Khurram Mustafa / Blog
AUD/USD advanced to fresh daily high at the beginning of the American session as the greenback weakened somewhat following the release of soft US data...
The US Dollar Index, which tracks the greenback vs. its main rivals, is now trading almost unchanged, retracing the earlier spike to the 98.20 area. US Dollar in 3-month peaks The index is looking to consolidate the recent advance to the 98...
Gold prices recovered losses in the US session after a batch of weak US data, but gains remained muted ahead of Friday’s non-farm payrolls...
GBP is underperforming following the BoE’s Super Thursday (decision/statement/minutes/Inflation Report) with a less hawkish shift hinting to the emergence of a gap between the normalizing Fed and a BoE that appears set to remain on hold for longer than previously expected, said Eric Theoret, FX S...
The upside momentum in the USD/JPY pair stalled at 122.00, making way for a fall back to 100-DMA at 121.76 levels. USD pares gains on uptick in jobless claims The USD pared gains after the last week’s jobless claims in the US printed at 276K compared to the expected print of 262K...
The yellow metal is falling sharply on Wednesday amid a stronger US dollar on rising expectations about a rate hike by the Federal Reserve in December. The ounce broke below yesterday’s lows at $1,114.30 and dropped further. Recently bottomed at $1106.60 hitting the lowest level since October 2...
- EUR/JPY continued to slide during the US session and printed a fresh 6-day low at 131.83. The pair is approaching last week lows that lie at 131.56 and remains under pressure trading below 132.00...
NZD/USD is currently trading at 0.6587 with a high of 0.6669 and a low of 0.6574. NZD/USD has started to stabilize in the vicinity of the 0...
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
GBP/USD short-term technicals remain bearish and GBP risk is elevated over the next hours ahead of BoE ‘Super Thursday’ that includes the policy decision, statement release, minutes, and Quarterly Inflation Report, according to Eric Theoret, FX Strategist at Commerzbank...