Forex markets remained on edge on Tuesday ahead of the U.S. inflation data. Investors think that it may provide clues about the timing of the Fed’s stimulus tapering and rate hikes. Last month the Federal
Riskier currencies traded above their recent lows against the safe-haven U.S. dollar and the Japanese Yen on Monday. It seems fears about the global economic slowdown subsided for now. Investors are waiting for the new
EUR/USD struggled to hold onto its gains on Friday as the ECB effect fades away. It seems the recent upside correction is nearing an end. According to analysts, the pair will likely continue to downtrend,
The EUR/USD continued its downtrend in the Asian session on Thursday morning. The pair traded near the multi-month low, around 1.1795, for a while. However, currently, it stands at 1.1790, higher by 0.01% for the
The EUR/USD pair remained red on Wednesday, suffering from mild downside momentum on the four-hour chart. It is trading below the 50, 100, and 200 simple moving averages on the four-hour chart currently. However, EUR/USD
The Euro soared on Tuesday, leaving Monday’s pessimism behind. Traders are now focusing on the 1.1900 area. The EUR/USD pair navigates in the area of 4-day highs, remaining just shy of 1.1900. The selling bias
The EUR/USD pair traded lower this week as predicted. It hit the next target of 1.1820/10 on Monday. Furthermore, the pair bottomed at that range before NFP boosted it, enabling recovery to the first resistance
USD/JPY pair hit a new 15-month high at 111.62 on Thursday, reaching its highest level since March 2020, thanks to a consistent bullish trend since early May 2021. The pair also posted a lot of
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