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EUR/USD forecast: uptick in Euro Area core CPI expected
The update to the Euro Area’s Consumer Price Index (CPI) may fuel the recent rebound in EUR/USD as the report is anticipated to show sticky inflation.
NZD/USD susceptible to negative slope in 50-Day SMA
NZD/USD may track the negative slope in the 50-Day SMA (0.6294) as it struggles to retain the advance from the yearly low (0.6085).
AUD/USD rate forecast: bear flag takes shape
AUD/USD may track the negative slope in the 200-Day SMA (0.6759) as a bear flag takes shape.
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Oil price rebound pulls RSI out of oversold territory
Recent developments in the Relative Strength Index (RSI) raises the scope for a larger rebound in the price of oil as the oscillator climbs above 30 to indicate a buy signal.
Gold price forecast: RSI sell signal emerges
The price of gold may face a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory.
USD/CAD faces Canada CPI ahead of Fed rate decision
The update to Canada’s Consumer Price Index (CPI) may prop up USD/CAD as the report is anticipated to show a further slowdown in inflation.
EUR/USD rate continues to defend January low
EUR/USD may stage a larger rebound as it continues to hold above the January low (1.0483).
NZD/USD fails again to test monthly high
NZD/USD approaches the weekly low (0.6137) after staging another failed attempt to test the monthly high (0.6276).
AUD/USD rate outlook mired by failure to test 200-Day SMA
AUD/USD appears to be reversing course ahead of the 200-Day SMA (0.6768) as it fails to clear the week high (0.6717).
Gold price rallies as SVB failure casts doubt for Fed rate hikes
Developments coming out of the US may keep the price of gold afloat as the update to the US Consumer Price Index (CPI) is anticipated to show slowing inflation.
USD/CAD 2022 high remains on radar as RSI holds in overbought zone
USD/CAD may stage further attempts to test the 2022 high (1.3978) as the Relative Strength Index (RSI) holds in overbought territory.
USD/JPY outlook mired by failure to test December high
USD/JPY appears to be reversing ahead of the December 2022 high (138.18) as it fails to hold above the 200-Day SMA (137.47).
EUR/USD takes out February low ahead of US jobs report
Developments coming out of the US may keep EUR/USD under pressure as the Non-Farm Payrolls (NFP) report is anticipated to show another rise in employment.
Gold price fails to defend March opening range
The price of gold may continue to give back the rebound from the February low ($1805) as it fails to defend the opening range for March.
AUD/USD defends January low ahead of RBA rate decision
AUD/USD appears to be defending the January low (0.6688) as it holds within last week’s range.
USD/CAD struggles to test January high ahead of BoC rate decision
The Bank of Canada (BoC) interest rate decision on March 8 may prop up USD/CAD as the central bank moves to the sidelines.
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#Stocks start day higher - everything you need to know: https://t.co/FzdU0kov8b • US indices track European markets higher • Banks and techs among sectors to watch • Nasdaq 100 looks poised for bullish breakout https://t.co/JQiyeVTibS
1:34 PM − 29 Mar 2023
USD/JPY approaches 200-Day SMA while RSI flirts with overbought zone
A move above 70 in the Relative Strength Index (RSI) may accompany a further advance in USD/JPY like the price action seen last year.
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EUR/USD rebound susceptible to slowdown in EZ CPI
A slowdown in the Euro Area’s Consumer Price Index (CPI) may drag on EUR/USD as it encourages the European Central Bank (ECB) to winddown its hiking-cycle.
Gold price rebound keeps RSI out of oversold territory
The price of gold may stage a larger rebound over the coming days as the Relative Strength Index (RSI) appears to be reversing ahead of oversold territory.
USD/CAD clears February opening range ahead of Canada CPI
USD/CAD may continue to appreciate ahead of the update to Canada’s Consumer Price Index (CPI) as it pushes above the opening range for February.
USD/JPY to eye 200 Day-SMA on break above January high
USD/JPY may attempt to test the 200-Day SMA (136.88) if it pushes above the January high (134.78).
AUD/USD eyes monthly low ahead of Australia jobs report
The update to Australia’s Employment report may curb the recent weakness in AUD/USD as the release is anticipated to show rebound in job growth.
EUR/USD vulnerable to upbeat US retail sales report
EUR/USD may struggle to retain the rebound from the monthly low (1.0656) as the US Retail Sales report is anticipated to show a rebound in household spending.