Forex News

Struggling GBP/USD Pair Faces Resistance Near 100-day SMA What’s Going On? So, you’ve probably heard about the struggles of the GBP/USD pair in the market. It seems like they just can’t catch a break, right? Well, during the Asian session on Friday, things took a turn for the worse as they faced rejection near the…

Gold prices (XAU/USD) have been struggling to gain momentum after experiencing a solid rebound from the 50-day Simple Moving Average (SMA) support near the $2,643 area. This came after hitting a three-week low and attracting some sellers during the Asian session on Friday. The US Dollar (USD) managed to regain positive traction, reversing a portion…

Let’s Talk About USD/JPY and the Federal Reserve What a Rollercoaster! So, USD/JPY has been all over the place lately, huh? It’s like watching a particularly dramatic telenovela unfold right before our eyes. Just when you think you’ve got a handle on things, BAM, something else happens to shake it all up again. Well, buckle…

Time to Talk GBPUSD: What You Need to Know A Rollercoaster Ride for GBPUSD GBPUSD took a sharp dive to a two-month low of 1.2833 on Tuesday as the return of Trumponomics gave fresh impetus to the greenback. On Wednesday, the 50% Fibonacci retracement level of the April-September rally came to support the market ahead…

EUR/JPY Maintains Position Near 165.50 During Asian Trading Hours The Impact of Bank of Japan’s Hawkish Minutes on Japanese Yen (JPY) During the Asian trading hours on Wednesday, the EUR/JPY pair is holding steady near 165.50. This stability comes as the Japanese Yen (JPY) receives support from the hawkish minutes of the Bank of Japan’s…

The Impact of GBPUSD Chart Analysis on Market Trends Market Analysis: Last week, we predicted a further drop in GBPUSD, and our analysis has proven to be accurate. The market is currently testing trend support around the 1.2800-1.2820 zone. This support level could potentially trigger a rebound correction towards 1.3020-1.3040 and 1.3150-1.3175. However, if the…

Gold Price Attracts Fresh Sellers During Asian Session Introduction The price of gold (XAU/USD) has experienced a decline during the Asian trading session on Tuesday, dropping to a one-week low of around $2,725-2,724. Despite this decrease, it appears that there is some level of support preventing further downside movement. The situation is influenced by several…

The Potential Impact of a Trump Win on the Euro-Dollar Exchange Rate With the US presidential election approaching, market analysts are closely eyeing the potential impact of a Trump win on the euro-dollar exchange rate. The euro has already fallen over 2% in the past month amid rising speculation of a Trump victory, as his…