The USD/JPY pair has recently experienced a pullback from its high of 161.95, breaking below the bottom of the rising price channel visible on the 4-hour chart. This development suggests that we may be entering a consolidation...
The Australian dollar (AUD) extended its gains against the US dollar (USD) on Thursday, July 4th, closing 0.3% higher at 0.6727. This marks the second consecutive day of gains for the AUD/USD pair, following a series of...
The USD/JPY pair continues to show strength, maintaining its position within a rising price channel visible on the 4-hour chart. This suggests that the uptrend that began at 154.54 remains intact. Bullish Outlook As long as the...
The EUR/USD pair has shown impressive strength recently, extending its upward move from the 1.0665 low to reach a high of 1.0816. This bullish momentum suggests further gains may be on the horizon. Short-Term Outlook After a...
The EUR/USD pair experienced a mixed trading session on Tuesday, with some interesting technical developments that could shape its near-term direction. Key Takeaways: Possible Scenarios If the EUR/USD manages to stabilize above 1.0715 today, we could see...
Philip Lane, the European Central Bank’s (ECB) Chief Economist, has joined ECB President Christine Lagarde in suggesting that another interest rate cut in July is unlikely. Lane emphasized that last month’s inflation data doesn’t provide clear answers...
The USD/JPY pair closed at 161.48 in New York trading, up 0.4% for the day. At one point, it surged to 161.72, marking its strongest level since 1986. Year-to-date, the yen has depreciated by over 12% against...
June Overview Throughout June, the EUR/USD pair experienced a downward trend, largely influenced by a strengthening US dollar. The euro briefly dipped below the 1.07 mark, closing yesterday at 1.0714. Economic Data The Eurozone’s manufacturing PMI for...
The EUR/USD pair experienced a mixed trading session on Monday, with some interesting technical developments that could shape its near-term direction. Key Takeaways: Possible Scenarios If the EUR/USD manages to stabilize above 1.0705 today, we could see...
The precious metals market, particularly gold, has been a hot topic in the first half of 2024. Let’s take a closer look at the performance and future prospects of these valuable commodities. First Half Performance Gold and...
