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USD/CAD trades with positive bias amid stronger USD, bullish Oil prices to cap gains

USD/CAD gains positive traction for the second straight day, albeit lacks follow-through. Reduced bets for a June Fed rate cut lift the USD to a...

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Gold Price Soars as Dollar Weakens, Eyes on US Data

The gold price is bullish as long as it stays above the upper median line (uml). Taking out the immediate resistance levels activates further growth. The...

EUR/USD Price Remains with Shallow Upside Ahead of FOMC

Escaping from the Falling Wedge pattern signaled a EUR/USD price reversal. The FOMC and the US economic figures should bring high volatility. Only a new higher...

USD/JPY Price Wobbling at 148.0 on a Thin Trading Day

The bias remains bullish as the DXY rallies. A new lower low activates a sell-off. The FOMC is seen as the most important event of the...

USD/JPY Price Challenges Key Supply Zone Ahead of FOMC

Validating its breakout activates an upside continuation. Taking out the median line (ml), validates a larger growth. The FOMC Meeting Minutes should be decisive today. The USD/JPY...

Gold Price Retraces to Demand Zone as Dollar Probes Recovery

The bias is bullish as long as it stays above the lower median line. The US data could be decisive tomorrow. A new higher high activates...

Gold Price Rebounded From $2,009 Amid Mixed US Data

XAU/USD remains bearish if it stays below the 50% retracement level. The US data and the BOC should move the rate. A new lower low...

AUD/USD Price Analysis: Aussie Takes a Hit in the Wake of RBA

The RBA kept interest rates unchanged. Bullock stated that the need for further rate hikes would hinge on incoming data. Analysts attributed the US dollar’s upward...

Gold Price Struggling to Recover After 6% Dip from All-time High

XAU/USD remains bearish if it stays below the 50% retracement level. The 61.8% and the median line represent key support levels. The US data could have...

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