Introduction: The USD/JPY pair is one of the most closely watched currency pairs in the world, as it reflects the relative strength of the US dollar and the Japanese yen. In recent days, the pair has been under pressure, dropping below the crucial support level of 135.00. However, there are.
The GBP/USD pair reached a new intraday high near 1.2635, reversing the previous day’s corrective pullback from the multi-month top, heading into Tuesday’s London open. This news comes after the quote’s retreat from the highest levels since April 2022 amid the UK holiday on Monday. Despite this, fresh optimism surrounding.
The EURUSD exchange rate is a measure of the value of the euro against the US dollar. The exchange rate is affected by a variety of factors, including macroeconomic factors, political developments, and market sentiment. Understanding these factors is essential for traders and investors who are looking to make informed.
The EUR traded within a narrow range of 1.0998 and 1.1053 yesterday, which was narrower than the expected range of 1.0980/1.1060. The underlying tone of the market has softened somewhat, and the EUR is likely to edge lower today. However, any decline is unlikely to break the support level of.
AUD/USD has been on an upward trend for the sixth consecutive day, hitting a three-week high near 0.6785 during early Monday in Europe. The Aussie pair has been prodding the 100-DMA hurdle, which is inside an upward-sloping trend channel comprising multiple levels marked since March. This article will explore the.
The USD/JPY pair is in focus once again, as it gains some follow-through traction on the first day of the new week. Despite the positive momentum, the spot prices have retreated a few pips from a three-day top and are currently trading around the 135.00 psychological mark during the early.
Introduction The GBP/USD currency pair has seen a significant rally in the early European session, reaching a fresh weekly high of 1.2653. This surge is largely attributed to market speculation that the Bank of England (BoE) is preparing to announce a fresh interest rate hike in its upcoming policy announcement..
Introduction Despite the positive news of 253k non-farm jobs being added to the US economy in April, the US dollar has continued to weaken, raising questions about the vulnerability of the currency. The unemployment rate also dropped to 3.4%, the lowest level since 1969. In this article, we will examine.
The Eurozone Sentix Investor Confidence index fell to -13.1 in May, down from -8.7 in April and below the expected level of -9.2. This decline in investor confidence is a cause for concern, as it suggests that investors are becoming increasingly cautious about the prospects for the Eurozone economy. There.
The AUD/USD pair has experienced a significant boost in value following a strong jobs report from the United States (US). The report, which showed that the US added a record-breaking 4.8 million jobs in June, has caused the market sentiment to improve. As a result, stocks from regional banks, which.
The USD/JPY pair has risen by 0.42% after dropping to a weekly low of 133.50, spurred by buyers stepping in at around a solid technical support level. This level of support was able to sustain the USD/JPY pair and attract buyers to enter the market. Technical support levels are price.
The GBP/USD currency pair is facing downside pressure in the NY trading session, and traders are watching closely as it tests a key support structure. This move lower is being driven by a variety of factors, including the US dollar’s strength, Brexit uncertainty, and concerns about the UK economy. One.