Foreign Exchange Analysts at Credit Agricole Analyze the EUR/USD Situation EUR/USD Valuation Report According to foreign exchange analysts at Credit Agricole, the Euro (EUR) is currently trading at levels that they consider to be expensive when compared to their short-term valuation target of 1.093. They suggest that there is very limited upside potential for the…
Laughing All the Way to the Forex Market: AUD/USD Takes a Step Back Oh, those feisty currency pairs! The AUD/USD duo is back in the spotlight. What’s going on with the Aussie dollar and its American counterpart? It seems like the AUD/USD pair is feeling the heat once again as it takes a step back…
The USD/CAD Pair: Waiting on the Fed Interest Rate Decision What’s Driving the Loonie’s Wild Moves? The USD/CAD pair has been struggling to find direction in recent trading sessions as investors eagerly await the interest rate decision by the Federal Reserve (Fed) for further guidance. The Loonie asset has been demonstrating wild swings in a…
Gold Price (XAU/USD) clings to mild losses What’s happening with the Gold Price? Picture this: Gold is like your favorite roller coaster – it goes up, it goes down, and sometimes it just clings to mild losses, just like it’s doing right now. The XAU/USD price is failing to defend its previous day’s bounce off…
Charmingly Eccentric: A Look at the GBP/USD Pair Introduction The GBP/USD pair has been a topic of discussion among forex traders as it struggles to capitalize on the previous day’s recovery. The pair, which hit a two-week low, is now hovering around the 1.2880-1.2875 region, facing some selling pressure near the 1.2900 mark during the…
GBP/USD on the Rise: IMF Supports UK Growth Forecasts, Hawkish BOE Boosts Confidence, Eyes on Fed Overview GBP/USD bulls take a breather around 1.2900 during early Wednesday morning in Asia, reversing from a two-month low, as well as snapping a seven-day-long losing streak, amid the broad US Dollar pullback. Apart from that, the International Monetary…
USD/JPY Retreats from Weekly Highs Amid Risk-On Sentiment and Rising Treasury Yields Market Overview The USD/JPY pair has retreated from its weekly highs of 141.81 and is now falling towards current exchange rates. This decline comes as a result of a risk-on impulse in the market, despite US Treasury bond yields rising. Traders are now…
The EUR/JPY Pair Declines towards Immediate Support Market Analysis in the European Session The EUR/JPY pair has come out of the woods and is declining towards the immediate support of 155.00 in the European session. This movement suggests a bearish trend may be emerging in the forex market. Volatile Market Ahead The cross is expected…
