USD/JPY is currently trading at approximately 161.06, reflecting a decline of about 1.43% during the session, following indications that Japanese authorities have intervened in the market to purchase yen. The pair was at 163.50 earlier in the day, reflecting an increase of 0.06% and maintaining a position near the upper limit of its range. However, … Read more
Sterling traded at $1.3298 against the dollar on Wednesday, up 0.09%, holding a shade under the 1.3300 handle for a second consecutive session. Tuesday’s entire range spanned under 40 pips, between a floor above 1.3250 and a ceiling fractionally above 1.3300. That is a market that has stopped moving, and it has stopped moving directly … Read more
The euro traded at 1.1386 against the dollar on Wednesday, reflecting minimal movement from the previous session with a decline of 0.01%, and remaining just below the 1.14 threshold it relinquished earlier in the week. That level signifies the lowest reading observed in a month. The action that brought it to this point was systematic. … 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
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
