The USD/CAD pair has dipped below the critical 1.4300 level during Thursday’s European session, as the US Dollar (USD) struggles against its major counterparts amid a risk-on market environment. The US Dollar Index (DXY), which measures the...
THE CURRENCY PAIR GBP-USD The GBP/USD pair has reached its target level of around 1.25. Now, most likely, there will be a small pullback and consolidation in anticipation of the results of the Munich Security Conference, which starts tomorrow. If...
I observed the EURJPY pair bouncing off the resistance at 160.417 on the 30-minute chart, signaling a potential reversal. I noted the subsequent breakdown below the support at 159.336, accompanied by significant sell-side volume, which led me to...
As of February 13, 2025, the USD/JPY currency pair has experienced notable movements influenced by recent economic data. Following the release of higher-than-expected U.S. consumer price index data, the pair surged to a two-month high, reaching...
The currency pair (EUR/JPY) has shown a relatively stable trading pattern, hovering around the 161.00 level for the fourth consecutive day during the Asian trading session on Thursday. The Japanese yen (JPY) weakened on growing concerns that...
