Rally fades into range trade against US Dollar – UOB

Rally fades into range trade against US Dollar – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note that GBP/USD gapped lower after briefly breaking above 1.3445, with momentum turning down and risks of a test below 1.3360, though 1.3320 is seen as distant for now. They judge that the advance from late last month has ended and expects a 1.3320–1.3445 range in coming […]

Hovers around nine-day EMA near 162.00

Hovers around nine-day EMA near 162.00

USD/JPY gains ground after two days of losses, trading around 162.00 during the Asian hours on Monday. The currency pair is keeping a bullish near-term bias as spot holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). Additionally, the daily technical analysis indicates that the USD/JPY pair is remaining within an ascending channel […]

XAG/USD falls to near $59.00 amid rising US-Iran strikes

XAG/USD falls to near .00 amid rising US-Iran strikes

Silver price (XAG/USD) extends its gains for the second successive day, trading around $59.00 per troy ounce during the Asian hours on Monday. The price of the non-yielding white metal falls as escalating United States (US)-Iran missile strikes push oil higher, sparking fears of inflation and higher interest rates. The US Central Command (CENTCOM) launched […]