The Battle of USD/CAD: Bulls vs Bears A Tug of War in the Forex Market USD/CAD aptly portrays the market’s indecision ahead of the all-important US inflation data as it prods bulls at the highest levels in nearly four months, making rounds to 1.3375-80 heading into Monday’s European session. In doing so, the Loonie pair…
EUR/USD Struggles as Inflation Concerns Loom Introduction The EUR/USD pair is facing uncertainty as it begins a crucial week with inflation playing a key role in determining its direction. After seeing a rise in the last two consecutive days, the pair is now trading lower, with sellers targeting the psychological level of 1.1000 during the…
The AUD/USD pair continues to gain traction Overview The AUD/USD pair is showing positive signs of recovery after bouncing from a two-month low of 0.6515. The pair has managed to gain traction for the second consecutive day, currently trading around the 0.6565-0.6570 region with a daily increase of over 0.25%. While there has been a…
AUD/USD Pre-Event Inaction Around 0.6715-20 Waiting for RBA’s Interest Rate Decision Market Overview: AUD/USD portrays the typical pre-event inaction around 0.6715-20 during early Tuesday morning in Asia as the Aussie traders await the Reserve Bank of Australia’s (RBA) Interest Rate Decision with mixed feelings. That said, the presence of China Caixn Manufacturing for July and…
USD/JPY Retreats from Weekly Highs Amid Risk-On Sentiment and Rising Treasury Yields Market Overview The USD/JPY pair has retreated from its weekly highs of 141.81 and is now falling towards current exchange rates. This decline comes as a result of a risk-on impulse in the market, despite US Treasury bond yields rising. Traders are now…
GBP/JPY Picks Up Bids to Refresh Intraday High Near 181.75 Market Sentiment Boosts Cross-Currency Pair Heading into Tuesday’s London Open GBP/JPY has seen a resurgence in buying interest, pushing the pair to a new intraday high near 181.75 as traders responded to the upbeat market sentiment. This positive shift comes after a somewhat lackluster start…
GBP/USD remains under pressure at 1.2850 What happened? GBP/USD is struggling to gain ground above the 1.2850 level after a sharp decline at the start of the week. The pair is currently trading between the 100 and 200 Exponential Moving Average (EMA), with oscillators signaling bearish momentum. Traders are now waiting for the release of…
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…
