Forex News

AUD/JPY Rises as RBA Governor Expresses Hawkish Sentiment During European Trading Hours The Australian Dollar to Japanese Yen (AUD/JPY) exchange rate climbed to near 98.40 on Tuesday, driven by bullish sentiment surrounding the Reserve Bank of Australia (RBA). RBA Governor Michelle Bullock’s comments on the central bank’s policy outlook sparked optimism among investors. Hawkish RBA…

EUR/USD Slips Back from Recent Gains Traders Ease Off the Gas Pedal EUR/USD pared back recent gains on Monday, slipping back from 1.1200 as traders ease off the gas pedal in broad-market Dollar-negative flows that sent Fiber into its highest bids in 13-months last week. Market risk appetite remains on balance to get the new…

The Impact of Central Bank Jitters on the GBP/CAD Exchange Rate What Happened Last Week? It was a rollercoaster ride for the Pound Canadian Dollar (GBP/CAD) exchange rate last week as central bank jitters in the US sent shockwaves through the currency market. Both the US Dollar (USD) and the Canadian Dollar (CAD) felt the…

Feeling the Financial Heat: USD/CHF Pair Sizzles Below 0.8500 Resistance A Bearish Trajectory for the Swiss Franc Asset Market Madness in Monday’s American Session Picture this: the USD/CHF pair is like a high-stakes game of financial limbo, trying to defy gravity and stay below the psychological resistance of 0.8500. It’s a true test of wills,…

Is AUD poised to break above 0.6800? Analysis of Overbought Conditions Conditions are severely overbought for the Australian Dollar (AUD), but there seems to be enough momentum for it to break clearly above 0.6800. According to UOB Group FX strategists Quek Ser Leang and Lee Sue Ann, the key level of 0.6870 is now in…

The Bearish Engulfing Candlestick Pattern Recently, a pair was observed violating a bearish engulfing candlestick pattern after refusing to close below 1.1100 on Friday. This led to an increase in optimism among traders, believing that the rally might have more room to run. However, as with any trading pattern, it is crucial to be cautious…

Charmingly Eccentric Blog Post A Soft Economic Landing on the Horizon With rate cuts expected at every FOMC meeting in the coming year, the markets are optimistic about the Federal Reserve’s ability to steer the economy towards a soft landing. This delicate balancing act is crucial for currency pairs like USD/JPY and NZD/USD, as the…

Euro vs. Dollar: A Strong Move and its Impact EUR/USD Continues to Rise EUR/USD put in another strong move over the past week and even with that being the fourth consecutive weekly gain, the pair has showed its largest weekly move since November of last year. In that last iteration, the pair was driving-higher after…