Introduction The USD/JPY currency pair has been experiencing a volatile market as buyers and sellers fight for control. After experiencing two consecutive days of losses, the currency pair has picked up momentum and is testing a key resistance level. In this article, we will discuss the current market status.
The GBP/USD pair had been on a winning streak, but that came to an end as the currency pair faced pressure from a modest USD bounce. The recent recovery in US bond yields is seen as a key factor benefiting the greenback. While bets for a less hawkish Fed and.
Introduction The EUR/USD currency pair has been experiencing a volatile market as buyers and sellers fight for control. While the Euro buyers had a good run, the sellers are now pushing back, leading to a mild decline. In this article, we will discuss the current market status of EUR/USD and.
Introduction: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang have recently provided their insights on the potential movements of the EUR/USD currency pair. According to them, the currency pair is expected to remain in its current consolidative range in the near future. This article will.
Introduction The AUD/USD currency pair pulled back from a nearly two-week high on Monday as investors awaited fresh catalysts. While an intraday recovery in global risk sentiment helped limit the downside, the pair faced headwinds from bets for a less hawkish Federal Reserve. Traders now turn their attention to the.
Introduction The USD/JPY currency pair fell sharply on Monday, dropping to its lowest level since February. This move came amid renewed selling pressure and a prevalent risk-off environment, which boosted the Japanese yen’s safe-haven status. While the US dollar saw some modest strength, the fundamental backdrop still favors bears, and.
The GBP/USD pair has been on an upward trend, reaching its highest level since February 14, but has struggled to sustain its momentum in the face of a risk-off environment and cautious sentiment among traders. The pair rose to a high of 1.3991 on Monday, but lacked follow-through buying, as.
Introduction: Danske Bank economists have maintained their bearish view on the EUR/USD currency pair and continue to forecast a lower exchange rate in the next six-to-twelve months. The bank’s economists cite tighter financial conditions as the main reason for their forecast. In this article, we will explore the reasons behind.
Introduction The EUR/USD currency pair has been in a tug of war recently, with various factors affecting its movement. Despite the greenback starting the week on the back foot and positive news in Germany’s Producer Prices, the EUR/USD struggles to break through the 1.0700 zone. In this article, we.
The AUD/USD continues to struggle to find acceptance above the 0.6700 mark on Friday. The Australian dollar is facing headwinds due to the risk-off sentiment, which has revived demand for the safe-haven US dollar. The risk-off sentiment is fueled by concerns over the global economic outlook. The ongoing coronavirus outbreak.
The Japanese Yen has been gaining momentum in the forex market as US yields and Wall Street futures drop. This comes as the USD/JPY heads for the third weekly loss in a row, and to the lowest daily close in a month. One of the factors contributing to the rise.
Introduction: The GBP/USD pair is trading in positive territory around 1.2150 as the US Dollar stays on the back foot. The pair is on track to post weekly gains despite the ongoing uncertainties surrounding Brexit and the COVID-19 pandemic. In this article, we will explore the factors behind the recent.