Introduction: The GBP/USD pair has recently experienced a drop below its key support level of 1.2400, causing concerns among traders and investors. However, the pair has shown some signs of recovery in the Asian session, indicating a potential turnaround. Despite this, the US Dollar Index (DXY) remains strong and continues.
Introduction: The Euro’s recent attempt to advance further last Friday was met with disappointment as it failed to reach a key resistance level. The currency eeked out a fresh high of 1.1075 before tumbling to end the day lower by -0.40% (1.1000). Although there is scope for the Euro to.
Introduction The AUD/USD currency pair has recently shown signs of strength, but continues to face challenges from various resistances, notably the 0.68 level. Despite this, there are indications of potential bullishness as the currency broke above the 50-day EMA. However, as the market approaches the 200-day EMA, there may be.
The USD/JPY currency pair has experienced a shift in sentiment, with bears losing control as bulls take over. The daily chart clearly shows this change, with the price failing to break below the 130.03 level, followed by a break above the 22-SMA (simple moving average). The price has since retested.
The GBP/USD currency pair is a popular choice for Forex traders seeking to capitalize on the fluctuations between the British pound and the US dollar. In recent times, the market has seen dip-buying trades as a result of softer US Consumer Price Index (CPI) data, which has revived Federal Reserve.
The EUR/USD currency pair has continued its rally, ending the week off its fresh yearly high, but still in positive territory over the last five days. One of the factors driving this rally is the weakening of the US Dollar, which has provided support to the Euro. Traders and investors.
The US Dollar experienced selling pressure during the American session on Friday, as investors closely monitored its performance in the forex market. The greenback, which is considered a safe-haven currency, often sees fluctuations in response to global economic and geopolitical events. Despite its initial weakness, the US Dollar managed to.
The AUD/USD pair refers to the exchange rate between the Australian dollar and the US dollar. It is a popular forex currency pair that is traded by investors and traders around the world. The value of the pair is influenced by a variety of factors including economic indicators, geopolitical events,.
Introduction The USD/JPY currency pair has been in a steady uptrend for the past few months, but UOB Group’s analysts believe that the pair is likely to trade in a narrow range in the coming weeks. In this article, we will take a closer look at their analysis and what.
Introduction: The GBP/USD pair has been gaining momentum in recent weeks, and according to strategists at UOB Group, this trend is likely to continue. In this article, we will explore their views on why the GBP/USD pair is poised to rise further and potentially test the 1.2600 level. The Focused.
Introduction The EUR/USD currency pair has been on the rise for the fourth session in a row, consolidating its recent breakout above the psychological 1.1000 hurdle. The dollar’s persistent weakness has been driving the pair’s weekly leg higher, with investors betting that the Federal Reserve may halt its hiking cycle.
Introduction: The US dollar has been under pressure lately, falling to an eight-week low following the release of US inflation data and FOMC minutes. The falling inflation rate and growing concerns about a possible mild recession later this year have led to a sell-off of the US dollar. In this.