Introduction: The EUR/USD has had a promising start to the week and has extended its bullish move. The pair has broken above the key resistance level of 1.0800 and is expected to continue its upward trend. In this article, we will examine the current market sentiment and technical analysis for
The EUR/USD has been experiencing a turbulent ride lately, with various factors impacting its value. However, economists at Nordea expect the pair to continue to grind higher in the coming months, despite the current market conditions. One of the factors affecting the value of the EUR/USD is the impact of
The USD/JPY pair is on a positive note as it builds on Friday’s rebound from the 129.65 region. The pair has touched new daily highs around the 131.75 region in the early North American session. USD/JPY Pair Continues to Rise, Touches New Highs The USD/JPY pair has been on a
Introduction: GBP/USD is a popular currency pair in the forex market, representing the exchange rate between the British pound and the US dollar. Traders and investors closely monitor the fluctuations in the currency pair to make informed trading decisions. In this article, we will analyze the current trading situation of
Introduction The EUR/USD currency pair has been on an upward trend since early March, despite facing challenges such as the recent collapse of SVB Financial. While this event caused a market tailspin, the EUR/USD has remained within its ascending trend channel. In this article, we will explore what an ascending
The EUR/USD currency pair is currently hovering around the 1.0760/70 level, showing a cautious stance due to fluctuating risk appetite trends that are affecting the forex market. The euro has been struggling to gain traction against the US dollar as investors weigh the impact of the coronavirus pandemic on the
The Federal Reserve signaled a dovish stance in its latest FOMC statement, replacing language that suggested further rate hikes with a more cautious tone. Markets are now pricing in potential rate cuts by year-end. FOMC Statement Signals Dovish Stance The Federal Reserve has taken a cautious stance in its latest
Introduction: The Euro fell against the US dollar as the New York session ended, due to a risk-on impulse and a banking crisis that threatens to spread across the Eurozone. The shared currency weakened by 0.64% or 69 pips and is currently trading at 1.0759. This article will provide an
Société Générale economists report that EUR/USD has staged a steady bounce after defending 100-DMA at 1.0520 but the move faltered near 1.0910. The pair must hold above this Moving Average to avoid a deeper pullback. EUR/USD Bounces but faces resistance EUR/USD has been on a rollercoaster ride in recent months,
Introduction The EUR/USD currency pair has been showing a bullish trend in recent days, closing positively for four straight trading days. The currency pair is expected to continue this momentum and surpass the 1.08 barrier, according to economists at ING. However, they also warn of possible downside risks stemming from
The EUR/USD currency pair has held an upside bias near the 1.0800 region due to several factors. Firstly, the European Central Bank (ECB) President, Christine Lagarde, has commented that underlying inflation dynamics remain strong, which has boosted investor sentiment. Additionally, the anticipation of the Federal Reserve’s (Fed) interest rate decision
The AUD/USD may experience further downside as investors lose confidence in the Reserve Bank of Australia’s (RBA) ability to control stubborn inflation. While the RBA has acknowledged concerns about the volatility of monthly Consumer Price Index (CPI), investors are not convinced that their response is adequate to contain the consequences