Forex News
USD/JPY Continues to Drop Below 142.00 as USD Weakens – All Eyes on Fed Decision
The USD/JPY pair attracts fresh sellers during the Asian session on Wednesday Introduction During the Asian session on Wednesday, the USD/JPY pair has attracted fresh sellers and slid back below the 142.00 mark. This movement comes after eroding a part of the overnight gains and stalling its recovery from the lowest level since July 2023,…
Will Gold Shine Brighter as the Fed Takes a Dovish Stance? Insights from TD Securities
The Last Leg of the Rally in Gold: A Closer Look Is it a Stop Hunt? There is evidence that the last leg of the rally in Gold may have been a stop hunt. According to TDS Senior Commodity Strategist Daniel Ghali, the odd timing for an incursion into new all-time highs alongside evidence of…
Navigating the USD/JPY Market: A Comprehensive Analysis by UOB Group
The US Dollar’s Sideways Trading Range Against Japanese Yen Analysis by UOB Group FX Strategists The US Dollar (USD) is likely to trade in a sideways range of 140.10-141.40 against the Japanese Yen (JPY), according to UOB Group FX strategists Quek Ser Leang and Lee Sue Ann. In their analysis, they note that in the…
Get Ready to Cha-Cha with the AUD/USD: Pair Dances Past Mid-06700s to Reach Two-Week High Before US Retail Sales!
Witty Currency Chronicles: The AUD/USD Rollercoaster Oh, what a ride it has been! Picture this: The AUD/USD pair is on a wild journey, gaining traction for the second straight day and marking the fourth day of a positive move. It’s like a rollercoaster ride that just won’t quit! Today, it climbs to a one-and-half-week high…
140 and Counting: The Rollercoaster Ride of USD/JPY and the Carry Unwind Craze
Feeling Low: USD/JPY Hits Yearly Lows What’s Going on with USD/JPY? Well, folks, it looks like USD/JPY is starting off the week on a bit of a downward trend. As of the weekly open, the pair hit a fresh yearly low, signaling some potential turbulence ahead. For those of you following along, you may have…
Get Ready for a Wild Ride: USD/JPY and Gold Forecast for the Week Ahead with Fed and BOJ Policies!
Unleashing Chaos: The Impending Fed Rate Cut and Its Ramifications What a Time to Be Alive As market expectations teeter between a 50-60% likelihood of a 50 basis points (bps) Federal Reserve rate cut, the US Dollar finds itself in a free fall reminiscent of December 2023. The ramifications are vast, with USDJPY breaching the…
Waiting for Strength: A Quirky Take on the NZD/USD Price Forecast
Waiting for Strength: A Quirky Take on the NZD/USD Price Forecast The NZD/USD Pair’s Rollercoaster Ride As the new week kicks off, the NZD/USD pair has traders on the edge of their seats with its unpredictable movements. After experiencing a significant pullback from the 0.6200 level last Friday, the pair is now seeing a resurgence…
EUR/JPY Struggles Near Mid-15500s, Lowest Since August, Ahead of BOJ Meeting This Week: A Closer Look at the Currency Pair’s Performance
The EUR/JPY Cross in the Forex Market Market Analysis The EUR/JPY cross has been attracting sellers for the second consecutive day, causing it to drop to its lowest level since early August, below the mid-155.00s during the Asian trading session. This downtrend is being driven by a bullish sentiment surrounding the Japanese Yen (JPY), despite…