On Friday, July 19th, the Australian dollar (AUD) faced downward pressure against the US dollar (USD) due to several factors. Let’s break down the key influences and technical outlook for the AUD/USD pair. Key Factors Affecting AUD/USD...
On Friday, July 19th, the USD/JPY pair saw a slight increase of 0.07%, closing at 157.48. This movement came after mixed trading sessions following the release of Japan’s inflation data, which showed a second consecutive month of...
The EUR/USD pair showed interesting price action last Friday, providing insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that the EUR/USD may continue its...
The British Pound (GBP) has recently experienced a significant move against the US Dollar (USD), breaking below a key support level. Let’s break down what this means for traders and what to expect in the coming days....
On Tuesday, July 16th, the Australian dollar (AUD) fell by 0.4% against the US dollar (USD), closing at 0.6733. Earlier in the day, the pair had dropped to a low of 0.6712. This decline was driven by...
The British Pound (GBP) has been showing strength against the US Dollar (USD) recently, driven by several key factors. Let’s break down the main drivers and potential future scenarios for the GBP/USD pair. 1. Interest Rate Differentials...
The EUR/USD pair has seen a significant rally recently, climbing from the 1.07 level to touch a high of 1.0911 last week – its highest point since June 7th. The pair closed at 1.0907 on Friday, marking...
The USD/JPY pair continued its downward trajectory on Friday (July 12th), closing 0.56% lower at 157.91 in New York trading. This follows Thursday’s significant drop, with the pair briefly touching 157.30, its lowest level since June 17th....
On Tuesday, July 9th, the USD/JPY pair increased by 0.29%, closing at 161.28. This keeps the pair just below the 38-year high of 161.95 reached last week. Key Factors Influencing USD/JPY Upcoming Events to Watch Technical Analysis...
The British Pound (GBP) has shown impressive strength against the US Dollar (USD) recently, extending its upward move from 1.2612 to reach a high of 1.2845. However, the pair is now facing resistance at the 1.2860 level,...