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
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
AUD/USD appreciates to approximately 0.7010 during the Asian session on Thursday. Australia’s unemployment rate remained stable at 4.4% in June, aligning with expectations. Iran issued a warning regarding a potential response should the United States act on Trump’s threats to dismantle infrastructure. The AUD/USD pair maintains a favourable position close to 0.7010 during the Asian … 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 experienced a decline of nearly 1.2% over the past four sessions and currently stands … 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
The EUR/USD is currently at 1.1448, reflecting an increase of 0.13% over the past week, while showing a decline of 1.39% over the last thirty days. The pair has appreciated since Monday, yet it has shown no increase since January. The recent trajectory reflects a succession of unsuccessful attempts. On July 12, the pair was … Read more
USD/JPY is currently at 162.14472, reflecting a decline of 0.03% for the session. The pair recorded a value of 162.1060 on July 15, reflecting a decrease of 0.09% from the prior close. The yen has depreciated by 1.05% in the last month and by 9.54% over the past twelve months. The yen last fell to … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
The USD/JPY pair increased to 162.41 on Monday, reflecting a rise of 0.44%. This movement occurred as the yen relinquished gains from the previous session, reaching new 40-year lows against the dollar. The upward pressure on the dollar was attributed to the recent escalation in Hormuz, which caused a spike in oil prices, heightened expectations … Read more
USD/JPY is trading around 162.5 on Thursday, keeping the Japanese yen close to a 40-year low as the renewed U.S.-Iran conflict drives oil prices higher and adds fresh pressure to Japan’s oil-dependent economy. The pair hovers just shy of its multi-decade peak at 162.84, having increased approximately 11% over the past year. This week’s upward … Read more