USD/JPY is currently trading at approximately 161.70, having previously peaked in July above 162.80, which positions the yen precariously close to a 40-year low. The pair recorded 162.83 on June 30, marking the weakest level for the Japanese currency since 1986, and has since remained in the low 160s for the past three weeks. The … Read more
AUD/USD faces challenges as the Australian Dollar continues to exhibit weakness in the wake of the Consumer Inflation Expectations report. US strikes on Iranian assets and a new naval blockade have prompted a significant increase in the demand for safe-haven assets. Fed Chair Kevin Warsh characterised the prevailing inflation as temporary on Wednesday. AUD/USD experiences … Read more
Cable trades at 1.350171, reflecting an increase of 0.79% during the session — marking its strongest print since the highs observed in January and representing the first significant test of the 1.35 level in several months. The pair was positioned at 1.3401 during Wednesday’s European session, recorded at 1.3394 on July 12, and noted at … 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
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 trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more
EUR/USD trades at 1.1431, reflecting a 0.10% increase during the session, following a rise to 1.1450 on Tuesday, marking its highest level since June 19, before retreating from that near one-month peak throughout Wednesday’s European session. The intraday band spans from 1.1382 to 1.1463, with the previous close recorded at 1.1387. The pair has experienced … Read more
USD/JPY is currently at 162.32, reflecting an increase of 0.38%. This follows a peak in July that exceeded 162.80, with a recent print of 162.58 marking the yen’s weakest position against the dollar in forty years. The Japanese currency sank to the lower 162 zone in Tokyo trading, marking its lowest level since December 1986. … Read more
The AUD/USD ratio might drop to 0.6833, a nearly six-month low. The 14-day Relative Strength Index around 40 indicates that the asset continues to experience bearish pressure. The pair is currently assessing the immediate resistance at the nine-day EMA of 0.6932. AUD/USD is experiencing a slight upward movement following a decline of 0.5% the previous … Read more
