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In this article, we will look at the recent price action of EUR/USD and how to trade it after it bounced back from multi-week lows near 1.0900. We will also discuss the key levels to watch, the potential scenarios, and the best strategies to use.
author-avatar Mark Klocke
Analysis
May 12, 2023
12 May 2023

How to Trade EUR/USD After Rebounding From Multi-Week Lows

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 affect...
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USD/JPY Analysis: Consolidation Breakout Looms Ahead of US Inflation Data
author-avatar Martha Pulido
Analysis
May 11, 2023
11 May 2023

USD/JPY Analysis: Consolidation Breakout Looms Ahead of US Inflation Data

  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 mar...
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GBP/USD Slides Below 1.26 as Dollar Strengthens
author-avatar Martha Pulido
Analysis
May 11, 2023
11 May 2023

GBP/USD Slides Below 1.26 as Dollar Strengthens

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 ...
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How the US debt ceiling crisis affects the euro
author-avatar Mark Klocke
Analysis
May 11, 2023
11 May 2023

How the US debt ceiling crisis affects the euro

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 ...
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How the Debt Ceiling Crisis Could Affect the Euro-Dollar Exchange Rate
author-avatar Mark Klocke
Analysis
May 11, 2023
11 May 2023

How the Debt Ceiling Crisis Could Affect the Euro-Dollar Exchange Rate

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 fac...
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AUD/USD Trades with a Slight Negative Bias, Lacks Follow-Through
author-avatar Martha Pulido
Analysis
May 10, 2023
10 May 2023

AUD/USD Trades with a Slight Negative Bias, Lacks Follow-Through

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 Wedne...
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USD/JPY Unlikely to Drop to 133.00, Say Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group
author-avatar Martha Pulido
Analysis
May 10, 2023
10 May 2023

USD/JPY Unlikely to Drop to 133.00, Say Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group

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 likeliho...
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GBP/USD Remains in a Sideways Consolidative Price Move
author-avatar Martha Pulido
Analysis
May 10, 2023
10 May 2023

GBP/USD Remains in a Sideways Consolidative Price Move

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 br...
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EUR/USD: Bullish Momentum Eases as ECB-inspired Pullback Takes Over
author-avatar Mark Klocke
Analysis
May 10, 2023
10 May 2023

EUR/USD: Bullish Momentum Eases as ECB-inspired Pullback Takes Over

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 wit...
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AUD/USD Extends Pullback Amid Soft China Trade and Aussie Retail Sales Figures
author-avatar Martha Pulido
Analysis
May 9, 2023
09 May 2023

AUD/USD Extends Pullback Amid Soft China Trade and Aussie Retail Sales Figures

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 dolla...
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Bitcoin Technical Analysis: Recent Trends and Price Movements
author-avatar Zachary Williams
Analysis, Cryptos
March 17, 2023
17 Mar 2023

Bitcoin Technical Analysis: Recent Trends and Price Movements

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...
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Ethereum Falls Amid Contagion Risk and Bullish Indicators
author-avatar Zachary Williams
Analysis, Cryptos
March 16, 2023
16 Mar 2023

Ethereum Falls Amid Contagion Risk and Bullish Indicators

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...
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