GBP/USD is currently trading at $1.3520 on Tuesday afternoon following a significant 0.55% decline that pushed the currency pair below the $1.3600 psychological level, putting it to the test of the medium-term ascending trendline that has supported the recovery since mid-March. The session commenced with a slight defensive posture and intensified its decline during the … Read more
The AUD/USD pair experienced a decline as the US Dollar gained strength in response to increasing market risk aversion. In April, China’s Consumer Price Index experienced a year-over-year increase of 1.2%, surpassing the 1.0% rise recorded in March and exceeding the anticipated 0.8% forecast. In April, US Nonfarm Payrolls increased by 115K, surpassing expectations even … Read more
The single currency is engaging in the meticulous effort characteristic of the concluding phases of a prolonged recovery, and the displayed price this Friday clearly indicates the current state of indecision. The EUR/USD pair is currently trading within a range of $1.1730 to $1.1782, varying by venue and time, reflecting an increase of approximately 0.50% … Read more
A sequence of verbal warnings from officials, an appreciating USD/JPY, and a growing bearish sentiment towards the yen in futures markets created the backdrop—while low holiday liquidity offered the perfect environment for a significant reversal. The USD/JPY has declined approximately 200 pips (-1.3%) following a three-day rally that halted just below 158. I highlighted that … Read more
The GBP/USD pair is currently positioned at 1.3520 during the early European session on Tuesday, marking a decline for the third consecutive day after failing to maintain levels in the 1.3655–1.3660 range reached last Friday, which was the highest level observed since February 16. The recent shift has diminished some of the previous week’s upward … Read more
The current exchange rate is hovering around 1.1690 against the dollar during Tuesday’s trading session, teetering after dipping below the significant 1.1700 level earlier and now approaching the 50-day Exponential Moving Average at 1.1682. Two consecutive sessions of selling have positioned the cross at the lower boundary of the ascending channel that has defined the … Read more
The dollar-yen cross is currently trading at 157.89 in Tuesday’s late-session activity, reflecting a 0.5% increase for the day. The immediate technical structure has surpassed the low-157s area, which had served as a price-checking floor following last week’s intervention operation. The yen has emerged as the weakest G10 currency during this session, declining by 0.2% … Read more
The EUR/USD pair is currently at a critical juncture as Monday’s session progresses, last seen trading in the range of 1.1700-1.1710 following a brief ascent during the Asian session into the mid-1.1740s, which was quickly reversed. The decline observed on Friday from a one-and-a-half-week peak close to 1.1847 has continued into the new week, with … Read more
AUD/USD experiences a decline, settling near 0.7200 during the early hours of Friday’s Asian session. Trump will consider military options as part of efforts to exert pressure on Iran to reach a deal. Increased Australian CPI inflation may strengthen the Australian dollar. The AUD/USD pair experiences a downward movement, approaching the 0.7200 mark in the … Read more
Cable is currently experiencing one of its most significant breakout sessions of the year. GBP/USD is currently trading at 1.3650, reflecting an increase of 0.38% in the late London session and decisively surpassing the 1.3600 threshold — this level represented the 61.8% Fibonacci retracement of the 1.3159-1.3870 movement and had restricted every upward movement for … Read more