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 […]

Australian Dollar declines below 0.6950 as US, Iran launch new round of strikes

Australian Dollar declines below 0.6950 as US, Iran launch new round of strikes

The AUD/USD pair loses ground to near 0.6940 during the early Asian session on Monday. Renewed tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD). Traders brace for the release of the US Consumer Price Index (CPI) inflation data, which is due later […]