EUR/USD commenced Monday facing increasing pressure, retreating towards $1.1600 and consistently struggling to regain $1.1660, the 50-day EMA that has hindered every bullish effort throughout November. The pair’s rejection from $1.1670 last week initiated a significant reversal, pulling the euro down towards the $1.1575–$1.1570 demand zone, a level that has been defended several times this … Read more
The USD/JPY pair exhibits notable volatility while demonstrating resilience, currently positioned just beneath its eight-month peak at 154.49. This stability is driven by optimism surrounding a potential resolution to the U.S. government shutdown, which counters the renewed caution emerging from Tokyo. During the Asian session on Monday, the pair was observed trading in the range … Read more
The USD/JPY pair is currently exhibiting a narrow range, fluctuating around 153.60–153.90, as market participants weigh the strength of the U.S. economy against Japan’s persistent monetary divergence. Despite short-term fluctuations influenced by the employment report (42,000 new jobs in October) and ISM Services PMI (52.4), the overall sentiment remains optimistic. The Japanese Yen is experiencing … Read more