The USD/THB faces some side-line trading in the near term (UOB).
Markets Strategist Quek Ser Leang at UOB Group suggests the USD/THB is likely to navigate between 35.68 and 36.35 in the next few sessions. Key Quotes The strong surge in…
Forex Trading
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Gold Price Forecast: XAU/USD shines as US yields drop amid an upbeat market mood
Gold The gold price recovered some ground after hitting a weekly low of $1913.99, though it remains shy of breaking solid resistance at around the 50-day moving average (DMA) at…
EUR/NOK needs US data to turn to move back down – ING
Norges Bank is widely expected to raise rates by 25 bps. Economists at ING analyze NOK’s outlook ahead of the Interest Rate Decision. NOK could receive some short-term support, but a longer recovery relies on…
Ahead of the Fed speakers, the EUR/USD declines again towards 1.0700 as the ECB blackout starts.
As the European session begins on Thursday, the EUR/USD pair reverses the previous day’s corrective bounce off a multi-day low and takes offers to retest the intraday low near 1.0718.…
USDIDR Price News Rupiah drops to 15,100 on softer Indonesia Inflation, upbeat US Dollar
USD/IDR justifies downbeat Indonesia Inflation during early Thursday as bulls prod the 15,120 level to print mild gains heading into the European session. Apart from the downbeat Indonesia inflation, the…
NZDUSD Price Analysis Kiwi rebound needs acceptance from 0.6220 and NZUS employment
NZD/USD snaps a three-day downtrend as it extends late Friday’s rebound from a two-month-old ascending support line towards 0.6200 heading into Monday’s European session. In doing so, the Kiwi pair…
EURDKK to keep inching higher and round up to 7.46 around the turn of the year – ING
EUR/DKK has climbed steadily in July after a short-lived dip below 7.4460 on 30 June. Economists at ING analyze the pair’s outlook. DN to follow the ECB with a 25…
USD/CHF Price Analysis: Sticks to modest gains, lacks follow-through ahead of FOMC
The USD/CHF pair attracts some buying near the 0.8630 area, or a multi-day low touched during the Asian session on Wednesday and for now, seems to have stalled the previous day’s…
AUDUSD rises to 0.6770 area on more stimulus promises from China, modest USD downtick
The AUD/USD pair attracts fresh buying following the Asian session dip back closer to a technically significant 200-day Simple Moving Average (SMA) and turns positive for the second successive day…
AUDUSD finds intermediate support above 0.6700 ahead of US PMI and Aussie Inflation
The AUD/USD pair has found temporary support around 0.6720 in the Asian session. The Aussie asset is consistently declining from the past week as the US Dollar Index (DXY) makes a solid comeback…