The EUR/USD pair is one of the most popular and liquid currency pairs in the forex market. It represents the exchange rate between the euro and the US dollar, which are the two largest economies and reserve currencies in the world. The pair is affected by various factors, such as.
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.
The euro has lost some of its gains against the US dollar in recent days, as the US faces a looming deadline to raise its debt ceiling or risk defaulting on its obligations. The US debt ceiling is a legal limit on how much the federal government can borrow to.
The euro-dollar exchange rate is one of the most important indicators of the global economy, reflecting the relative strength and stability of the two largest currency areas in the world. However, the exchange rate is also influenced by political factors, such as the ongoing debt ceiling crisis in the US..
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 EUR/USD has been in a bullish momentum for quite some time, reaching a high of 1.1075 level. However, the bullish momentum seemed to have eased last week Thursday as the European Central Bank (ECB) decided to hike rates in line with consensus, which had already been priced in,.
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 Bitcoin (BTC/USD) has been hovering around the $25,000 figure in the Asian session, with recent buying and selling pressures affecting its price movements. In this article, we will provide a technical analysis of Bitcoin’s recent trends and price movements, including retracement levels, buying and selling pressures, and potential upside.
Ethereum (ETH) saw a decline of 2.82% on Wednesday, closing the day at $1,657. The decline was attributed to contagion risk resurfacing, with the focus turning towards Credit Suisse. The Swiss bank has been in the news recently due to the collapse of Archegos Capital Management, which led to a.