Introduction: The EUR saw a surge in early NY trade, reaching a 1-1/2 month high of 1.0000, exceeding expectations for the day. However, while further EUR strength appears likely, overbought conditions suggest limited upside with major resistance at 1.0335. EUR Surges in Early NY Trade Despite earlier expectations for the.
Introduction The AUD/USD pair has shown a steady upward trend for the second successive day, maintaining stability above mid-0.6600s, as traders look forward to the release of the latest US consumer inflation figures. The current market sentiment seems to be dominated by cautious optimism, as investors speculate on the impact.
The USD/JPY pair has been struggling in recent times as the Federal Reserve approaches the end of its rate-hiking cycle. As a result, the US Dollar (USD) is near its weekly low, and this has acted as a headwind for the pair. The Federal Reserve has been steadily increasing interest.
Introduction The foreign exchange market has been volatile for a while now, and the British pound is no exception. Sterling hit an early April peak around 1.2525 but has since then lost a bit of momentum. The Bank of England’s Governor, Andrew Bailey, has cautioned investors against making assumptions regarding.
The EUR/USD pair has been trading higher overall in the session, but short-term price action suggests that the gains are a bit of a grind and are attracting some selling pressure on modest gains. The broader trend higher in the EUR has lost a little momentum, but the bullish alignment.
Introduction The Australian dollar (AUD) has had a difficult start to the year, with lackluster performance in Q1 and a sluggish start to Q2. According to economists at Société Générale, this trend is expected to continue, with the AUD/USD pair forecasted to remain below the key 0.70 mark. AUD Performance.
Introduction: The Japanese yen has been affected by speculation over the Bank of Japan’s (BoJ) policy shift, causing the USD/JPY to struggle to break key resistance levels between 135 and 137. Economists at MUFG Bank have weighed in on the potential impact of the BoJ’s policy shift on the yen.
Introduction: The GBP/USD pair has seen some significant ups and downs over the past few days, with the pair hitting a one-week low around the 1.2345 region. However, the pair has since rebounded, with buyers taking over and pushing the pair higher. In this article, we will take a closer.
The EUR/USD currency pair has been steadily climbing from its low on Monday, with economists at Scotiabank predicting that it will soon push above the 1.10 handle. This rise is being driven by a number of factors, including positive economic data and a weaker US dollar. One of the main.
The US Dollar Index, which had been on the rise over the previous four trading days, fell towards 102.00 on Tuesday as investors awaited the highly anticipated March Consumer Price Index (CPI) data from the US. The lack of demand for the USD has led to a weakening of the.
The AUD/USD pair has bounced back from a two-week low, attracting buyers near the mid-0.6600s on the first day of a new week. Spot prices, however, lack follow-through and trade with a mild positive bias, around the 0.6675-0.6680 area during the first half of the European session. The AUD/USD pair.
The GBP/USD pair has seen some volatility during the first half of the European session, as it reversed an intraday dip to sub-1.2400 levels and turned positive. However, the pair currently lacks follow-through, with its gains remaining limited. At the time of writing, the GBP/USD pair trades around the 1.2420-1.2425.