Forex News

The NZD/JPY pair resumes its upward trend The NZD/JPY pair resumed its upward trajectory on Monday, gaining 0.15% to 91.25. Since early October, the pair has been trading in a narrow range, consolidating the gains from last month. However, the 20-day and 200-day Simple Moving Averages (SMAs) appear to be converging towards the 92.50 level,…

Welcome to the Rollercoaster Ride of EUR/USD Trading! Hold on tight, traders, because EUR/USD is taking us on yet another wild ride! Just when we thought we had it all figured out, EUR/USD has thrown us a curveball with a slight downturn, correcting near the support level of 1.0905. What’s causing this sudden shift in…

USDJPY Shows Signs of Bullish Momentum Technical Analysis: USDJPY is making a strong move towards a fresh three-and-half-month high of 149.71, as it records its fifth consecutive green 4-hour session. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are confirming the current upside momentum. The next significant resistance level is…

The Impact of Geopolitical Risks on Currency Markets EUR/USD Exchange Rate Affected by Growing Tensions in Taiwan The EUR/USD exchange rate hovered in the 1.0920s on Monday, slightly down from the previous day’s close. This dip can be attributed to the US Dollar (USD) attracting safe-haven flows amidst increasing geopolitical risks in Taiwan. The Chinese…

USD/CHF Continues to Gain Ground USD/CHF trading around 0.8600 USD/CHF continues to gain ground for the second day, trading around 0.8600 during the early European hours on Monday. The upside of the USD/CHF pair could be attributed to a solid US Dollar (USD), fueled by expectations that the US Federal Reserve (Fed) will slow the…

Gold Price Rallies on Favorable Inflation Outlook and Geopolitical Tensions XAU/USD surged over 1% on Friday The gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed)…

USD/CAD Exchange Rate: A Look at the Latest Shifts in US PPI and Canadian Employment Data Introduction The USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday’s New York session. The Loonie asset surrenders some gains after the release of the United States (US)…

Gold’s Rise to Prominence Tailwinds and Technical Outlook Q4 Outlook and Potential Bull Run It’s a golden age for gold which has been exhibiting an unprecedented performance so far this year, adding another 14% to its value in the third quarter despite global central bank reserves stabilizing, to trade up by 42% year-on-year. This impressive…