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 day. The U.S. Dollar Index remained steady at a 13-week high against six major rivals on Thursday, despite the Federal …
EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday Read More »
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 has rebounded from the previous multi-month low of 1.1808. Below 1.1808, the pair’s next support lines are at 1.1760 and …
EUR/USD, USD/JPY, and GBP/USD Forecast for Wednesday Read More »
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 gains in the last week of June. Current forex market sentiment is somewhat pessimistic and a bit risk-off due to …
USD, JPY, EUR, and GBP’s moves Friday – Forex market wrap Read More »
EUR/USD tumbled down to a post-FOMC low as the greenback strengthened further on Thursday. The pair traded at 1.1840, reaching its lowest level since April 6. Meanwhile, the U.S. dollar continued rallying. The currency maintained its uptrend despite yesterday’s month and quarter end-trading. However, several key events will take place in the following days, and …
Analytical Overview of the EUR/USD, USD/BRL, GBP/USD, USD/JPY Pairs Read More »
The Euro declined by 0.1% to $1.1923 on Monday, as it struggled to rebound to the $1.20 level. The EUR/USD pair mostly rallied during the last week. However, it seems, the common currency has run out of momentum late in the week. During a meeting on June 16th, the Federal Reserve’s officials made hawkish forecasts, …
USD, EUR, GBP, JPY, AUD, CAD, and KWD – Technical Analysis Read More »
The U.S. dollar fluctuated on Thursday, trading below an 11-week high against major currencies. Investors attempted to navigate conflicting signals from Federal Reserve officials about the timing of monetary stimulus withdrawal. The dollar index stood at 91.847 in Asia against the six rivals. It rebounded from Wednesday’s low of 91.509 today. The index hit a high at …
U.S. Dollar Fluctuated Thursday While Japanese Yen Fell Read More »
The U.S. dollar rallied on Friday as traders were busy closing short positions after the Fed meeting. The dollar index skyrocketed, hitting a more than two-month high of 92.010. It is currently on track for a 1.6% weekly gain, its largest since September. Meanwhile, the dollar’s rival currencies struggle as they remain under pressure due to the …
Yen, Euro and Sterling Tumbled Down Against the U.S. Dollar Read More »
The Pound Japanese Yen exchange rate tumbled down today after the Japanese economic index for April beat forecasts, soaring to 103. Currently, the GBP/JPY pairing is fluctuating around ¥154.88. The Japanese Yen rallied thanks to the leading index figure, which skyrocketed to a seven-year high in April. This index measures the nation’s economic activity. So, …
The Japanese Yen Rallied Against the British Pound Read More »
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