GBP/USD remains steady around 1.34 as the outlook from the Fed and BoE captures market attention. Meanwhile, EUR/USD is trading at about 1.1634 on Wednesday, May 27, showing a slight recovery from the six-week low of 1.1593 reached last week, yet still constrained by the moving-average resistance that has hindered any rebound efforts throughout May. … Read more
USD/JPY is trading at 159.36 on Wednesday, May 27, marking its weakest yen level since late April and approaching the critical 160 intervention threshold that led to Tokyo’s reported yen-buying intervention operations during the late-April and early-May currency stress phase. The current spot price indicates a 0.29% increase from the previous session’s close of 158.99, … Read more
AUD/USD declines to approximately 0.7165 during the Asian session on Tuesday. The US military has reported conducting new strikes in southern Iran. Traders prepare for the upcoming release of Australia’s April CPI inflation report, scheduled for Wednesday. The AUD/USD pair is currently positioned in negative territory, trading around 0.7165 during the Asian trading hours on … Read more
GBP/USD is currently at 1.3446 during midday European trading on Tuesday, reflecting a decline of 0.42% for the day after continuing a pullback from the 1.3500 round-number resistance observed earlier in the morning session. The pair was positioned at 1.3517 on April 22, marking a three-week peak achieved amid a general weakening of the dollar … Read more
EUR/USD is currently at 1.1625 during midday European trading on Tuesday, reflecting a decrease of 0.15% from the previous day’s close. The pair is moving within a narrow range beneath the 1.1650 resistance level that has characterised its price movements throughout the month. The 5-day moving average is positioned at 1.1601, while the 50-day moving … Read more
USD/JPY is currently at 159.32 during midday European trading on Tuesday, reflecting a 0.29% increase for the day. The pair has moved closer to the 160 intervention zone, a level that the Japanese Ministry of Finance has traditionally supported through both verbal and direct actions in the currency market. The pair is positioned close to … Read more
AUD/USD is currently testing the immediate resistance level at the nine-day EMA, positioned at 0.7161. The 14-day Relative Strength Index near 51 suggests a neutral-to-slightly positive momentum. The initial support is identified at the 50-day EMA of 0.7116. AUD/USD shows a recovery after two consecutive days of declines, currently trading near 0.7160 during the Asian … Read more
GBP/USD is currently trading at approximately 1.34993 in late European trade on Monday, reflecting an increase of about 0.51% to 0.60% during the session. The pair has reached a high near 1.3506, marking the strongest level observed in approximately a week and a half. The intraday movement is supported by a well-defined narrative. Brent crude … Read more
EUR/USD is currently positioned at approximately 1.16382 in the European session on Monday, reflecting an increase of about 0.31%. The pair has made a recovery from the 1.1575 level, which represented the lowest point since April 7 last Thursday. The intraday range has extended from a low of 1.16287 to a high of 1.16538, with … Read more
USD/JPY experiences a decline, approaching 158.85 during the Asian session on Monday. US moves closer to an agreement with Iran. Markets anticipate a June BoJ rate increase, even in light of Japan’s CPI inflation data coming in softer than expected. The USD/JPY pair declines to approximately 158.85, breaking the two-day winning streak during the Asian … Read more