Introduction: The USD/JPY pair has been a topic of concern among traders and investors since the COVID-19 pandemic hit the world. The pair saw a steep decline, hitting multi-year lows due to the economic uncertainty brought by the pandemic. However, economists at MUFG Bank believe that the pair will stabilize.
The EUR/USD currency pair has held steady in Wednesday’s European morning, after giving up some of its gains from the previous two days. The euro is being supported by expectations that the Federal Reserve won’t raise borrowing costs by much more this year, and by signs that the banking sector’s.
Introduction The EUR/USD currency pair has been gaining strength in recent days, buoyed by a number of factors including positive economic data and a weaker US dollar. On Tuesday, the pair reached its highest level in a week following the release of German inflation figures, which showed a slight uptick.
The AUD/USD pair is a major currency pair that tracks the exchange rate between the Australian dollar (AUD) and the United States dollar (USD). The pair is widely traded in the foreign exchange market and is affected by a variety of economic and political factors. On Wednesday, the AUD/USD pair.
The USD/JPY has been on an uptrend since March 2020, and it seems that this trend is continuing with the currency pair breaking above 132.00. The USD/JPY had been correcting lower, and after reaching a low of 130.03 on March 24th, it began to reverse its downtrend. Following a correction.
The British Pound (GBP) has recently rebounded from fairly strong support levels against the US Dollar (USD), prompting speculation of further gains. This rebound follows a period of weakness for the GBP, which began in December 2021 and continued into early 2023. So, what has caused this reversal in fortune.
Introduction The EUR/USD pair is holding steady around the 1.0850 region on Wednesday, despite the stronger note in the US dollar. Traders and investors are keeping a close watch on the pair’s movements, which are influenced by several factors such as economic indicators, political developments, and global events. In this.
Introduction The USD/JPY currency pair has been in a downtrend since the middle of last week, with UOB Group’s economist Lee Sue Ann and markets strategist Quek Ser Leang predicting further weakness if the pair breaks below the key support level of 129.60. In this article, we will examine UOB.
The GBP/USD pair has been showing signs of volatility lately, with fluctuations occurring due to various economic and political factors. In European trade, the pair dipped but found support in the upper 1.22s. This trend has led economists at Scotiabank to suggest that the pair will test the mid 1.24s.
Introduction: The EUR/USD has had a promising start to the week and has extended its bullish move. The pair has broken above the key resistance level of 1.0800 and is expected to continue its upward trend. In this article, we will examine the current market sentiment and technical analysis for.
The EUR/USD has been experiencing a turbulent ride lately, with various factors impacting its value. However, economists at Nordea expect the pair to continue to grind higher in the coming months, despite the current market conditions. One of the factors affecting the value of the EUR/USD is the impact of.
Introduction: The AUD/USD pair has been in focus for traders and investors alike as it remains subdued and lacks a clear direction. The pair has been trading within a narrow band around mid-0.6600s, with spot prices hovering around a one-week low touched on Friday. Technical pressure has been weighing on.