The single-currency pair has experienced a steady decline over the past four sessions, indicating a structural issue rather than a tactical one. Tuesday morning’s print at 1.1635 reinforces the breakdown thesis that has been developing since the 1.1655 Double Top was breached. EUR/USD is currently down 0.18% during the European session on May 19, 2026. … Read more
GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … Read more
EUR/USD is currently positioned at $1.1633 during the European session on Monday, with cross-venue quotes stabilizing around $1.16556 and intraday sentiment reflecting a 55.80% inclination towards buying. The recent print marks a significant point in a prolonged decline that has seen the single currency fall from the $1.18 region in early May, moving toward the … Read more
The GBP/USD has ultimately relinquished the technical framework that had sustained it amid weeks of declining UK political fundamentals. The pair has plummeted through all significant moving averages on the daily chart, reaching new multi-week lows at 1.3320 on Friday — marking the lowest level since April 8. The cumulative impact of this week’s events … Read more
USD/CAD maintains its stability as market participants anticipate the pivotal Trump-Xi summit. Trump and Xi are considering a reduction in tariffs on $30 billion worth of non-sensitive goods, while excluding items deemed essential for national security. The commodity-linked CAD is likely to experience depreciation as declining oil prices diminish demand for Canada’s principal export. USD/CAD … Read more
The issue with the yen has consistently been rooted in arithmetic rather than technical factors. The calculations have taken a turn for the worse in Tokyo. The USD/JPY is once again approaching the range where intervention by Japan’s Ministry of Finance is believed to have occurred earlier this month. However, the underlying forces driving the … Read more
AUD/USD could approach 0.7277, marking its peak since June 2022. The 14-day Relative Strength Index at approximately 61 indicates ongoing positive momentum. Initial support is positioned around the nine-day EMA at 0.7195. AUD/USD has reversed some of its recent declines from the prior day, currently trading near 0.7220 in the Asian session on Friday. The … Read more
The USD/JPY pair is experiencing a slight decline, approaching 156.85 during the Asian session on Friday. During the May holidays, Japanese authorities made another intervention in the foreign exchange market. The employment report for April in the US is set to be the focal point this Friday. The USD/JPY pair declines to approximately 156.85 during … Read more
The GBP/USD pair demonstrated volatility in the wake of the Federal Reserve’s interest rate announcement, alongside a rise in geopolitical tensions. It was trading at 1.3480, just below this month’s high of 1.3595, as focus shifted to the upcoming Bank of England interest rate decision. The GBP/USD pair saw a pullback, driven by multiple factors, … Read more
EUR/USD is currently positioned around $1.1750 on Wednesday, May 6, 2026, after reaching a peak of $1.1796 during the early European session — marking the highest point for the pair since April 17 — before retreating into the range of $1.1750 to $1.1773 as the U.S. Dollar gained some support following stronger-than-anticipated ADP data. The … Read more