Author: admin

USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control.RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs.Upside targets include 0.8025 and 100-day SMA at 0.8109; downside risks point to yearly low at 0.7872.USD/CHF advanced during the North American session, yet it remains consolidating at around the 0.7950-0.8000 range ahead of the next week Federal Reserve’s monetary policy meeting. The pair trades at 0.7966 up 0.12%.USD/CHF Price Forecast: Technical outlookThe USD/CHF daily chart shows that price action is poised to test yearly lows. Spot prices remain…

EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC.ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility.EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week’s monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged.Euro ends week modestly higher as soft US…

The Dow Jones recoiled on Friday after tapping record highs this week.Consumer sentiment indicators showed a steeper-than-expected decline.Next week’s upcoming Fed rate call will also include an SEP update.The Dow Jones Industrial Average (DJIA) pared gains on Thursday, slipping back below 46,000 after chalking in record levels through the midweek sessions. University of Michigan (UoM) Consumer Sentiment Index figures for September declined much faster than forecasts expected, and long-term inflation expectations also rose.The Federal Reserve (Fed) is broadly expected to trim interest rates on September 17 in the face of crumbling labor market data despite a near-term uptick in inflation.…

Gold rebounds after weak UoM sentiment and soft jobs data boost rate cut bets.Payroll revision and rising Jobless Claims outweigh steady inflation prints earlier in the week.Geopolitical tensions and looming 25 bps Fed cut keep safe-haven demand strong ahead of September SEP.Gold prices rise over 0.44% during Friday’s North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At the time of writing, XAU/USD trades at $3,649 after hitting a daily low of $3,630.Bullion rises on weak Consumer Sentiment, Jobless Claims boost Fed easing betsThe week…

WTI trims intraday gains after facing resistance at the 21-day SMA.Technical resistance remains firm, with price action capped near $63.50 and momentum indicators signaling subdued trend strength.Immediate support rests at $61.50; a break lower could expose $60.50–59.50.West Texas Intermediate (WTI) Crude Oil reversed course during the American session on Friday, paring intraday gains after hitting a daily high of $63.69. The US benchmark faced renewed selling pressure as bears defended the 21-day Simple Moving Average (SMA), a level that has repeatedly capped upside momentum in recent days.At the time of writing, WTI is changing hands near $62.30, still up nearly…

EUR/USD rebounds from intraday lows near 1.1700 but remains under pressure.UoM Consumer Sentiment drops to 55.4, missing estimates and marking a four-month low.Russia and Belarus launched the Zapad-2025 military drills on Friday, prompting Poland to close border crossings with Belarus.The Euro (EUR) trades on the back foot against the US Dollar (USD) on Friday, with EUR/USD hovering around 1.1720, stabilizing after dipping to intraday lows near 1.1700.The mild recovery comes as the Greenback eases from session highs after the University of Michigan’s preliminary September survey revealed weakening consumer confidence alongside sticky inflation expectations.The headline Consumer Sentiment Index fell to 55.4…

GBP/USD eases after a daily high of 1.3580, as the US Dollar recovers despite softer US sentiment and sticky inflation.Fed is expected to cut 25 bps next week, with SEP clarifying forward guidance; Deutsche Bank sees three cuts in 2025.UK GDP stagnates in July, while the BoE is likely to hold rates at 4%, narrowing policy divergence with the Fed.The Pound Sterling (GBP) retreats during the North American session on Friday by a modest 0.10% as the US Dollar (USD) recovers some ground, after a week that witnessed US inflation remaining steady above the Fed’s 2% goal but controlled. GBP/USD…

The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting after the previous day’s rebound.The GBP remains under pressure in the forex market, however, held back by persistent concerns over the health of the UK labour market ahead of next Tuesday’s release of key employment statistics.Forex investors are awaiting this data with caution as the Bank of England (BoE), which holds its monetary policy meeting next week, could adjust its rate-cutting cycle in line with developments in the labour market.Against this backdrop, GBP/USD volatility…

Gold consolidates near $3,650, holding in a narrow range after this week’s record high near $3,675.Safe-haven demand remains strong, driven by global trade tension and geopolitical risk.Markets have fully priced in a 25 bps cut at the Fed’s September 17 meeting, a +90% probability says CME Fedwatch Tool.Gold (XAU/USD) is trading with a positive tone on Friday, consolidating near $3,650 mark after rebounding from Thursday’s pullback. The precious metal remains stuck in a narrow range after notching an all-time high near $3,675 earlier this week.Despite the sideways price action, Gold is on course for a fourth straight weekly gain, supported…

The Canadian Dollar gains traction against the US Dollar, with USD/CAD slipping below 1.3850.University of Michigan survey signals weaker consumer sentiment and expectations.BoC under pressure to ease, with economists forecasting a 25 bp rate cut on September 17 amid fragile domestic conditions.The Canadian Dollar (CAD) strengthens modestly against the US Dollar (USD) on Friday, with USD/CAD hovering around 1.3840 during the American session. The pair is on track to record its second consecutive weekly gain, as the Greenback steadies following Thursday’s Consumer Price Index (CPI)-induced decline.Fresh data from the University of Michigan underscored a cooling in household confidence. The University…