Market Madness: AUD/JPY and AUD/USD Plummet at Asian Open on December 3rd, 2024 Description: I thought we might make it a bit closer to 2025 before the selloff an anticipated selloff on AUD/JPY unfolded. But we’re reminded that Trump can make or break sentiment on a whim with his eye
Breaking News: GBP/USD Takes a Downturn, Breaking Three-Day Winning Streak Overview On Monday, GBP/USD slipped below the 1.2700 handle, marking the end of a three-day winning streak. This drop has kept Cable on the lower side of the 200-day Exponential Moving Average (EMA). The UK data docket was relatively quiet,
USD/CAD Holds Strong After US Election: Eyes Set on November Highs – A Market Update (12/02/2024) Description: USD/CAD may test the November high (1.4178) as it appears to be defending the rally following the US election, but the Relative Strength Index (RSI) seems to be diverging with price as the
Discover the Top Currency Pair of the Week: USD/JPY Forecast for December 2, 2024! Bracing for Volatility in the Forex Market As the week kicks off with a jam-packed economic calendar, traders are eagerly anticipating the potential impact on the USD/JPY currency pair. With key data releases such as the
Gold Price Continues to Fall as USD Demand Rises – What Does This Mean for Investors? Introduction Gold has always been considered a safe haven for investors during times of economic uncertainty. However, in recent weeks, we have seen a significant drop in the price of gold as USD demand
EUR/USD Takes a Dive: Technical Rejection at 1.06 Leads to Friday’s Downward Turn Description: EUR/USD kicked Friday off with a mild rally into the 1.0600 handle as broader markets took advantage of the US holiday session to sell off the Greenback and bid up riskier assets. However, another contraction in
Unpacking the Latest Market Moves: EUR/CHF Dips as Eurozone Inflation Surprises, Swiss GDP Released Eurozone Inflation Data The EUR/CHF pair saw a decline, reaching the 0.9300 handle on Friday following the release of Eurozone inflation data. This data has played a significant role in influencing the market sentiment towards the
Breaking Down the EUR/USD Forecast: A Forex Analysis for Friday, November 29th, 2024 Description: We will maintain our bearish EUR/USD forecast for the time being. This pair remains rooted in a bear trend, not just because of the threats of tariffs in 2025, but more so because of weakness in
Breaking News: EUR/USD Hits Weekly High in Anticipation of Flash Eurozone HICP Data Description: EUR/USD posts a fresh weekly high near 1.0580 in the European session on Friday ahead of the flash Eurozone Harmonized Index of Consumer Prices (HICP) data for November, which will be published at 10:00 GMT. The
Gold Glitters as Investors Seek Safe Haven: Price Soars to Multi-Day High, But Will the Momentum Last? Market Overview The price of gold (XAU/USD) has surged to a four-day high, reaching around the $2,662-2,663 area during the Asian session on Friday. This significant increase comes amidst rising geopolitical risks and
USD Continues to Decline: USD/JPY Drops Below 150.70 Mark Eyes on USD/JPY as it Falls Towards 150.60 As predicted by experts, the USD continues to decline against the Japanese Yen, with the USD/JPY pair dropping below the 150.70 mark. This downward trend has been exacerbated by the release of solid
USD/CHF: A Comeback Story – Tracing the US Dollar’s Recovery in a Light Trading Day Introduction The USD/CHF pair rebounds to near 0.8850 in the European trading session on Thursday after a sharp sell-off on Wednesday. The recovery move in the Swiss Franc pair is bolstered by the US Dollar
Breaking Down the Latest GBP/USD Forecast: Is the Pound Overbought and Ready for a Pullback? Strong Momentum Pushes Pound Sterling Higher As the GBP/USD forecast continues to show signs of strength, many investors are wondering if the Pound is overbought and due for a pullback. The strong momentum in the
Breaking News: GBP/NZD Exchange Rate Takes a Dive After RBNZ Rate Decision – What This Means for You! The New Zealand Dollar Surges After RBNZ Rate Decision The New Zealand Dollar (NZD) managed to surge against the majority of its peers on Wednesday, up by almost 0.9% against the US
USD/CAD Holds Strong at 1.4000 as USD Gains Momentum, Trade War Concerns Loom and Oil Prices Dip The USD/CAD pair remains on the defensive for the second straight day on Thursday, albeit it manages to hold above the 1.4000 psychological mark through the Asian session. As the USD gains momentum
EUR/JPY Price Forecast: Breaking the 16000 Mark on Weaker JPY, But Still a Rocky Road Ahead Positive Traction for EUR/JPY Cross The EUR/JPY cross gains some positive traction during the Asian session on Thursday and moves away from its lowest level since early October, around the 159.10 region touched the
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