On Monday, July 8th, the Australian dollar (AUD) closed at $0.6737 against the US dollar (USD), down 0.18% for the day. This slight adjustment comes after the AUD/USD pair reached a six-month high of 0.6761 in Asian...
On Monday, July 8th, the USD/JPY pair closed slightly higher at 160.76 in New York trading, up a modest 0.02%. This minor gain can be attributed to some short-covering in the dollar index following Friday’s decline, temporarily...
Since last week, the euro has been gaining strength against the dollar, continuing its upward trend yesterday and briefly touching a high of 1.0844. Key Factors Influencing the Euro’s Performance The main driver behind the euro’s exchange...
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 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...
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...
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 USD/JPY pair closed slightly higher at 160.81 in late trading, after touching a 38-year high of 161.27 earlier in the session. This movement comes on the heels of several key economic indicators released last week. Inflation...
