Free Forex Signals

EUR/USD remains under pressure in the lower end of the range.Further decline could see the 2022 low at 0.9863 revisited.EUR/USD alternates gains with losses around the 0.9900 region on Wednesday.

Against that, the inability of the pair to regain serious upside traction should keep the door to further retracement open in the near term. Extra losses face the immediate target at the 2022 low at 0.9863 (September 6) seconded by 0.9859 (December 2002 low) and then 0.9685 (October 2002 low).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0773.

EUR/USD rebounds modestly, trades near 0.9900

EUR/USD has managed to stage a recovery and climbed above 0.9900 in the early American session on Wednesday. In the absence of high-tier macroeconomic data releases, investors await comments from FOMC officials and the Fed’s Beige Book.

EUR/USD News 

USD/CAD trades below 1.3200 following BoC’s 75 bps hike

USD/CAD has edged lower and declined below 1.3200 on Wednesday after the BoC announced that it hiked its policy rate by 75 bps to 3.25%. In its policy statement, the BoC reiterated that rates will need to rise further given the inflation outlook.

USD/CAD News 

Gold struggles to hold above $1,700 despite falling US yields

Gold has lost its recovery momentum and dropped below $1,700 during the American trading hours on Wednesday. The benchmark 10-year US Treasury bond yield is down more than 1% on the day, helping XAU/USD limit its losses for the time being.

Gold News 

Ripple price crushes bulls’ dreams as European energy crisis heats up

XRP slipped overnight in the last trading hours after sentiment shifted 180 degrees as geopolitical issues flared up again and energy issues reached boiling point in Europe.