Sterling traded at 1.3643 against the dollar on Tuesday, reflecting a modest increase of 0.09% during the session, while remaining confined within a range it has maintained for two consecutive days. The pair has remained anchored above 1.3600 and below 1.3675 — the six-month peak reached last week — as market participants anticipate the U.S. … Read more
USD/JPY is currently at 159.078, reflecting an increase of 0.06% from Friday’s closing figure of 158.98. The session has fluctuated between 158.59 and 159.28, commencing at 159.01. The 52-week range spans 145.48 to 164.00, positioning the current spot within 493 pips of the upper limit of this annual band. The pair has returned above 159.00 … Read more
AUD/USD is currently testing the immediate resistance level at the nine-day EMA, positioned at 0.7161. The 14-day Relative Strength Index near 51 suggests a neutral-to-slightly positive momentum. The initial support is identified at the 50-day EMA of 0.7116. AUD/USD shows a recovery after two consecutive days of declines, currently trading near 0.7160 during the Asian … Read more
USD/CAD is currently stabilizing above 1.3920 following its inability to surpass the 2026 peak of 1.3978. The US Dollar experienced a decline following reports that Trump may be contemplating a resolution to the conflict in Iran. Fed Powell downplayed the prospect of immediate rate hikes, resulting in a decline in US Treasury yields. The US … Read more
The USD/JPY chart illustrates a struggle to maintain levels above 157.70–157.80, accompanied by a persistent consolidation near 156.30. The price advanced towards 157.80 but faced a strong rejection, subsequently retreating into the 155.85–156 range during the European session, negating a significant portion of the movement from 156.30. Throughout the day, the pair continues to fluctuate … Read more
The Bank of Japan has made a significant move by raising its short-term rate from 0.50% to 0.75%, marking the highest level in approximately thirty years, and this decision was reached by unanimous vote. Headline inflation stands at approximately 2.9%, with core inflation nearing 3.0%, significantly exceeding the Bank of Japan’s 2% target. Despite this, … Read more
