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NZD/USD seen trading between 0.6375 and 0.6485 – UOB

NZD/USD remains side-lined for the time being and it is likely to navigate within the 0.6375-0.6485 range, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “NZD traded sideways between 0.6421 and 0.6455, relatively close to our expected range of 0.6425/0.6460. The...

Gold eases from two-week highs, trades below $1,590

10-year T-bond yield extends slide after long weekend. Risk aversion on Tuesday helps gold find demand as a safe-haven. Wall Street looks to open in red amid resurfacing coronavirus worries. The XAU/USD pair fluctuated in a tight range on Monday in the absence of significant...

Gold Price News and Forecast: XAU/USD at two-week high on virus fears

Gold: Look at weakness as a chance to buy [Video] We are turning more positive on gold once more. The consolidation that arose in the wake of the sharp correction back from $1591 is now growing with a positive bias once more. Although the move is not decisive, there is a more...

EUR/GBP weaker, around YTD lows near 0.8300

EUR/GBP met further selling pressure on Tuesday. GBP-buying dragged the cross briefly to sub-0.8300 levels. UK labour market report came in mixed in January. The renewed upside momentum in the sterling is forcing EUR/GBP to trade in the lower bound of the yearly range in the...

Empire State manufacturing survey and Canadian manufacturing sales in focus – TDS

Analysts at TD Securities (TDS) offered a brief preview of Tuesday's second-tier US and Canadian macro data, scheduled to be released during the early North-American session. Key quotes: “The coming week will bring early indications of the macro impact of the viral...

US Dollar Index Price Analysis: Rally looks overbought near 99.30

The upside momentum in DXY seems unabated near 99.30. The next target on the upside remains at 99.37 (September 3rd, 2019). DXY keeps pushing higher in the first half of the week and is already trading at shouting distance from the next target at 99.37. The current overbought...

EUR/JPY Price Analysis: The resumption of the decline could test 118.00 (and below)

EUR/JPY loses the grip further and drops to new YTD lows around 118.70. The negative view remains unchanged while below the 200-day SMA. EUR/JPY faded Monday’s advance and it has resumed the downside on Tuesday, printing fresh 2020 lows in the 118.75/70 band. If the selling...

EUR/GBP: Rallies seen faltering around 0.8380 – Commerzbank

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted that occasional bullish attempts in the European cross could run out of steam in the 0.8380 zone. Key Quotes “EUR/GBP is finding some near term support around .8300 and is seeing a minor bounce....

EUR/USD: Negative phase stays well on the cards – UOB

According to FX Strategists at UOB Group, the bearish note in EUR/USD remains unaltered for the time being. Key Quotes 24-hour view: “EUR traded between 1.0820 and 1.0850 yesterday, narrower than our expected sideway-trading range of 1.0820/1.0860. The price action is viewed as...

GBP/USD jumps to fresh daily highs above 1.3030

UK's Sunak announces that budget will be delivered on March 11th. Unemployment Rate in UK remained steady at 3.8% in December. US Dollar Index stays in green near 99.20. After spending the first half of the day moving sideways near the 1.3000 handle, the GBP/USD gained...