Introduction: The USD/JPY pair has been struggling to find a clear direction in recent times. This is partly due to mixed factors at home, including a cautious mood ahead of key US data, as well as Good Friday’s off outside Japan. Despite printing mild losses, the Yen pair has been
Introduction The AUD/USD pair is a popular currency pair in the forex market, which shows the exchange rate between the Australian dollar and the US dollar. It is also known as the Aussie-Dollar. For the past three days, the pair has been under selling pressure, and this trend is expected
USD/JPY has been on a recovery path in recent weeks, bouncing back from the lows of the year. However, economists at Credit Suisse are sounding a cautionary note, as they see a potential bearish continuation pattern forming in the currency pair. The bearish “triangle” continuation pattern, according to technical analysts,
Introduction The British pound has been trading in a narrow range against the US dollar, consolidating around key support levels in the mid-1.24s. However, economists at Scotiabank are optimistic about the currency pair’s outlook, predicting an upward movement towards 1.2750. Background The GBP/USD is a currency pair that measures the
The AUD/USD pair is experiencing its second consecutive day of depression as it approaches an intraday low of 0.6730 during the early European session on Wednesday. The pair is reversing the corrective bounce induced by Reserve Bank of Australia (RBA) Governor Philip Lowe, while poking the 200-bar Exponential Moving Average
USD/JPY pair remains indecisive on a daily basis and trades at 131.70 as of Wednesday’s European session. The pair tracks the recent consolidation in the US Treasury bond yields amidst cautious market sentiment ahead of key US economic data releases. The recent weakness in the US Dollar has weighed on
GBP/USD initially dropped towards 1.2450, but it has since reversed its direction and climbed towards 1.2500 on the back of a renewed weakness in the US Dollar following the release of the ADP employment report, which showed a lower-than-expected increase in private sector jobs. The report’s disappointing figures have
The Australian dollar (AUD) ended March on a weaker note against the US dollar (USD), falling to around 0.7620 by the end of the month. This represented a modest decline from its mid-March levels of around 0.7800. The AUD has been under pressure due to several factors, including rising US
Introduction: The USD/JPY exchange rate is currently on an upward trajectory in the European session, gaining traction as risk sentiment rebounds amid firmer European equities and positive US S&P 500 futures. This article explores the factors driving the surge in the USD/JPY exchange rate. Positive Risk Sentiment Pushes USD/JPY Higher
Sterling surged above $1.25 on Tuesday, breaking its June record as traders turned bullish on the currency. Despite a Bank of England (BoE) policymaker suggesting rate cuts may soon be on the cards, traders seemed to have shrugged off the speculation and turned their focus on the currency’s potential. The
The AUD/USD pair has witnessed a sharp rebound from its four-day low of around 0.6650, as it continues to build on its solid intraday recovery during the mid-European session. Spot prices have spiked to the 0.6760 area, which represents a nearly one-month high in the last hour. Bulls are making
Introduction The Japanese yen (JPY) has recently emerged as a preferred safe-haven currency in times of economic uncertainty. With falling US yields and risk-off periods, investors are turning to the JPY to hedge against potential losses. However, economists at HSBC believe that local factors could provide support for the JPY