Forex News
Sayonara, Yen! EUR/JPY Holds Strong Above 16,100s as Japanese Currency Takes a Breather
Welcome to the Quirky Finance Corner! Are You Ready to Dive into the World of EUR/JPY Cross Trading? So, picture this: you wake up one morning, roll over in bed, and instead of checking social media or your horoscope, you decide to check on the EUR/JPY cross. Who would have thought that could be a…
Gold CTA Positioning Stays Close to Maximum Long Position Size, According to TDS
Gold Market Overview Gold now screens as a well-populated trade. The Street is unanimously bullish, but macro fund positioning may now be tapped out without an imminent recession. CTA positioning remains near its effective ‘max long’ position size, the top Shanghai traders have been selling their positions from near-record highs, and Asian physical markets remain…
Silver May Be Reaching a Bottom: A Technical Analysis
Silver May Be Reaching a Bottom: A Technical Analysis Introduction Silver has been showing signs of slowing down over the last three months. However, recent analysis on the 4-hour time frame reveals a three-wave pattern (A-B-C), suggesting a corrective decline within a higher degree wave IV. The price is currently approaching a critical support area…
Breaking Down the USD/CAD Battle: Will Bears Push Resistance at 1.3780-1.3790? Insights from Scotiabank
Exploring G10 FX Performance The Subtle Split There is a subtle split in G10 FX performance on the day. The Australian Dollar (AUD) and the New Zealand Dollar (NZD) are firming up, while the Norwegian Krone (NOK) is trading a little stronger overall. On the other hand, the Japanese Yen (JPY) and the Swiss Franc…
NZD/USD: Staying Strong Above 0.6000 as Bulls Aim for Multi-Week Highs
NZD/USD: Staying Strong Above 0.6000 as Bulls Aim for Multi-Week Highs Embracing Strength in the NZD/USD Pair As the NZD/USD pair continues to attract fresh buyers, it is evident that investors have confidence in the strength of the New Zealand dollar against the US dollar. Despite a brief dip below the psychological mark of 0.6000,…
Gold Price: Stuck in a Funky Range, But Still Rocking Potential Amidst Crazy World Drama
Are Gold Prices Really Worth Their Weight in Gold? Struggling to Shine Gold price (XAU/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Monday. A generally positive tone around the equity markets is seen acting as a headwind for…
Unlocking the Potential: A Look at the Upcoming USD/JPY Forecast and the Impact of US Inflation Data
The Impact of Key Inflation Data on Global Markets Stabilization in Global Markets In the early parts of the week ahead, we could well see some further stabilisation in the global markets so long as the USD/JPY doesn’t fall in the same pace we saw on Monday and Friday of the week before. The focus…
Maximizing Profit Potential: A Technical Analysis of EUR/USD Amid Fed Speculation and Economic Data Drought
The Impact of High Volatility on the EUR/USD Pair Finding Stability amid a Rollercoaster Week The EUR/USD pair has been a focal point for many traders and investors this week, as it experienced significant volatility on the forex market. Amidst all the uncertainty, the pair has finally found some stability at around 1.0921 this Friday….