GBP/JPY: Bouncing Back from Daily Lows, Holding Steady Above Mid-18500s Amid Minor JPY Gains Introduction The GBP/JPY cross extends the previous day’s late pullback from the weekly peak – levels just above the 188.00 mark – and attracts some follow-through sellers on Thursday. Spot prices, however, recovered over 100 pips
USD/CAD Stuck in a Slump: Weaker USD and Falling Oil Prices Provide a Silver Lining. Introduction The USD/CAD pair is currently stuck in a slump, with the currency pair drifting lower for the fourth straight day. As the pair trades around the 1.3735-1.3740 area during the early European session on
EUR/JPY Bounces Back: BOJ’s Hawkish Stance Boosts JPY, Keeping Pair Below 16000 Introduction The EUR/JPY cross experienced some renewed selling pressure on Thursday, causing it to move away from the weekly peak of around 161.45. Despite this, spot prices managed to bounce back nearly 100 pips from the daily low
Silver Shines Bright: XAG/USD Bounces Back from Multi-Month Low, But Challenges Remain Ahead Silver (XAG/USD) stages a goodish recovery from the $26.45 area, or a three-month low touched during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak. The white metal currently trades
GBP/USD: The Battle for Gains Amidst Rate Cut Expectations Overview GBP/USD tested waters on the high side on Wednesday but settled the day where it started just south of the 1.2700 handle. Markets are struggling to shrug off a broad downside shock kicked off late last week after a raft
USD/JPY Skyrockets Over 150 Pips as BOJ Takes Dovish Stance: A Bullish Outlook for Traders! The USD/JPY soared late in the North American session, up by more than 1.50% or 240 plus pips, after a Bank of Japan official stated that they would not raise rates in an unstable market
Market Mayhem Settles: Gold Prices Take a Breather Gold Prices Stabilize below $2,400 Level Gold’s price (XAU/USD) stabilizes below the $2,400 level on Wednesday after easing for two consecutive days at the beginning of the week following Monday’s market mayhem. The move comes with the US Dollar (USD) starting to
USD/CAD Struggles Below 1.3800 as Oil Prices Rebound and Stronger USD Offers Support Intraday Analysis The USD/CAD pair is facing challenges below the 1.3800 mark as oil prices are rebounding and a stronger USD is offering support. Currently trading around the 1.3775-1.3770 region during the early European session on Wednesday,
Unstoppable: AUD/JPY Surges to Weekly Highs, Bulls Anticipate Continued Momentum Above 9700 Mark The AUD/JPY cross builds on this week’s goodish recovery move from the vicinity of the 90.00 psychological mark, or its lowest level since May 2023 and gains positive traction for the second straight day on Wednesday. The
GBP/USD Tumbles to a 5-Week Low: What’s Next for the Currency Pair? The Decline of GBP/USD GBP/USD backslid nearly a full percent on Tuesday as the Pound Sterling continues to deflate against the broader FX market. The US Dollar found a soft patch as markets pivot back into a risk-on
EUR/GBP Reaches New Heights in 13-Week Highs: The Impact of Pound Sterling Flows on Rebalancing The Rise of EUR/GBP EUR/GBP has been making headlines in the forex market as it reaches new heights, hitting 13-week highs. The Pound Sterling has been losing ground against the Euro, with the pair being
RBA Meeting Sends AUD/USD Soaring: Currency Pair Approaches 0.6500 Mark The AUD/USD pair gains slightly to near the psychological figure of 0.6500 in Tuesday’s New York session The Aussie asset moves higher despite a sharp recovery in the US Dollar (USD), suggesting sheer strength in the Australian Dollar (RBA) in
EUR/USD Takes a Step Back from Monday’s High as the Greenback Gains Ground on the Path to Recovery Description: EUR/USD retreats back to 1.09, shedding 100 pips since its peak performance on Monday at 1.1008, when it added another tranche of gains at the beginning of the week to its
Breaking Down the AUD/USD: A Rollercoaster Ride as RBA Optimism Fades The AUD/USD pair The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6540 region and drops to the lower end of its daily range during the first half of the European session on Tuesday. Spot prices
USD/CAD on the Rise: Oil Prices Drop, USD Demand Soars Introduction The USD/CAD pair has been making headlines recently as it attracts dip-buying following an intraday dip to sub-1.3800 levels, or a one-week low. This surge comes as oil prices drop and demand for the US dollar soars. During the
Market Jitters Cause GBP/USD to Stumble, But Holds Steady in the Middle Range Introduction GBP/USD kicked off the new trading week with a fresh plunge on Monday, falling into familiar lows just north of 1.2700 before recovering ground to end the day close to where it started just below the
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