Introduction: The EUR/USD pair has been in a state of indecision in early Monday trading, bouncing off the intraday low and defending the 10-DMA support. Despite this, the Euro pair remains largely sidelined and is struggling to break the key horizontal hurdle from late January, around 1.0930. In this article,.
Introduction The Euro rose against the US dollar during the first quarter of 2023, hitting its highest level since April 2022 in early February. However, the currency’s upward momentum was short-lived as global markets experienced a risk-off mood, prompting sellers to return and preventing the Euro from breaking through a.
Introduction The USD/JPY currency pair has been trading sideways for hours until it broke to the downside, hitting fresh weekly lows following the release of the US ADP Employment report. The pair is currently testing the 131.00 area amid a weaker US dollar. The US ADP Employment Report The ADP.
The GBP/USD pair saw a tumultuous year in 2022, marked by a series of events that sent shockwaves through the financial world. The ongoing COVID-19 pandemic and the resulting global economic downturn weighed heavily on both the British pound and the US dollar. Additionally, the uncertainty surrounding Brexit negotiations and.
Introduction: The EUR/USD currency pair is one of the most popular currency pairs in the world. It represents the exchange rate between the Euro and the US Dollar, and it is widely used by traders and investors as a benchmark for the overall health of the global economy. Recently, the.
The US Dollar (USD) has rebounded early on Wednesday, following heavy losses against its major rivals on Monday and Tuesday. While the US Dollar Index (DXY) initially edged lower with the release of disappointing macroeconomic data from the US, it held its ground due to renewed concerns over a slowdown.
The AUD/USD pair is experiencing its second consecutive day of depression as it approaches an intraday low of 0.6730 during the early European session on Wednesday. The pair is reversing the corrective bounce induced by Reserve Bank of Australia (RBA) Governor Philip Lowe, while poking the 200-bar Exponential Moving Average.
USD/JPY pair remains indecisive on a daily basis and trades at 131.70 as of Wednesday’s European session. The pair tracks the recent consolidation in the US Treasury bond yields amidst cautious market sentiment ahead of key US economic data releases. The recent weakness in the US Dollar has weighed on.
GBP/USD initially dropped towards 1.2450, but it has since reversed its direction and climbed towards 1.2500 on the back of a renewed weakness in the US Dollar following the release of the ADP employment report, which showed a lower-than-expected increase in private sector jobs. The report’s disappointing figures have.
EUR/USD came under selling pressure after testing multi-week highs near 1.0970 on Wednesday, as the US dollar rebounded slightly. The currency pair had gained traction earlier in the American session, climbing above 1.0950 following the release of private sector employment data by ADP, which showed an increase of 145K jobs.
EUR/USD has gained momentum and surpassed the 1.0950 mark during the American session on Wednesday. The rise in the currency pair comes after the ADP report showed that employment in the private sector rose by 145,000 in March, which is lower than the expected addition of 200,000 jobs. This weaker-than-expected.
Introduction: Polygon, formerly known as Matic Network, has recently launched its zkEVM mainnet promising to bring scalability and privacy to Ethereum. However, despite the launch, MATIC’s price failed to break out above $1.00 and has been consolidating following a sharp sell-off from an intra-day high of $1.09. In this article,.