•••EUR/JPY: Navigating the Sideways Market••• The EUR/JPY currency pair has been stuck in a sideways market for quite some time, with neither bulls nor bears able to gain a definitive upper hand. Despite several attempts to push through key...
The price traded weaker around 1.0810 during Thursday’s Asian session, reflecting pressure from a broadly softer US Dollar. Traders are closely watching upcoming events, including speeches from several US Federal Reserve (Fed) officials, such as Fed...
The 25 basis point cut by the ECB has probably been fully factored in. The current high expectation of a further ECB rate cut in December faces an increased risk of overvaluation. Watch for key medium-term support at 1.0780/0750 on EUR/USD. Over the...
Important Points of AUDUSD: Today's news related to the USD is quite positive, creating a favorable environment for investors and market participants alike. The recent reports highlight that the US Philly Fed Manufacturing Index has risen to 10.1%....
GBPUSD Last week there were seven signals for the pound dollar. Two of them worked. And basically all the signals were false, they were false mainly due to the fact that from Tuesday to Wednesday the price was trading in a range. When it is trading...