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USDCAD Drops from 2020 High on Oversold Signals

The Canadian dollar fell to a May 2020 low, impacted by rising dollar, falling oil prices, and slow growth in China, despite Canada's strong economic indicators

[FxNews]

USDMXN Dips Amid Banxico Rate Cut

Mexican peso rises to $20.23as Banxico cuts rates by 25 bps, targets 3% inflation by late 2025, despite U.S. Fed uncertainty and trade policy worries.

[FxNews]

WTI Crude Dips to $68.5 as Norway Field Restarts

WTI crude dropped to $68.5 after Norway's Johan Sverdrup oilfield resumed partial production.

[FxNews]

Gold Nears Key Fibonacci as Fed Rate Cut Odds Dip

Fxnews.me—Gold is about to test the 38.2% Fibonacci retracement level, while Stochastic Signals are overbought. The chance of a 0.25% Fed rate cut has fallen below 59%.

The gold's downtrend is valid if the prices are below %50 Fibonacci.

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Gasoline Prices Stabilize at $2 Amid Bullish Signals

FxNews—Gasoline prices formed a bullish FVG after exceeding the 38.2% Fibonacci. After filling the gap, a rise toward the 61.8% level is likely. A break below 38.2% Fibo should cancel the bullish outlook.

[FxNews]

Oil Prices Dip as Bears Target $66.8 Support

FxNews—Crude oil prices trend bearishly below SMA lines, with sellers aiming to push below the critical $66.8 support. In this scenario, the downtrend will likely extend to the September 2024 low, the 65.3 support.

[FxNews]

Watch USDCHF for a Potential Drop to 0.880

USDCHF approaches critical 0.8835 resistance, with the potential to reach 50% Fibonacci and August 15 high if bearish momentum continues.

[FxNews]

USD/JPY Potential Rise to 161.9 on Breakout

USD/JPY could initiate a bullish run toward 161.9 if it stabilizes above the 157.5 resistance level. Watch for potential gains.

[FxNews]

NZD/USD Downtrend Deepens Past August Lows


NZD/USD falls below the 100-SMA, breaching August lows. The bearish trend continues, with resistance at $0.581, targeting the October low at $0.577.

[FxNews]

GBPUSD Nears Key 1.261 Mark Amid Oversold Signals

GBP/USD is testing 1.261 resistance in a robust bear market, and if resistance holds, it could drop to 1.245.


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