Forex News

The GBP/JPY Cross Soars to Three-Week High Introduction The GBP/JPY cross has been on a winning streak, heading higher for the fifth consecutive day. This upward momentum follows a brief dip to the 188.70 area earlier in the day, before surging to a nearly three-week high during the first half of the European session on…

Gold Price Rallies as Fed Initiates Rate Cuts The Rise of Gold: What Happened and Why Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve’s (Fed) decision to start the policy easing cycle with an oversized rate cut….

The NZD/USD pair struggles to reach two-week high Emotions run high as Kiwi asset faces pressure The NZD/USD pair gains significantly by more than 0.5% but struggles to seize the two-week high of 0.6270 in Thursday’s North American session. The Kiwi asset faces slight pressure as the US Dollar (USD) has rebounded after the release…

USD/CHF: Staying Steady Near Daily Low Despite Weaker USD, Maintains Position Above Mid-08400s The USD/CHF pair attracts some sellers following an intraday uptick to the 0.8515 area, or a one-week high and drops to a fresh daily low during the first half of the European session on Thursday. As traders closely monitor the movements of…

The USD/CAD pair struggles to make gains Market Analysis The USD/CAD pair is currently facing challenges in capitalizing on the recent uptrend, which saw it reach a one-month high of 1.3645-1.3650. However, the pair has since dropped to the lower end of its daily range, hovering around the 1.3600 mark. This comes after a rebound…

The GBP/USD pair finds support near 1.3150 region Introduction The GBP/USD pair has seen some support near the 1.3150 region on Thursday. Currently, it seems to have paused its retracement slide from the 1.3300 neighborhood, which was the highest level since March 2022 touched the previous day. Spot prices have climbed closer to the 1.3200…

Breaking News: AUD/USD Skyrockets as Fed Slashes Interest Rates by 50 Basis Points The AUD/USD pair surged towards the 0.6800 level following the Federal Reserve’s unexpected decision to cut interest rates by 50 basis points, surpassing the anticipated 25 basis points reduction. This aggressive monetary easing reflects the Fed’s strengthened confidence in achieving its 2%…

The GBP/JPY Cross Faces Resistance Amid Economic Data Release Introduction The GBP/JPY cross has been struggling to make significant gains after hitting a one-month low earlier this week. Despite a two-day recovery, fresh selling pressure emerged during the Asian session on Wednesday, pushing spot prices back towards the 186.00 mark. The Japanese Yen (JPY) has…