EUR/USD is currently at 1.1736 on Friday — marking its highest level since early March — and this movement is not merely a blip, a short squeeze, or a positioning accident. The pair has now achieved gains for the fifth consecutive session, indicating a consistent directional shift that commenced with the announcement of the U.S.-Iran … Read more
USD/JPY is currently positioned around 159.30-159.50 on Friday, nearing the significant ¥160 threshold that has become the focal point for momentum buyers, those monitoring for intervention, and the Bank of Japan’s increasingly challenging policy calculations. The pair declined to ¥158.00 earlier this week, reaching a low of 158.48 on April 9, before initiating a recovery … Read more
The US dollar experienced a decline against the Canadian dollar during Wednesday’s trading session, influenced by a decrease in rates following a ceasefire agreement between the United States and Iran. Given the circumstances, we have observed certain breaches of this, and it will be intriguing to monitor whether this trend persists. We have seen a … Read more
The delicate US-Iran ceasefire, coupled with ongoing regional attacks, has maintained a spotlight on geopolitical risks. US PCE inflation remained steady, and labor market indicators showed continued strength. The expectations for a Bank of England rate hike, coupled with a weaker Dollar, contribute to the ongoing support for Sterling. The GBP/USD pair moves above the … Read more
On Thursday, EUR/USD experienced an increase, reaching 1.1667. The US dollar managed to recover some of its losses from the prior session, reflecting a cautious market sentiment in light of the delicate truce between the US and Iran. The dynamics surrounding the Strait of Hormuz continue to exhibit significant tension. Reports indicate that the movement … Read more
A head-and-shoulders pattern is forming as USD/JPY records lower highs and lows. The RSI is approaching 50, indicating an increase in bearish momentum pressure. A decline beneath 158.48 reveals support levels at 157.88 and 157.35. The USD/JPY pair experienced an increase, approaching the 20-day Simple Moving Average at 159.19 on Thursday. However, it subsequently pulled … Read more
The USD/CAD pair has softened to approximately 1.3835 during the early Asian session on Wednesday. Trump has consented to halt military actions against Iran for a duration of two weeks. The FOMC Minutes are set to be the focal point later on Wednesday. The USD/CAD pair experiences a decline, reaching approximately 1.3835 in the early … Read more
Sterling continues to strengthen as the ceasefire in Iran triggers widespread selling of the US Dollar. The decline in oil prices, coupled with a positive shift in sentiment, has bolstered the rally of the Pound. The delicate nature of the ceasefire and potential regional assaults may continue to limit upward potential. The Pound Sterling experiences … Read more
With the recent de-escalation of tensions in the Middle East, marked by the announcement from Trump and Iran regarding a two-week halt in military operations while awaiting a final agreement, the influence of the conflict on crude oil prices has diminished. Previously, oil had surged to unprecedented levels, posing a risk to global inflation and … Read more
The USD/JPY pair remains poised to challenge the critical 160-yen threshold, a level that has repeatedly acted as a major barrier. Market participants are closely monitoring this zone, along with the 160.40 level, which aligns with a historical peak from 1990. USD/JPY continues to approach this key resistance, supported by a widening interest rate differential … Read more