GBP/JPY Takes a Dive as BOJ Hints at Strong Moves, According to Nikkei Report Introduction Recently, the GBP/JPY currency pair experienced a significant drop in value following a report from Nikkei suggesting that the Bank of Japan (BOJ) is considering making drastic changes. This news has sent shockwaves through the financial markets, impacting investor sentiment…
Silver’s Impulsive Recovery and Potential Upside Elliott Wave Perspective Silver has been undergoing an impulsive recovery away from its recent lows of 22.05. According to the Elliott wave perspective, there is room for more upside as it appears to be unfolding a five-wave bullish cycle. The current movement aligns with expectations, with the precious metal…
The USD/CHF pair struggles to maintain height after printing eight-year low Market Situation The USD/CHF pair is currently facing challenges in keeping its position after hitting an eight-year low of 0.8552 during the European session. This decline can be attributed to the pressure on the Swiss Franc due to the optimistic market sentiment, fueled by…
The Impact of Fed’s Interest Rate Guidance on USD/CAD Pair Technical Analysis of USD/CAD Pair The USD/CAD pair recently found intermediate support after correcting swiftly to near 1.3160 in the London trading session. This level has proven to be a strong support zone for the pair, as it bounced back from this level multiple times…
The Impact of Australian Consumer Inflation on the AUD/USD Pair Introduction The AUD/USD pair has shown resilience in the face of softer Australian consumer inflation, with a strong bid tone pushing it to a one-week high during trading on Thursday. Currently trading around the 0.6815-0.6820 region, the pair is up over 0.80% for the day….
Silver Continues to Shine Bright Strong Market Performance Silver has been on an impressive upward trajectory in recent days, gaining positive traction for the third successive day. During the early part of the European session, the white metal surged to a fresh weekly top, currently hovering just above the key $25.00 psychological mark. This marks…
The Battle of USD/INR: A Quirky Market Story Introduction to the Rollercoaster Ride Picture this: the USD/INR pair is on a rollercoaster ride, struggling to make sense of its recovery gains over the past couple of days. It’s like watching a drama unfold in the world of currency trading, with the 81.65 region becoming a…
EUR/USD retreats from intraday high as it struggles to defend buyers around the 1.1100 round figure The EUR/USD pair is facing a challenging time as it retraces from its intraday high and tries to hold its ground around the 1.1100 level. Heading into Thursday’s European session, the Euro remains stronger for the second consecutive day,…
