My Rollercoaster of Emotions with Yen and Dollar Let’s Talk Numbers So, the yen dropped against the dollar on Friday. It was like watching a tennis match, my head moving back and forth as I tried to keep up with the numbers. 139.74? 141.95? It felt like I was living in a math maze, trying…
NZD/USD Dives Below 0.6200 Figure Overview The NZD/USD pair has experienced a sharp decline, falling below the key level of 0.6200. This downward movement is attributed to the pair extending its losses past the 200-day Exponential Moving Average of 0.6226. The current exchange rate stands at 0.6175, following a drop from a daily high of…
USD/CHF Back-and-Forth Moves European Session Update The USD/CHF pair is currently showing back-and-forth movements around the 0.8660 level in the European trading session. The Swiss Franc asset has been navigating through the market woods following a sharp rally near 0.8680. This sideways movement comes as investors eagerly await the upcoming interest rate decision by the…
EUR/CAD Technical Setup: An Impending Depreciation? What’s Happening with EUR/CAD? The EUR/CAD pair is currently displaying a compelling technical setup. With a 78.6% retracement and lower highs, combined with pivot point resistance, there is triple confirmation of an impending depreciation of the Euro against the Canadian Dollar. Challenges for the European Central Bank The European…
How USD/TRY is Making Waves in the Financial Market The Rollercoaster Ride of USD/TRY The USD/TRY pair has been on a wild ride lately, with fluctuations leaving investors on the edge of their seats. After a period of decline in the last two consecutive days, the pair has regained upside momentum, up 0.65% intraday near…
The Impact of Central Bank Announcements on Gold Price Gold Price (XAU/USD) steadies after refreshing the highest levels in two months Gold price (XAU/USD) has been holding steady after reaching its highest levels in two months. This comes as the precious metal braces for the third consecutive weekly gain ahead of key central bank announcements…
Gold prices showed a slight increase during the Asian session on Friday, attracting some dip-buying activity. This led to a reversal of a portion of the previous day’s retracement slide from a two-month peak in the $1,987-$1,988 region. Currently, the XAU/USD pair is trading just below the $1,975 level, marking a gain of over 0.15%…
Gold Price (XAU/USD) remains pressured at $1,9170 Introduction On early Friday morning in Asia, the Gold Price (XAU/USD) remains pressured at $1,9170 after reversing from a nine-week high. Market players are seeking more clues to justify the latest pullback in the metal’s prices. Despite the retreat, the XAU/USD remains on the way to posting the…
