Akhtar Faruqui | TalkMarkets | Page 1
Forex Analyst
Contributor's Links: FX Street
Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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EUR/GBP Depreciates To Near 0.8400 Due To Political Uncertainty In Europe
EUR/GBP loses ground due to uncertainty surrounding the upcoming European parliamentary elections. ECB President Christine Lagarde is expected to speak at the 30th Dubrovnik Economic Conference on Friday.
USD/CAD Price Analysis: Hovers Around 1.3750; Grapples To Return To Rising Channel
USD/CAD could test the lower boundary of the rising channel, potentially rebounding to re-enter the rising channel. Further movements on the 14-day RSI will provide a clearer directional indication.
WTI Stays Timid Around $78.00 Ahead Of US PPI
WTI Oil price remains steady ahead of the release of US producer price figures on Thursday. Oil prices may weaken as higher interest rates dampen the economic growth in the United States.
USD/CAD Price Analysis: Rises To Near 1.3750 Nearing Lower Boundary Of Rising Channel
USD/CAD could test the lower boundary of the rising channel, potentially rebounding to re-enter the rising channel. A break below the 50 level on the 14-day RSI could indicate the emergence of a bearish bias.
USD/CHF Remains Timid Around 0.8950 Due To Investors’ Caution Ahead Of FOMC Decision
USD/CHF moves sideways ahead of the interest rate decision by the Fed. The Swiss Franc may appreciate due to the hawkish sentiment surrounding the SNB. CME FedWatch Tool suggests the probability of a Fed rate cut in September has decreased to 52%.
USD/CAD Appreciates To Near 1.3750 Due To Lower Oil Prices
USD/CAD gains ground due to the hawkish sentiment surrounding the Fed. CME FedWatch Tool suggests the odds of a Fed rate cut in September have decreased to nearly 49.0%. The decline in the WTI price put pressure on the commodity-linked CAD.
USD/CHF Remains Timid Around 0.8950 As Investors Await The Fed Policy Decision
USD/CHF remains calm due to thin trading as investors adopt a cautious stance ahead of the Federal Reserve’s interest rate decision scheduled on Wednesday.
AUD/JPY Edges Higher To Near 103.50 Due To Hawkish Sentiment Surrounding RBA
AUD/JPY gains ground as RBA expects to increase policy rates if inflation doesn’t return to the 1%-3% range. The Australian Dollar gained support as Trade Surplus widened A$6,548 million (US$4,321.68 million) in May.
GBP/JPY Falls Toward 198.50 After Hawkish Comments From Japan’s Finance Minister Suzuki
GBP/JPY depreciated as Japan’s Suzuki mentioned taking action against excessive currency volatility if needed. Japan's foreign exchange reserves declined to $1,231 billion in May, reaching their lowest level since February 2023.
Silver Price Forecast: XAG/USD Rises To Near $31.50 Due To Rising Hopes Of Fed Rate Cuts
Silver price continues to gain ground for the third successive session, trading around $31.50 during the Asian hours on Friday.
USD/CAD Edges Lower To Near 1.3650 Due To Improved Risk Appetite, Higher Oil Prices
USD/CAD retreats after two days of gains, trading around 1.3680 during the Asian session on Thursday. The US Dollar struggled after mixed economic data was released in the United States, which fueled interest rate cut speculations by the Fed.
USD/CAD Price Analysis: Maintains Position Above 1.3650 Due To Weakening Bearish Bias
USD/CAD could extend its gains as the 14-day RSI indicates a momentum shift toward the upside. The momentum indicator MACD also suggests a weakening bearish bias as converging below the signal line.
WTI Drops To Near $73.00 Due To Builds In US Oil Stockpiles
West Texas Intermediate (WTI) Oil price has dropped to four-month lows, trading around $73.10 per barrel during the Asian session on Wednesday.
USD/CAD Price Analysis: Rises Toward 1.3700 Despite A Bearish Bias
USD/CAD halts its three-day losing streak, trading around 1.3680 during the European hours on Tuesday.
Japanese Yen Depreciates As Global Bond Yields Reduce Safe-Haven Demand
The Japanese Yen (JPY) edges lower against the US Dollar (USD) on Tuesday as depreciation in global bond yields reduced safe-haven demand for the JPY.
WTI Drops Below $74.00 As OPEC+ Plans To Ease Oil Production Cuts
West Texas Intermediate (WTI) Oil price continues to decline for the fifth consecutive day, trading around $73.90 per barrel during the Asian session on Tuesday.
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