The EUR/JPY Cross: A Rollercoaster Ride Intraday Volatility The EUR/JPY cross saw a wild ride recently, with an intraday bullish spike quickly turning into a sharp downturn. This sudden drop came after the Bank of Japan (BoJ) delivered a somewhat hawkish message on Friday, catching many traders off guard. The cross tumbled to its lowest…
The USD/JPY Pair: A Closer Look at Recent Volatility Introduction The USD/JPY pair has been making headlines recently due to its wild spikes following the Bank of Japan’s decision to allow more flexibility in Japanese Government Bonds (JGBs) yields. Despite this move, the central bank opted to keep interest rates unchanged, signaling a cautious approach…
Gold Price Rebounds During Asian Session Market Analysis The gold price attracted some buying during the Asian session on Friday, reversing a portion of the previous day’s steep decline to reach over a two-week low. This drop was primarily due to upbeat macro data from the United States (US). Currently, the XAU/USD is trading around…
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….
