Forex News

Feeling Eurotic: A Currency Rollercoaster Welcome one and all to the thrilling world of foreign exchange markets, where the Euro (EUR) is currently stealing the show. Strap in, hold on tight, and let’s take a wild ride together as we analyze the latest trends in the EUR’s performance. According to UOB Group’s FX analysts Quek…

GBP/JPY: A Closer Look at the Impact of UK CPI on Recent Losses, Still Struggling Above 19400 Introduction The GBP/JPY cross attracts heavy selling following the release of the UK consumer inflation figures on Wednesday and retreats further from over a two-week high touched the previous day. The second straight day of a downfall drags…

Today in the world of forex trading, the USD/CAD pair seems to be playing hard to get, much like that one person you can’t seem to get a date with. Despite a slight uptick in the Asian session, the pair is struggling to break through its recent high around the 1.3835-1.3840 region. Currently hovering around…

Feeling Like Gold: A Playful Look at the Market Shining Brighter Than Ever Gold prices are on the rise, much like my mood when I find out there’s leftover pizza in the fridge. The XAU/USD is edging higher for the second day in a row, making it the fourth positive move in the last five…

GBPUSD struggles to find direction near September’s base Technical signals fail to signal an upside reversal GBPUSD has been facing a lack of clear direction as it hovers near September’s support level of 1.3000-1.3040. Despite some mild selling pressure, the currency pair has managed to hold its ground following the release of UK employment data….

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…