The US dollar is on a roll against the Japanese yen, nearing the level that triggered intervention by Japanese authorities just a couple months ago. This climb comes despite weak US housing data, as a preliminary economic indicator pointed to...
Today, we might see a breakdown of the 1.0739 level, signalling a buying opportunity. A breakdown and confident consolidation above the 1.0744 mark would confirm further growth in the medium term. If the exchange rate breaks and consolidates above...
The AUD/USD exchange rate currently stands at 0.6643, and the market trend is showing a bearish outlook. Despite the gradual decline, there are compelling reasons to anticipate significant movements in the coming days. This projection is based on a...
The British Pound is currently licking its wounds after the Bank of England's (BoE) decision to hold rates sent it tumbling to a one-month low. GBP/USD is hovering around 1.2600, potentially setting the stage for a further decline. The BoE's dovish...
The AUD/CAD currency pair, currently trading around 0.9097, is exhibiting a bearish trend. Despite the slow market movement, several factors suggest the potential for significant shifts in the near future. Understanding the underlying economic,...