Articles written by FXStreet - Benzinga

Tezos Price Analysis: XTZ is only one bump away from all-time highs

Tezos battles the resistance at $3.5 for an ultimate breakout to the $4.5 all-time high. A bullish pennant pattern on the 4-hour chart hints at a potential trend toward $4.5. XTZ will turn bearish if the barrier at

USD/JPY: Upside momentum looks dented – UOB

USD/JPY now shifted its attention to the 104.80 level for the time being, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected USD to ‘trade between 105.25 and 105.75’ yesterday.

EUR/AUD to move lower towards 1.52 by late-2021 – Westpac

After a multi-month period of range trading, EUR/AUD has trended steadily lower since October 2020, reaching two-year lows. Economists at Westpac targets the 1.5250 mark in late 2021. Key quotes “We expect the

Forex Today: Musk launches Bitcoin rally, dollar falls with yields, stimulus and vaccine eyed

Here is what you need to know on Tuesday, February 9: Markets have been fascinated with Tesla's Bitcoin investment, which has sent BTC/USD to $48,000. The dollar is on the decline alongside yields and a

Gold Price Analysis: Revival of reflation trades amid US stimulus hopes boosts XAU/USD

Gold (XAU/USD) extends its recovery from two-month lows of $1785 into the third straight session on Tuesday, backed by the revival of the reflation trades amid growing optimism on the passage of a $1.9 trillion stimulus

EUR/USD: Euro weakness is transitory – ANZ

The sharp and sudden fall in euro area real yields following the unexpectedly high January inflation print is contributing to the latest bout of euro weakness and technical developments indicate the weakness in EUR/USD

NZD/USD sits near one-month tops, looking to build on momentum beyond 0.7250

A combination of factors continued driving NZD/USD higher for the third straight session. The underlying bullish sentiment dented the USD’s safe-haven status and benefitted kiwi. Retreating US bond yields

China's Foreign Ministry: Will take steps to ensure sovereignty as US carriers conduct drill in South China Sea

Commenting on the US carrier groups conducting exercises in the South China Sea, China’s Foreign Ministry spokesman Wang Wenbin said that they will continue to take necessary measures to ensure sovereignty,

AUD/NZD to drop towards 1.04 on a three-month view – Rabobank

The kiwi is the best performing G10 currency over the past six months and this reflects speculation that the Reserve Bank of New Zealand (RBNZ) may be among the first central banks to start rolling back its extraordinary

Gold Price Analysis: XAU/USD bulls challenge 100-SMA after triangle breakout

XAU/USD confirms symmetrical triangle breakout on the 4H chart. Acceptance above 100-SMA is critical to unleashing further upside. 200-SMA at $1863 is the next upside target amid bullish RSI. Gold (XAU/USD)

AUD/USD heads to the top of the channel at 0.7762 – Commerzbank

The US Dollar is under pressure on Tuesday and the AUD/USD pair continues to rebound from the 0.7600 area. The Aussie was last seen trading 0.7726, up 0.27% on the day, and the next resistance is seen at 0.7762, Karen

Natural Gas Futures: Room for extra upside

Open interest in natural gas futures markets extended the choppy activity and went up by around 5.6K contracts on Monday in light of advanced prints from CME Group. On the other hand, volume shrunk by around 206.4K

AUD/USD clings to gains near two-week tops, around 0.7720-25 region

AUD/USD gained traction for the third consecutive session on Tuesday. Retreating US bond yields undermined the USD and remained supportive. The upbeat market mood further benefitted the perceived riskier

Germany Imports (MoM) declined to -0.1% in December from previous 4.7%

Denmark Trade Balance climbed from previous 1.9B to 9.7B in December

Germany Current Account n.s.a. came in at €28.2B below forecasts (€28.8B) in December

Germany Trade Balance s.a. came in at €16.1B below forecasts (€16.3B) in December

Germany Exports (MoM) came in at 0.1%, above forecasts (-1%) in December

Denmark Current Account: 12.7B (December) vs previous 15.2B

NZD/USD could advance further and test 0.7280 – UOB

The positive momentum in NZD/USD could lift the pair to the 0.7280 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that ‘there is room