Gold price advances to over a two-week high and draws support from a combination of factors. Geopolitical risks, trade war fears and rate cuts by major central banks underpin the XAU/USD.Â
Read More »2024-12-11
2024-12-11
Gold price advances to over a two-week high and draws support from a combination of factors. Geopolitical risks, trade war fears and rate cuts by major central banks underpin the XAU/USD.Â
Read More »2024-11-21
Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD. Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal.
Read More »2024-10-28
Gold price attracts some dip-buying on Monday and draws support from a combination of factors.Â
Middle East tensions, US election jitters and a modest USD pullback seem to benefit the XAU/USD.Â
Bets for smaller Fed rate cuts and rising US bond yields might cap the upside for the precious metal.
Gold price (XAU/USD) struggles to capitalize on its intraday bounce and remains below the $2,748-2,750 supply zone through the early part of the European session on Monday. Safe-haven demand stemming from Middle East tensions and US election jitters continues to act as a tailwind for the precious metal. Apart from this, a modest US Dollar (USD) pullback from its highest level since July 30 turns out to be another factor lending some support to the commodity.Â
That said, the
Read More »2024-10-08
The Japanese Yen recovers further from a two-month trough touched against the USD on Monday. Geopolitical tensions benefit the safe-haven JPY and exert downward pressure on the USD/JPY pair.Â
Read More »2024-08-14
Gold price trades with modest losses for the second straight day amid a positive risk tone.Â
Geopolitical risks, bets for bigger Fed rate cuts and subdued USD demand to lend support.
Traders might also prefer to wait for the release of the crucial US consumer inflation data.Â
Gold price (XAU/USD) attracts fresh sellers following an Asian session uptick to the $2,472-2,473 area and turns lower for the second successive day on Wednesday. A generally positive tone around the equity markets is seen as a key factor driving flows away from the safe-haven precious metal. Apart from this, the downtick could further be attributed to some repositioning trade ahead of the crucial US consumer inflation figures, due for release later today.
In the meantime, fears about a wider
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USD/JPY regains positive traction on Tuesday, albeit the uptick lacks bullish conviction.Â
A positive risk tone undermines the safe-haven JPY and lends some support to the pair.
Bets for bigger Fed rate cuts weigh on the USD and should cap gains ahead of the US CPI.
The USD/JPY pair attracts some dip-buying during the Asia session on Wednesday and climbs back above the 147.00 mark in the last hour, reversing the previous day’s modest downfall. Spot prices, however, remain confined in a familiar range held over the past week or so as traders keenly await the US consumer inflation figures before positioning for the next leg of a directional move.Â
The closely-watched US Consumer Price Index (CPI) report is due for release later today and will be looked upon for cues
Read More »2024-08-13
Gold price pulls back from the vicinity of the monthly peak retested earlier this Tuesday.
Bulls opt to lighten their bets amid a positive risk tone and ahead of the US inflation data.
Geopolitical risks and bets for a 50-bps rate cut by the Fed should help limit the downside.
Gold price (XAU/USD) attracts some sellers following an Asian session uptick back closer to the monthly peak and erodes a part of the previous day’s strong gains of more than 1%. A generally positive tone around the equity markets turns out to be a key factor undermining demand for the safe-haven precious metal. Bulls further opt to lighten their bets ahead of the release of the key US inflation figures – the Producer Price Index (PPI) and the Consumer Price Index (CPI) on Tuesday and
2024-02-28
Gold price remains confined in a narrow band heading into the European session. Hawkish Fed expectations underpin the USD and act as a headwind for the metal. The downside seems limited ahead of the crucial US PCE Price Index on Thursday.Â
Read More »2024-02-14
Gold price (XAU/USD) extends its sideways consolidative price move and remains depressed below the $2,000 psychological mark, or a two-month low heading into the European session on Monday. The stronger-than-expected US consumer inflation report released on Tuesday fueled speculations that the Federal Reserve (Fed) will wait until the June policy meeting before cutting interest rates.
Read More »2020-04-07
USD/CHF traded with a positive bias for the sixth consecutive session on Monday. Bulls are likely to wait for a sustained move beyond the very important 200-DMA. The USD/CHF pair built on last week’s goodish positive move of around 300 pips and continued gaining traction for the sixth straight session on Monday.
Read More »2020-03-31
USD/CHF finds decent support near 0.9500 mark and snaps four days of losing streak. The set-up warrants some caution before positioning for any further recovery move. The USD/CHF pair found a decent support near the key 0.9500 psychological mark and staged a goodish recovery on the first day of a new trading week, snapping four consecutive days of losing streak.
Read More »2020-02-07
USD/CHF trades with a positive bias for the fourth consecutive session. The 0.9700 mark might now act as a strong base for bullish traders. The USD/CHF pair edged higher for the fourth consecutive session on Thursday and is currently placed near one-week tops, levels just below mid-0.9700s.
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USD/CHF edges higher for the fourth consecutive session on Thursday. The risk-on mood weighed on the safe-haven CHF and remained supportive. A pullback in the US bond yields kept a lid on the USD and capped gains. The USD/CHF pair now seems to have entered a bullish consolidation phase and was seen oscillating in a narrow trading band near one-week tops, just below mid-0.9700s.
Read More »2020-02-06
USD/CHF gains positive traction for the third consecutive session on Wednesday. Optimism over coronavirus treatment triggered a fresh wave of global risk-on trade. The USD benefitted from surging US bond yields and remained support ahead of data.
Read More »2020-01-21
USD/CHF consolidates Friday’s goodish intraday positive move. The prevalent cautious mood seemed to have capped the upside. The USD/CHF pair was seen oscillating in a narrow trading band below the 0.9700 mark on Monday and consolidated the previous session’s goodish positive move.
Read More »2019-12-03
USD/CHF lost some additional ground for the second straight session on Tuesday. A subdued USD demand, stability in equity markets did little to provide any respite. Trump’s latest remarks opened the room for a further intraday depreciating move. The USD/CHF pair witnessed some follow-through selling on Tuesday and dropped to near two-week lows, below the 0.9900 handle in the last hour.
Read More »2019-11-15
Renewed US-China trade optimism helped regain some traction. The uptick lacked bullish conviction and warrants some caution. The USD/CHF pair stalled its recent pullback from levels beyond 200-day SMA and regained some traction on the last trading day of the week. Renewed trade optimism weighed on the Swiss franc’s safe-haven status and led to a modest recovery, though bulls struggled to extend the momentum beyond the 0.9900 handle.Â
Read More »2019-10-26
The intraday pullback finds decent support ahead of 0.9900 handle. Move beyond 0.9935 will set the stage for additional near-term gains. The USD/CHF pair did witness some intraday pullback but showed some resilience below 38.2% Fibonacci level of the 1.0028-0.9837 recent downfall. The pair managed to find decent support near 200-hour SMA and has now moved back closer to over one-week tops set earlier this Friday.
Read More »2019-10-17
The pair remains under some selling pressure for the second straight session. The ongoing slide dragged it below a two-month-old ascending trend-channel. Bears might now aim towards challenging the 0.9900 round-figure mark. The USD/CHF pair extended this week’s rejection slide from the vicinity of the key parity mark and remained under some selling pressure for the second consecutive session.
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Despite the intraday pullback, the pair has managed to hold above 200-DMA. The near-term technical set-up support prospects for some dip-buying interest. The USD/CHF pair failed to capitalize on its intraday positive move and faced rejection near the key parity mark, albeit has still managed to hold above the very important 200-day SMA.
Read More »2019-10-15
Continued with its struggle to extend the momentum beyond 200-DMA. Bears eye a decisive break below the ascending trend-channel support. Bulls are likely to await a sustained strength above the key parity mark. The USD/CHF pair failed to capitalize on last week’s attempted rebound from a support marked by the lower end of a two-month-old ascending trend-channel and met with some fresh supply on Monday.
Read More »2019-09-29
Fading safe-haven demand undermined the CHF demand and extended some support. Bears await a sustained weakness below short-term ascending channel support. The USD/CHF pair struggled to register any meaningful recovery and remained well within the striking distance of near three-week lows set in the previous session, coinciding with the lower end of a multi-week-old ascending trend-channel.
Read More »2019-09-05
Extends overnight retracement slide from an ascending trend-channel resistance. A follow-through selling has the potential to drag the pair towards channel support. The USD/CHF pair remained under some selling pressure for the second consecutive session on Wednesday and retreated farther from over one-month tops set in the previous session.
Read More »2019-08-28
The USD/CHF pair struggled to sustain above 61.8% Fibo. level of the 0.9879-0.9714 recent slump and seems to have stalled this week’s recovery move from the 0.9700 neighbourhood. The intraday downtick remained cushioned near the 0.9800 handle, which coincides with 100/200-hour SMA confluence region and should act as a key pivotal point for intraday traders.
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