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
GBP/USD Bounces Back: Market Sentiment Shifts to Risk-On, Boosting Recovery Description: GBP/USD finally broke back above 1.2600 on Wednesday, propelled higher by a broad-market softening in the Greenback’s recent bullish stance. Economic data remains slim on the UK side of the calendar, and following Wednesday’s broad print of US figures
Breaking Down the NZD/USD Price Surge: Approaching the 20-Day SMA Description The NZD/USD rose by 1.02% to trade near 0.5895 in Wednesday’s session, continuing its recovery and approaching the 20-day Simple Moving Average (SMA) at around 0.5910. The Relative Strength Index (RSI) indicates that buying pressure is recovering, while the
Trump’s Tariffs Threat Shake Up CAD/JPY: A Technical Analysis of the Falling Domino Effect on Yen Crosses The Latest Trade Tariffs Salvo US President-elect Trump’s latest trade tariffs salvo, a cornerstone of his “America First” policy has hit his northern neighbour where he threatened to impose 25% tariffs on all
USD/JPY Takes a Dive: US Dollar Continues to Correct Near 151.50 The USD/JPY pair is down around 1%, plummets to near 151.50 in European trading hours on Wednesday The USD/JPY pair has taken a significant dive, dropping by approximately 1% and reaching levels near 151.50 during European trading hours on
EUR/USD on the Rise as US Dollar Takes a Dip: Keep an Eye on US PCE Inflation A Closer Look at the Market Trends EUR/USD has been making significant gains in Wednesday’s European session, with the currency pair edging closer to the 1.0530 mark. This surge in the Euro against
Gold Price Soars: Bouncing Back from One-Week Low, Nearing $2,650 Mark! The Rise of Gold Price Gold price (XAU/USD) is attracting some follow-through buying during the Asian session on Wednesday and looks poised to build on the overnight bounce from the $2,600 neighborhood, which marked a one-week low. This surge
Staying Strong: GBP/USD Maintains Steady Position Near Lower End GBP/USD churned chart paper just below 1.2600 on Tuesday, marking out familiar territory as the Pound Sterling struggles to find an intraday direction against the Greenback. A limited data schedule on either side of the Atlantic kept Cable traders locked in
Kiwi Currency Bounces Back: All Eyes on Upcoming RBNZ Meeting Overview The NZD/USD pair bounces back to near 0.5850 in Tuesday’s North American session after posting a fresh yearly low of 0.5800 in the opening session. The Kiwi pair recovers as the US Dollar (USD) surrenders its intraday gains triggered
Market Update: Asia and Europe See a Dip, But Crude Oil and Gold Shine – A Recap of Today’s Global Market Activity While the US Was Sleeping Introduction On Monday, November 24th, U.S. markets ended the day on a positive note, with gains fueled by a sharp drop in bond
Breaking News: Pound to Euro Exchange Rate Takes a Hit After Trump’s Treasury Nomination Announcement on November 26th, 2024 Description: The Pound Euro (GBP/EUR) exchange rate fell on Monday, after Donald Trump’s nomination for Treasury Secretary helped ease fears of US tariffs damaging the Eurozone economy. The Pound (GBP) slipped
Fresh Impetus Ahead: AUD/USD Continues to Struggle Below 0.6500, Eyes on FOMC Minutes Description: The AUD/USD pair struggles to capitalize on its intraday bounce from the 0.6435-0.6430 area, or its lowest level since August 5 touched earlier this Tuesday and keeps the red through the first half of the European
EUR/USD: Trading Near 1.0500 with a Bearish Tone Amidst Risk-Off Sentiment Description: EUR/USD pares its daily losses, trading around 1.0490 during the Asian hours on Tuesday. However, the pair may continue to depreciate due to dampened market sentiment following President-elect Donald Trump’s announcement of planning to impose a 25% tariff
Breaking News: USD/CAD Surges Past 1.4100 as Trump Plans to Impose 25% Tariff on Canadian Imports Description The USD/CAD pair continues to climb, trading near 1.4110 during Tuesday’s Asian session, marking levels last seen in April 2020. The pair has surged over 1%, fueled by weakened market sentiment after President-elect
Gold Plummets as Rumors of Israel-Hezbollah Ceasefire Spark Risk-On Frenzy The Impact of Ceasefire Rumors on Gold Prices Gold price (XAU/USD) plummeted during Monday’s North American session as news from a ceasefire between Lebanon and Israel crossed the wires, exacerbating appetite for riskier assets. This, along with the nomination of
Breaking Down the Latest Forex News: Rabobank Predicts EUR/USD to Reach Parity Description: A note from RaboBank argues for EUR/USD to reach parity by mid-2025. Citing potential trade tariffs to be implemented by Trump, which would negatively impact eurozone economies, particularly Germany’s. German exporters would likely welcome a softer euro.
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