Introduction The USD/JPY currency pair has witnessed a remarkable rally, surging more than 300 pips in recent weeks. After consolidating below the 141.00 handle during the first half of June, the pair has shown significant strength, pushing closer to the psychological resistance level of 145.00. In this article, we delve
The AUD/USD currency pair has shown resilience, marginally recovering above the psychological level of 0.6800 after briefly slipping below it during the Asian trading session. This development aligns with technical analysis indicators, suggesting that the current pullback is unsurprising and may be short-lived. Furthermore, there is the potential for a
USD/JPY, the popular currency pair representing the exchange rate between the US dollar and the Japanese yen, has recently witnessed an impressive rally, reaching new heights in 2023. Traders and investors have been closely monitoring the pair’s price action, which has been guided by the golden cross signal. Despite entering
The USD/JPY pair has been trading in a narrow range of 134.69-135.36 for the past three days, as the market awaits the release of the US consumer price index (CPI) for April on Wednesday. The pair is currently hovering around the 135.00 mark, with a slight bearish bias. What’s
The British pound weakened against the US dollar on Thursday, as the greenback rallied across the board amid higher inflation expectations and bond yields. The GBP/USD pair extended its decline from the 1.2680 area, which was the highest level since April 2022, and touched a fresh weekly low of 1.2565
Introduction: The AUD/USD pair is a popular currency pair that represents the exchange rate between the Australian dollar and the US dollar. In recent days, the pair has attracted some sellers following an intraday uptick to the 0.6775 area on Wednesday and turned lower for the second successive day, though
Introduction: The exchange rate between the US dollar (USD) and the Japanese yen (JPY) is closely watched by investors and analysts as it reflects the strength of the US and Japanese economies. Recently, there has been speculation about the likelihood of the USD/JPY dropping to the 133.00 region. In this
Introduction The GBP/USD pair has been range-bound and consolidating for the past two days, confining itself in a narrow trading band. As of Wednesday’s European session, the pair remains steady above the 1.2600 mark, showing little indication of breaking out of its current sideways movement. Factors Affecting GBP/USD Consolidation One
Introduction The AUD/USD pair continued its downward trend on Tuesday, holding lower grounds near 0.6775. The pair extended its pullback from an intraday high, experiencing its first daily loss in seven. The decrease in value of the Australian dollar can be attributed to downbeat China trade numbers for April, as
Introduction: The AUD/USD pair has been on the rise, scaling higher for the second straight day and reaching a nearly two-week high. The move comes as the US dollar weakens on the back of expectations for a less hawkish Fed. However, despite this bullish sentiment, there are concerns that a
Crypto analyst Andrew T, who is also part of the Nansen.ai team, has shared that smart money has not been buying USDC, despite its recent re-pegging. In a tweet this morning, he noted that the re-pegging was retail-driven, and that both institutional and retail investors remain hesitant to invest in
Introduction: Day trading is a term that refers to the practice of buying and selling financial assets, such as stocks, within a single trading day. While it can be a lucrative way to make money, it is also a high-risk endeavor that requires a great deal of skill and discipline.