Despite maintaining a mild bid undertone on Tuesday, the Greenback is continuing to climb away from the 113.40 low it reached last Friday. In response to the relatively secure Yen weighing on…
Category: Forex
Following Mixed UK Statistics, The Pound/Dollar Is Hovering Around 1.3800
GBP/USD fell in the early European day as statistics from the United Kingdom indicated an unanticipated fall in September Retail Sales. The British pound, on the other hand, was able to trim…
EUR/USD Appears To Be Offered, But Wanes Again Towards 1.1670
The Euro is now under a selling strain, forcing EUR/USD down to 1.1640 on Thursday. With the EUR/USD having made three successive daily advances, the pair has now given up a portion…
EUR/USD Outlook: Cautionary ECB Drags Euro Near 1.15
This month, the EUR/USD has often struggled to maintain a price below the 1.1550 region. As a result, experts at Rabobank maintain their conviction that the EUR/USD will continue to decline in…
GBP/USD Breaks Over 1.3800 And Sets A New Monthly Peak Beyond 1.3830
Throughout the European trading session, the GBP/USD combination continued to rise, reaching its highest point in a month at around 1.3832. The pair was up 0.75 percent to 1.3828 at the time…
GBP/USD Weekly Review: Sterling Brightens, UK Inflation Vital To Bigger Growth
Brexit continues to hammer the Pound, but recent news has aided Sterling’s rise. Inflation fears and a mild Fed reduction plan did not halt cable’s rise. The BOE’s next move may be…
EUR/USD To Test 1.15 Barrier As ECB Retains Policy Forbearance
The European Central Bank (ECB) believes that inflationary pressures are temporary and has stated that the next “live” meeting will take place in December. According to economists at Westpac, high inflation figures…
EUR/JPY Price Assessment: A 200-Day SMA Surge Is Possible
On Friday, the EUR/JPY appeared to have been firming up and making gains for the second session in a row, moving into territory well above the 129.00 barrier. Previously in the session,…
USD/JPY Recovers From Post-NFP Downtrend But Stays Underneath The 112.00 Level
In response to the poor NFP report, the USD/JPY duo dropped to new daily lows, albeit it immediately rebounded a few percentage points. Last observed trading in the 111.8 area, the duo…
USD/JPY Declines Off Multi-Day High But Sustains 111.00
Despite dropping a significant portion of its daily gains, the USD/JPY pair was last seen moving only a few points above the mid-111.00s, which corresponded to four-day highs. Concerns that the continued…
A Firmer USD Keeps USD/JPY Around Session Highs
With the start of the European session just around the corner, the USD/JPY duo continued its bullish stance and was last seen lingering at the upper end of its trading volume range,…
USD/JPY To Surge Sharply, Heads Towards 117.20
The USD/JPY is considered as being on the verge of creating a major foundation. If verified above 112.40, this might trigger 114.25/55 firstly ahead of 117.20 and upwards, in the long run,…
EUR/USD Is Surging To New Daily Peaks Around 1.1620
The Euro maintains its purchasing interest and pushes the EUR/USD back into the 1.1600 area at the start of the week. For the second time in a row, the EUR/USD has gained…
Euro Q4 Technical Prediction: Risk Ratio Leans Downward
For most of the third quarter, the EUR/USD pair’s price movement remained mediocre, at least up till the time of publishing this article. Volatility was quite moderate during the day, with the…