The USD/CAD pair reaches two-month high near 1.3400 resistance In the European session, the USD/CAD pair hit a fresh two-month high near the critical level of 1.3400. The rally in the Loonie asset has been fueled by renewed optimism among investors, who are anticipating further interest rate hikes by the Federal Reserve. Over the past…
EUR/GBP Cross Attracts Fresh Buying Near 0.8600 Mark Embracing Opportunities in the Forex Market It’s Friday, and the EUR/GBP cross is making waves in the market as fresh buying near the 0.8600 mark sends ripples of excitement through the trading community. The overnight pullback from a nearly two-week high, following the Bank of England (BoE)…
Feeling the Friday Forex Frenzy! Riding the Waves of the USD/CHF Pair So, picture this: it’s Friday, the end of the week is in sight, and the USD/CHF pair is just getting started on its wild ride. The pair attracts some dip-buying near the 0.8730 area, sending traders into a frenzy of excitement. As the…
Feeling the Pulse of the Forex Market USD/JPY Pair: A Rollercoaster Ride As forex traders eagerly track the movements of the USD/JPY pair, the recent sharp retracement slide from the four-week high near the 144.00 mark has not gone unnoticed. The pair has since climbed back towards the 143.00 mark during the Asian session on…
Gold Price Languishes at Lowest Level Since July Overview The Gold Price (XAU/USD) is currently languishing at the lowest level since July 12, hovering around $1,935 after breaking through the $1,945 support confluence. This drop comes as bears reflect on their losses, with a slew of United States statistics set to be released on Thursday….
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,…
The EUR/JPY Pair Declines towards Immediate Support Market Analysis in the European Session The EUR/JPY pair has come out of the woods and is declining towards the immediate support of 155.00 in the European session. This movement suggests a bearish trend may be emerging in the forex market. Volatile Market Ahead The cross is expected…
The AUD/USD pair catches aggressive bids on Thursday Strong Intraday Gains The AUD/USD pair has caught aggressive bids on Thursday and is sticking to its strong intraday gains through the early part of the European session. Spot prices currently trade around the 0.6825-0.6830 region, just a few pips below the daily peak. For now, it…
