AUD/NZD trades near the 1.0900 zone with minor losses on Friday. The pair maintains a bullish outlook despite mixed short-term signals. Key support is clustered below 1.0880, with resistance near 1.0920. The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the…
AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision. US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty. Technical levels suggest support at 0.6399 and resistance near 0.6414, reflecting a range-bound market. The AUD/USD pair is trading around the 0.6400 level during European trading hours on Friday, reflecting…
XAG/USD capped at $32.73 (50-day SMA), supported by 100-day SMA near $31.88 amid choppy trade. RSI flat near neutral; a break above $33.00 is needed to turn bias bullish toward $33.50–$34.51 A drop below $32.00 may expose $31.65 and the 200-day SMA at $31.23 as bearish pressure builds. Silver prices edged lower on Friday, with…
USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data. US consumer sentiment weakened in early May, raising concerns about the economic outlook. Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320. The USD/CHF pair is trading higher on Friday, testing a significant…
USD/CAD trades with a negative bias in the weekly range amid a softer USD, rising Oil prices. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the 1.4000 confluence will be seen as a fresh trigger for bulls. The USD/CAD pair attracts some sellers for the second straight…
1) Follow the leader: Growth vs value Another of my daily go-to charts is the ratio between Large Cap Growth and Large Cap Value. The chart below shows the relative strength between these via the SPYG (SPDR S&P 500 Growth) and SPYV (SPDR S&P 500 Value) ETFs. This chart is from FastTrack. Growth, in general,…
AUD/NZD trades around the 1.0900 zone with limited movement in Wednesday’s session. Mixed signals from momentum indicators, though shorter-term averages favor buyers. Key support levels sit below, while resistance aligns near recent highs. The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian…
The US Dollar Index could retest the 50-day EMA near the 101.78 level. Technical analysis indicates a continued bullish bias, as the index remains within an ascending channel. The DXY is testing its initial support at the nine-day EMA of 100.47. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD)…
Selling pressure was across sectors but more prominent in private banks, realty and energy stocks. Source link
The markets continued consolidating for the third day in a row and closed Friday on a flat note. The markets saw a stronger-than-expected start and trended higher, forming its high point in the morning session. However, by afternoon, the Nifty had given up all its gains and had also slipped into the negative zone, forming…