Today, being Saturday, marks a day off for the market, providing an opportunity to analyze recent movements of the GBP/USD pair. Over the past week, the pair has fluctuated between key levels of 1.2686 and 1.2613, serving as both support and...
The Canadian dollar (CAD) had a mixed day on Friday, gaining slightly against the US dollar but ending the week near flat. This came after the release of key economic data from both Canada and the United States. Canada's Gross Domestic Product (GDP)...
1. **Economic Data**: Economic indicators from both the UK and Japan play a crucial role in influencing the GBP/JPY exchange rate. For the UK, data such as GDP growth, employment figures, inflation rates, and Bank of England's monetary policy...
This week has seen an upward correction in the market, yet the EUR/USD pair has not managed to touch the 100-period simple moving average (SMA) line, indicating persistent bearish sentiment in the monthly trend. Observing the EUR/USD chart reveals a...
The New Zealand Dollar (NZD) staged a comeback against the US Dollar (USD) on Friday, defying earlier losses and climbing towards a key resistance level around 0.6100. This rally came after the release of US inflation data, which fell short of...