Introduction: The EUR/USD pair has been in a state of indecision in early Monday trading, bouncing off the intraday low and defending the 10-DMA support. Despite this, the Euro pair remains largely sidelined and is struggling to break the key horizontal hurdle from late January, around 1.0930. In this article,.
Introduction The Euro rose against the US dollar during the first quarter of 2023, hitting its highest level since April 2022 in early February. However, the currency’s upward momentum was short-lived as global markets experienced a risk-off mood, prompting sellers to return and preventing the Euro from breaking through a.
Introduction: The AUD/USD pair has been experiencing heavy selling pressure in recent days amidst a retracement slide from its highest level since February 24. This has led to spot prices trading around the 0.6700 round figure during the early North American session. In this article, we will explore the factors.
Introduction The USD/JPY currency pair has been trading sideways for hours until it broke to the downside, hitting fresh weekly lows following the release of the US ADP Employment report. The pair is currently testing the 131.00 area amid a weaker US dollar. The US ADP Employment Report The ADP.
The GBP/USD pair saw a tumultuous year in 2022, marked by a series of events that sent shockwaves through the financial world. The ongoing COVID-19 pandemic and the resulting global economic downturn weighed heavily on both the British pound and the US dollar. Additionally, the uncertainty surrounding Brexit negotiations and.
Introduction: The EUR/USD currency pair is one of the most popular currency pairs in the world. It represents the exchange rate between the Euro and the US Dollar, and it is widely used by traders and investors as a benchmark for the overall health of the global economy. Recently, the.
The US Dollar (USD) has rebounded early on Wednesday, following heavy losses against its major rivals on Monday and Tuesday. While the US Dollar Index (DXY) initially edged lower with the release of disappointing macroeconomic data from the US, it held its ground due to renewed concerns over a slowdown.
Introduction: On April 7, 2023, the US Dollar rose briefly against the Australian Dollar (AUD) after the release of the March US employment report. The move caused AUD/USD to fall to 0.6639, the lowest level since March 27. However, the reaction was limited due to tight volume, and the pair.
Introduction The forex market is a global marketplace where traders buy and sell different currencies with the aim of making a profit. One of the most popular currency pairs in the forex market is the USD/JPY. This pair represents the exchange rate between the US dollar and the Japanese yen..
Introduction: The GBP/USD pair has experienced significant volatility in recent trading sessions, as a worse-than-expected US Nonfarm Payrolls report drove the pair lower. Despite the report indicating that the US economy added fewer jobs than expected, the initial reaction favored the US Dollar, causing the GBP/USD to tumble. In this.
Introduction: The EURUSD pair has been facing selling pressure over the last day and a half, failing to test the psychological level of 1.1000. As a result, the US Dollar has regained its safe haven appeal, leading to modest gains. This article delves deeper into the recent developments in the.
The EUR/USD has been experiencing some ups and downs recently, particularly during the North American session. On one hand, a solid US Nonfarm Payrolls report caused the EUR/USD to fall and retrace towards the 1.0900 figure. On the other hand, the Euro (EUR) is set to finish the week with.