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
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 declined by nearly 1.2% over the past four sessions and currently stands 0.51% below … 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
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
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 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
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
GBP/USD traded near $1.3374 on Wednesday, easing after UK inflation cooled more than expected in June but remaining within the range that has constrained the pair for weeks. Headline consumer prices increased by 2.6% in June, a decrease from 2.8% in May and below the anticipated 2.7% projected by the market, primarily driven by lower … Read more