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
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
During Wednesday’s early Asian session, AUD/USD gains momentum to about 0.7010. Increasing oil prices may solidify a fourth rate increase by the RBA this year, contingent upon the resolution of US-Iran conflicts in the coming weeks. The US has initiated the 11th night of strikes against Iran as diplomatic efforts continue to falter. The AUD/USD … Read more
AUD/USD maintains its upward trajectory, bolstered by a robust Australian Dollar that finds support from significant economic data published by its principal trading partner, China. China’s economy in the second quarter expanded by 0.9% on a quarter-on-quarter basis, a decline from the 1.3% growth observed in the first quarter, yet aligning with market expectations. The … 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 euro is holding steady on Friday, with EUR/USD positioned around $1.1420, remaining at the lower end of a range it has occupied throughout the year. The pair has retraced from Thursday’s advance towards $1.1438 and currently hovers just above the critical threshold: the $1.1400 support, which has emerged as the pivotal point in the … Read more
GBP/USD is currently positioned above 1.3400 on Thursday, exchanging at approximately 1.3415 during the early hours of European trading, maintaining a positive outlook as it continues to capitalise on the gains observed on Wednesday. That level is of paramount importance on the chart: 1.3400 represents the position of the 200-day moving average, which has consistently … Read more
The euro traded around $1.1419 as Monday commenced, maintaining a position just above the $1.14 threshold following a modest weekly increase of 0.5%, yet remaining near one-year lows in relation to the dollar. That’s the frame: a currency that has managed to achieve a modest rebound while remaining ensnared in a persistent downtrend that has … Read more
USD/JPY experiences robust follow-through positive momentum for the second consecutive day on Monday. The substantial rate differential between the US and Japan exerts downward pressure on the JPY, whereas the risks associated with Hormuz appear to favour the USD. Intervention risks may deter JPY bears from initiating new positions and limit spot price movements. The … Read more