The Current State of USD/JPY Pair Regaining Positive Traction Asian Session Snapshot The USD/JPY pair has been making positive moves during the Asian session on Thursday, breaking a two-day losing streak that led it to a one-and-half-week low at around mid-144.00s touched the previous day. Currently, spot prices are trading just above the 145.00 psychological…
Gold Price Attracts Dip-Buying Amidst Firming Fed Expectations Market Update Gold price attracted some dip-buying on Wednesday and stalled the overnight modest pullback from the $1,904-$1,905 region, marking a multi-day peak. The XAU/USD climbed back above the $1,900 mark during the Asian session, but any meaningful appreciating move remains elusive in the wake of firming…
The AUD/USD pair attracts fresh buyers near the 0.6400 round-figure mark on Tuesday Market Update What’s happening with the AUD/USD pair? The AUD/USD pair is showing signs of recovery as it attracts fresh buyers near the 0.6400 round-figure mark on Tuesday. The pair has been steadily climbing during the early part of the European session,…
The EUR/USD pair gains traction after six-day losing streak Positive start to the week On the first day of a new week, the EUR/USD pair has finally gained some positive traction. This comes after a six-day losing streak that saw the pair drop to its lowest level since July 6, touching around the 1.0845 area…
USD/JPY Struggles to Maintain Momentum Market Sentiment Shifts as Yen Gains Ground Technical Analysis Impacts Trader Behavior USD/JPY has faced downward pressure for the second consecutive day as it retreats from its Year-To-Date high of 145.50. The lackluster end to the week has left market players seeking more clues, contributing to the pair’s recent weakness….
Gold Price Struggles in Asian Trading on Tuesday Market Sentiment Still Bearish The price of gold has been facing challenges in gaining momentum during the Asian trading session on Tuesday. The XAU/USD pair is currently hovering near its lowest level since June 6, which was reached yesterday. Despite managing to stay above the $1,900 mark…
EUR/USD: Navigating Through Pre-Data Anxiety The EUR/USD currency pair aptly portrays the pre-data anxiety as it seesaws around 1.0975-80 during the early hours of Thursday’s Asian session. The pair is struggling to extend the previous day’s corrective bounce from the weekly low, highlighting the mixed catalysts surrounding the US and Eurozone economies. The looming fears…
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…
