AUD/USD remains caught in a tight range, but the calm tone on the chart hides a more complicated backdrop. With both Australian inflation data and the next Federal Reserve rate decision approaching, traders are weighing whether this week’s events will leave the pair drifting sideways or finally push it out of its recent band. The … Read more
USD/CAD slips as easing US-Iran geopolitical tensions have diminished safe-haven demand and ignited a market risk-on rally. Despite a temporary lull in US-Iran tensions, market participants are apprehensive about potential supply disruptions stemming from Houthi assaults on Saudi facilities in the Red Sea. Declining oil prices may exert pressure on the commodity-linked Canadian Dollar. USD/CAD … Read more
The GBP/USD currency pair has remained confined within a wide range for several months, and when viewed from a long-term perspective, there has been little significant change. Yet the pair is beginning to exhibit a degree of intrigue once more, as a closer examination of lower time frames reveals some noteworthy developments. That shift is … Read more
The euro opened the week with a bullish gap and spent the rest of the session giving it back. EUR/USD gapped up on the Sydney open as risk sentiment improved, ran to the 1.1410–1.1420 band through Asian and early European hours, and held near 1.1406 into the London afternoon against Friday’s 1.1369 close. By the … Read more
On Monday, the USD/JPY exchange rate was recorded at 163.571, reflecting a decline of 0.13% from the previous Friday’s closing value of approximately 163.78. This movement follows the pair’s recent establishment of a new forty-year low for the yen at 163.99 in the preceding session. Friday’s settle was recorded at 163.747. Over the past month, … Read more
USD/CAD has weakened to approximately 1.4075 during the early European session on Friday. The bullish bias of the pair remains intact above the 100-day SMA; however, the possibility of further consolidation should not be dismissed given the neutral RSI momentum. The immediate resistance level is positioned at 1.4130, while the initial support level is observed … Read more
Sterling rebounded to approximately 1.3385 against the dollar during Asian hours on Thursday, following a Wednesday close at 1.3374, reflecting a decline of 0.01%. The recent bounce appears to be driven by technical factors rather than strong conviction. The GBP/USD has declined by nearly 1.2% over the past four sessions and currently stands 0.51% below … Read more
The euro experienced an ascent on Thursday morning in anticipation of the European Central Bank’s decision, only to relinquish those gains within minutes following the announcement. The EUR/USD pair hovered near 1.1410 during the Asian trading session, marking a continuation of gains for the second consecutive day, reaching a peak of 1.1434 prior to the … Read more
The dollar closed the US session at 163.8040 against the yen on Thursday, reflecting an increase of 0.43% or 70.2 pips from Wednesday’s close of 163.1020. That represents a new forty-year low for the Japanese currency, surpassing Tuesday’s 163.24 print — which had already indicated the weakest yen since late 1986 — by more than … Read more
AUD/USD appreciates to approximately 0.7010 during the Asian session on Thursday. Australia’s unemployment rate remained stable at 4.4% in June, aligning with expectations. Iran issued a warning regarding a potential response should the United States act on Trump’s threats to dismantle infrastructure. The AUD/USD pair maintains a favourable position close to 0.7010 during the Asian … Read more