The USD/JPY currency pair has been gaining significant traction in recent times, exhibiting a remarkable uptrend driven by the golden cross signal. As the pair continues to surge, it has now reached fresh highs in 2023, showing no signs of slowing down. However, market participants are cautious about the pair’s
The EUR/USD currency pair experienced a brief surge earlier in the week as it attempted to recapture the significant psychological level of 1.1000. However, this rally proved to be short-lived, as the pair failed to maintain its advance and ended the five-day period on a soft note near 1.0890. The
The EUR/USD currency pair is experiencing a period of consolidation as the European session gets underway, with the exchange rate hovering around the 1.0900 handle. Despite initial weakness in the US dollar (USD), the euro (EUR) has been unable to take full advantage of this early decline. This article provides
In a surprising turn of events, recent data reveals that traders in the EUR/USD market have shifted to net-long positions for the first time since June 15, 2023, at 14:00 GMT. This shift in sentiment comes as EUR/USD was trading near 1.09, marking a notable departure from previous market dynamics.
The EUR/USD currency pair showcased a promising start to the week as it rallied and momentarily recaptured the significant psychological level of 1.1000. Nevertheless, the pair was unable to maintain its upward trajectory, concluding the five-day period on a soft note near 1.0890. The sudden downturn was primarily fueled by
The GBP/USD pair experienced a drop of around 0.30% in the late New York session, settling around the 1.2700 level. The decline was driven by growing concerns of a potential recession in the UK, as recent data indicated a deceleration in business activity. Adding to the bearish sentiment was the
The EUR/USD currency pair is experiencing a shift in market dynamics, with a breakdown in market structure on the hourly time frame. This has opened up the possibility of a deeper correction in the days ahead. In this article, we will analyze the potential targets and levels to watch for
In this article, we delve into the recent analysis by UOB Group’s Economist, Lee Sue Ann, and Markets Strategist, Quek Ser Leang, to provide an in-depth EUR/USD forecast. As experts suggest that the loss of the 1.0900 level could remove strength from the Euro, the article explores the potential impact
Economists at ING delve into the EUR/USD outlook and assess the significance of the upcoming release of PMIs (Purchasing Managers’ Index) on the Euro. As the consensus suggests a decline in services PMI for the second consecutive month in the Euro area and Germany, with manufacturing expected to fare better,
Introduction: The EUR/USD currency pair experienced a reversal of its intraday gains during the Asian session, retreating from attempts to breach the psychological resistance level of 1.1000. This setback occurred as the USD Index found intermediate support, leading to selling pressure on the major currency pair. Meanwhile, the US Dollar
Introduction: In the foreign exchange market, the EUR/USD currency pair has been attracting attention as analysts from UOB Group, including Markets Strategist Quek Ser Leang and Senior Economist Alvin Liew, provide insights into its near-term outlook. With a focus on the 24-hour view and the next 1-3 weeks, their analysis
The USD/JPY currency pair has experienced a loss of momentum, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior Economist Alvin Liew. Their analysis suggests that after a recent sharp pullback, the pair has entered a consolidation phase. This article examines the key quotes from UOB Group’s experts