Resuming the Upside Journey: USD/CHF Approaching 0.8800 Resistance The USD/CHF pair continues its upward momentum After a mild correction in the London session, the USD/CHF pair is once again on the rise, approaching the key round-level resistance of 0.8800. The Swiss Franc asset has been strengthening as market sentiment turns bearish ahead of the release…
The Battle of USD/CAD: Bulls vs Bears A Tug of War in the Forex Market USD/CAD aptly portrays the market’s indecision ahead of the all-important US inflation data as it prods bulls at the highest levels in nearly four months, making rounds to 1.3375-80 heading into Monday’s European session. In doing so, the Loonie pair…
EUR/USD Struggles as Inflation Concerns Loom Introduction The EUR/USD pair is facing uncertainty as it begins a crucial week with inflation playing a key role in determining its direction. After seeing a rise in the last two consecutive days, the pair is now trading lower, with sellers targeting the psychological level of 1.1000 during the…
Understanding the USD/JPY Market Dynamics Why USD/JPY is Experiencing Losses The USD/JPY pair has seen a decline over the past two days due to a combination of factors. One significant reason is the release of jobs data from the United States, which indicated a slowdown in the labor market. This information has caused investors to…
EUR/GBP Cross Attracts Fresh Buying Near 0.8600 Mark Embracing Opportunities in the Forex Market It’s Friday, and the EUR/GBP cross is making waves in the market as fresh buying near the 0.8600 mark sends ripples of excitement through the trading community. The overnight pullback from a nearly two-week high, following the Bank of England (BoE)…
Feeling the Friday Forex Frenzy! Riding the Waves of the USD/CHF Pair So, picture this: it’s Friday, the end of the week is in sight, and the USD/CHF pair is just getting started on its wild ride. The pair attracts some dip-buying near the 0.8730 area, sending traders into a frenzy of excitement. As the…
GBP/USD Treads Water Around 1.2730 Defending Previous Day’s Rebound The GBP/USD pair is currently treading water around the 1.2730 mark as it defends the previous day’s rebound from the lowest levels in five weeks. Despite this, the pair lacks upside momentum during the early Friday morning in Asia. The Cable pair is struggling to justify…
The AUD/USD pair continues to gain traction Overview The AUD/USD pair is showing positive signs of recovery after bouncing from a two-month low of 0.6515. The pair has managed to gain traction for the second consecutive day, currently trading around the 0.6565-0.6570 region with a daily increase of over 0.25%. While there has been a…
