The USD/JPY pair draws interest from buyers, hovering around 157.45 in the early Asian session on Monday. The Japanese Yen weakens against the US Dollar following the ruling Liberal Democratic Party’s outright majority win in Sunday’s lower house election, which paves the way for increased fiscal stimulus by Prime Minister Sanae Takaichi. The coalition led … Read more
The USD/CAD pair is currently witnessing modest declines, trading near 1.3685 during the early European session on Friday. The US Dollar experiences a decline relative to the Canadian Dollar, influenced by disappointing US economic indicators and an uptick in crude oil prices. The preliminary evaluation of the Michigan Consumer Sentiment Index for February is poised … Read more
GBP/USD is currently positioned at approximately 1.3560–1.3570, having declined from the late-January high close to 1.3850, and is now resting on the critical decision zone between 1.3520 and 1.3500. The band corresponds with the lower boundary of the ascending channel that has directed price upward since November, the local support level from late December/early January … Read more
The EUR/USD pair is currently positioned between 1.1770 and 1.1790, resting on a significant support area that has characterized the most recent phase of the movement. The pair has retraced from a recent peak around 1.2050; however, the medium-term framework stemming from the 1.1578 low continues to exhibit higher highs and higher lows, indicating a … Read more
The USD/JPY is hovering around the 157.00 level following a tumultuous round-trip that saw the pair rise from an October low of approximately 147.06 to a January peak near 159.45, before retreating to around 152 and subsequently rebounding. The rebound from just below 152 has already captured approximately 3.5%, positioning the spot for an estimated … Read more
USD/CAD is showing a slight increase, trading near 1.3690 during the early European session on Thursday. The pair maintains a negative perspective beneath the 100-day EMA on the daily chart. The immediate resistance is identified at 1.3750, while the initial support is observed at 1.3490. The USD/CAD pair shows resilience, approaching 1.3690 in the early … Read more
GBP/USD has transitioned from a clear four-month uptrend into a volatile, politically influenced range. Following a rise to a 4½-year peak around 1.3870–1.3880 in January, the pair has encountered downward pressure, recording intraday lows close to 1.3533 and facing challenges in regaining the 1.3700 level. Each advance beyond 1.3680–1.3720 is met with selling pressure, indicating … Read more
The EUR/USD pair is currently positioned at approximately 1.179, having struggled to maintain the breakout beyond 1.2000 and retreating from the four-year peak of 1.2085. The price has recently reached a two-week low close to 1.1777, with intraday support forming around the range of 1.1775–1.1780, as buyers attempt to maintain that level for the second … Read more
The USD/JPY pair has seen a significant reversal from a sharp decline exceeding 4% from the 159.13 level, descending to around 152.06, before rebounding approximately 3.5% off the support zone of 151.91–152.06, moving back above 157.00. The pair has experienced an upward movement in five of the last six sessions, with the price once more … Read more
The AUD/USD exchange rate experienced a notable increase following the Reserve Bank of Australia’s announcement regarding its interest rate decision on Tuesday. The asset surged to a peak of 0.700, reflecting a significant increase from this week’s low of 0.6900. The AUD/USD exchange rate has experienced a notable uptrend in recent weeks, driven by increasing … Read more