The Japanese yen (JPY) experienced a surge on Friday, reaching levels near its highest point since late September 2024. This appreciation was primarily driven by the weakening US dollar (USD), which was impacted by persistent concerns about the...
A way to trade using the Fibonacci indicator is to draw Fibonacci levels on yesterday's price move to determine the most important level for trading today, which is the 61.8% Fibonacci level. Trading was in a downtrend last Friday, then the price...
The EUR/JPY currency pair experienced fluctuations during Monday's European trading session, oscillating around the 163.00 level. The euro found support from improved global risk sentiment, which bolstered demand for risk-sensitive assets. This...
The Pound Sterling (GBP) is currently experiencing cautious trading as investors await the Bank of England's (BoE) upcoming interest rate decision. The market widely expects the BoE to maintain borrowing costs at 4.5%, with a likely 7-2 vote split....
The Australian dollar (AUD) experienced upward momentum against the US dollar (USD) on Monday, buoyed by a general improvement in risk appetite across global markets. This appreciation occurred even after US President Donald Trump announced the...
