EUR/JPY Pair Rallies as ECB President Christine Lagarde Supports Inflation Commitment New York Session Update As the New York session comes to a close, the Euro (EUR) has managed to recover some lost ground against the Japanese Yen (JPY). This comes after European Central Bank (ECB) President Christine Lagarde made neutral to hawkish remarks, emphasizing…
USD/JPY Rallies After Hawkish Comments from US Federal Reserve Chair A Closer Look at the Currency Pair’s Recent Performance The USD/JPY has seen a recent surge in price after trading within familiar ranges in a choppy session. The rally was sparked by comments from US Federal Reserve Chair Jerome Powell, as he hinted at additional…
EUR/USD Takes Offers to Refresh 2.5-Month Low Near 1.0780 Market Players Await Jackson Hole Speeches from ECB President Lagarde and Fed Chairman Powell EUR/USD is under pressure, hitting a 2.5-month low near 1.0780 as we head into Friday’s European session. Market players are eagerly anticipating speeches from European Central Bank (ECB) President Christine Lagarde and…
The Impact of GBP/USD Rejection Slide Introduction The GBP/USD pair has been experiencing a prolonged rejection slide from the 1.2800 mark, showing signs of continued selling pressure for the fourth consecutive day. Spot prices have dropped to a more than two-month low, around the 1.2585 region during the Asian session. This confirms the overnight breakdown…
Gold’s Price Volatility: A Rollercoaster Ride Emotional Rollercoaster Gold Price (XAU/USD) fluctuates around the weekly highs, currently sitting at $1,916 during early Friday’s Asian trading session. This comes as a surprise after a bearish turn on Thursday. The yellow metal seems poised to end its four-week losing streak, with all eyes on Federal Reserve (Fed)…
