Forex News

Falling Down the Rabbit Hole: AUD/JPY Sell-Off Explained The Rollercoaster Ride of AUD/JPY Have you ever felt like you were on a wild rollercoaster ride as you watched the financial markets? Well, if you haven’t, let me tell you about the latest dip in the AUD/JPY pair that has left traders holding on for dear…

The EUR/USD pair slips to near the crucial support of 1.0900 Market Sentiment and Economic Factors Drive the Euro In Monday’s European session, the EUR/USD pair is seeing a decline towards the key support level of 1.0900. This drop in the major currency pair can be attributed to the shift in market sentiment towards extreme…

EUR/USD Takes Off as USD Falters Well, well, well, looks like the Greenback had a tough time at the office last Friday! The EUR/USD pair soared as the US Dollar took a major hit following some disappointing data in the US Nonfarm Payroll (NFP) figures. It seems like the market was not too pleased with…

Feeling the Heat: USD/JPY Hits Five-Month Low What Just Happened? Well, well, well, the USD/JPY certainly gave traders a rollercoaster ride last Friday! The pair plummeted to a five-month low of 146.41 after some rather disappointing US economic data was released. This downward spiral increased the likelihood of a Federal Reserve rate cut at their…

August 1st Stock Market Recap Market Overview On Thursday, August 1st, U.S. stock markets closed lower due to data raising concerns about the economy slowing too rapidly amid the Federal Reserve’s restrictive monetary policy. Although early gains in Meta Platforms initially lifted stocks, worries over AI-related earnings and the outlook for megacap stocks have recently…

Gold price (XAU/USD) exhibits sheer strength in Friday’s European session ahead of the US Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT. The official Employment data will indicate the current status of the labor market, which will influence market speculation for a US Federal Reserve (Fed) rate cut in September….

Should the bears remain hungry… Technical Analysis of USDCHF: Breaking Down the Charts: If the bears remain hungry, there is a possibility that they could try to break below the March 13, 2014 low in the USDCHF market. This would open up the potential for a further downward push in the pair’s value. The 0.8552-0.8593…

The GBP/JPY Cross: A Closer Look Recent Developments The GBP/JPY cross has been experiencing heavy selling pressure for the third consecutive day, leading to a drop below the 191.00 level – its lowest since April 23. Despite this downward trend, spot prices have managed to rebound slightly and are currently trading around the mid-191.00s. This…