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 experienced a decline of nearly 1.2% over the past four sessions and currently stands … Read more
The euro experienced an upward trajectory 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 was observed trading near 1.1410 during the Asian trading hours, marking a continuation of gains for the second consecutive session. It reached a peak of … 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
USD/JPY is currently trading at approximately 161.70, having previously peaked in July above 162.80, which positions the yen precariously close to a 40-year low. The pair recorded 162.83 on June 30, marking the weakest level for the Japanese currency since 1986, and has since remained in the low 160s for the past three weeks. The … Read more
GBP/USD trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more
EUR/USD trades at 1.1431, reflecting a 0.10% increase during the session, following a rise to 1.1450 on Tuesday, marking its highest level since June 19, before retreating from that near one-month peak throughout Wednesday’s European session. The intraday band spans from 1.1382 to 1.1463, with the previous close recorded at 1.1387. The pair has experienced … Read more
USD/JPY is currently at 162.32, reflecting an increase of 0.38%. This follows a peak in July that exceeded 162.80, with a recent print of 162.58 marking the yen’s weakest position against the dollar in forty years. The Japanese currency sank to the lower 162 zone in Tokyo trading, marking its lowest level since December 1986. … Read more
The AUD/USD ratio might drop to 0.6833, a nearly six-month low. The 14-day Relative Strength Index around 40 indicates that the asset continues to experience bearish pressure. The pair is currently assessing the immediate resistance at the nine-day EMA of 0.6932. AUD/USD is experiencing a slight upward movement following a decline of 0.5% the previous … Read more
USD/CAD drifts higher to approximately 1.4165 during the Asian session on Monday. The US initiated a fresh series of strikes against Iran with the objective of ‘degrading’ its military capabilities. The Bank of Canada is expected to maintain the current interest rate during the upcoming meeting on Wednesday. The USD/CAD pair is experiencing an uptick, … Read more
EUR/USD is positioned on the threshold that will determine its trajectory for the next six months. The pair traded around 1.1400 on Wednesday, held at the critical support level it has consistently defended since March, as the dollar strengthened into the afternoon amid the same shock affecting all other markets. Trump announced the termination of … Read more
