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Editors’ Picks

EUR/USD struggles around 1.2050 amid dollar strength, ahead of US PMI

EUR/USD is pressured around 1.2050 as returns on US debt advance, supporting the dollar. German states have reported mixed CPI reads for February. The US ISM Manufacturing PMI and the ECB's weekly bond purchases are awaited. 

EUR/USD News

GBP/USD retreats from 1.40 as US yields resume their rise

GBP/USD is trading around 1.3950 but off the highs. US bond yields have resumed their gains, boosting the dollar. The US ISM Manufacturing PMI and stimulus news are awaited. Markit's final UK Manufacturing PMI for February was revised up to 55.1 points.

GBP/USD News

Dogecoin on the verge of a 50% breakout

DOGE price is consolidating in a descending triangle pattern, hinting at a 50% breakout soon. It has slid below the support provided by the 50, 100, and 200 four-hour moving averages indicating a lack of buyers.

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XAU/USD trims a part of intraday gains, bearish bias remains

Gold gained some positive traction on Monday, albeit lacked any follow-through buying. The set-up favours bearish traders and supports prospects for a further depreciating move. A sustained move beyond the $1772-73 region might prompt some short-covering bounce.

Gold news

US Dollar Index struggles for direction just below 91.00 ahead of ISM

The greenback meets strong resistance in the vicinity of the 91.00 neighbourhood when tracked by the US Dollar Index (DXY) at the beginning of the week.

US Dollar Index News

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