Trading Patterns

Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

Fed Chair Powell struggled to sound convincing about a hawkish Fed over the coming months. Economists at Commerzbank count on volatility round USD alternate prices to persist. Fed Chair Powell did now not persuade “Because Powell had sounded uber-hawkish in the past, he was once solely in a position to shock on the dovish facet or come throughout as impartial at best. But no longer always, no…
Read more

USD Index remains consolidative around the 106.00 region

WTI Price Analysis: Mildly offered near $85.50, further downside hinges on monthly support break

Fx News

USD/ZAR has the all-time high at 19.3446 in its crosshairs – Credit Suisse

USD/ZAR has maintained its uptrend for the duration of the 0.33 quarter of 2022. Analysts at Credit Suisse see manageable to attain the all-time excessive at 19.3446. Uptrend from April at 16.8571 to curb any correction lower “We count on a strong ruin above 18.0709 to in the end take place, even though we assume there is clearly room for in addition ascent to comply with toward the all-time…
Read more

USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

CFD News

Crude Oil Futures: Recovery seems unconvincing

Considering superior prints from CME Group for crude oil futures markets, merchants scaled lower back their open activity positions by using around 6.1K contracts on Thursday. In the identical line, quantity reversed two consecutive day by day builds and shrank markedly by means of round 108.6K contracts. WTI may want to retest current lows close to $81.00 Thursday’s uptick in expenditures of…
Read more

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target