast to rise to 0.74 in three months and 0.75 over 12 months by Standard Chartered.

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Source: ExchangeRates
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Source: ExchangeRates News Agency
1 month ago
Forex Medium Importance
USD/CAD Outlook: Canadian Dollar Pares Gains After CPI Beats Forecasts

USD/CAD Outlook: Canadian Dollar Pares Gains After CPI Beats Forecasts

The Canadian Dollar reached its strongest level since 1 June after July CPI beat forecasts, although the advance later faded. The Canadian Dollar initially strengthened on Monday after headline inflation reached the top of the Bank of Canada's target range, but the advance was not sustained.

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Source: ExchangeRates
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Source: ExchangeRates News Agency
1 month ago
Forex Medium Importance
Gold Price Forecast, News: Private Fund Activity Strengthens

Gold Price Forecast, News: Private Fund Activity Strengthens

Gold fund flows have turned positive after months of outflows, while Goldman says private activity is becoming more closely tied to gold prices. Goldman Sachs says gold-fund flows have “picked up meaningfully after seeing net outflows for much of this year.

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Source: ExchangeRates
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Source: ExchangeRates News Agency
1 month ago
Forex Medium Importance
BofA Euro to Dollar Forecast: EUR/USD Upside Still Looks Limited

BofA Euro to Dollar Forecast: EUR/USD Upside Still Looks Limited

The euro-dollar has held its post-Fed gains, but Bank of America sees limited scope for a stronger near-term rally. The Euro to Dollar exchange rate (EUR/US) tradd around 1.1579 on Monday, close to its August high of 1.1585 and around 0.2% higher for the month.

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Source: ExchangeRates
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Gold Calms but Bitcoin Jumps – Which Anti-Dollar Will Take Over?

Gold Calms but Bitcoin Jumps – Which Anti-Dollar Will Take Over?

The breakout in gold was a beautiful setup that saw the metal grasp at the $4k level for more than a month before bulls finally took a step forward two weeks ago. And they wasted little time, with higher-highs and lows developing to illustrate a bullish trend building, all the way until a key spot of resistance came back into the picture at the $4380 swing, taken from the resistance last October that came in as support in February and March.

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Source: Forexcom
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