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Forex
Rallies for seventh straight day as bulls target 170.00
The EUR/JPY pair continued its winning streak for the seventh consecutive day, rising by 0.44% amid positive market sentiment. The technical outlook remains bullish, with the RSI…
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USD/JPY extends its upside above 156.50 ahead of US CPI, Retail Sales data
The USD/JPY pair continued to rise, reaching around 156.55 in early Asian trading on Wednesday. This increase was supported by speculation that the Fed may keep interest rates…
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GBP/USD consolidates its gains above 1.2580, all eyes on US CPI data
GBP/USD is trading around 1.2590 in the early Asian session on Wednesday, taking a break from recent gains. The US Producer Price Index (PPI) met expectations by rising 2.2%…
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AUD/USD steadies despite rising US inflation, traders eye Aussie WPI
The Australian Dollar held steady against the US Dollar at 0.6624, despite pressure from Fed Chair Jerome Powell's hawkish comments following a 0.5% rise in the US Producer Price…
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Ichimoku cloud analysis: GBP/USD, USD/CAD, AUD/USD
The GBP/USD pair, also known as the Great Britain Pound versus the US Dollar, is currently undergoing a correction after breaking out of a descending corrective channel. The pair…
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EUR/USD lurches back over 1.0800 ahead of hectic Wednesday
EUR/USD made a recovery on Tuesday, bouncing back above the 1.0800 mark and closing near 1.0820 by the end of the American market session. The pair is now gearing up for a busy day…
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GBP/JPY consolidates near 196.00 after snapping a six-day winning streak
The GBP/JPY pair saw a decline after the release of mixed UK employment data on Tuesday. The ILO Unemployment Rate (3M) rose to 4.3% in March from 4.2% previously. The number of…
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Euro pound (EUR/GBP) edges higher amid UK labour market concerns
The Euro pound (EUR/GBP) exchange rate is on the rise today, following the release of the latest UK employment data. Currently, the EUR/GBP exchange rate is trading at €0.8608, up…
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USD/CHF extends gains to near 0.9100 ahead of US PPI
The USD/CHF pair is on the rise as the Federal Reserve is expected to keep interest rates high for a longer period. Fed Vice Chair Philip Jefferson has emphasized the need to…
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Murrey math lines: AUD/USD, NZD/USD
The AUD/USD pair, also known as the Australian Dollar vs US Dollar, has recently broken above the 200-day Moving Average on the daily chart, suggesting a potential uptrend. The…
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