The pair is experiencing selling pressure, hovering around 0.6710 during the early Asian session on Thursday. This decline is primarily due to renewed demand for the US Dollar (USD) following stronger-than-expected US Nonfarm Payrolls (NFP) data....
EUR/JPY PAIR REVIEW Delaying the Japanese intervention in the currency markets to stop the Japanese yen’s bleeding losses allowed the price of the euro against the Japanese yen (EUR/JPY) to move strongly upward, recording the resistance level of...
GBP/USD PAIR REVIEW The GBP/USD currency pair suddenly rose after the head of the US Federal Reserve made statements that analysts and market participants considered to increase the possibility of lowering interest rates in September. Accordingly,...
USD/JPY PAIR REVIEW The Japanese yen's value losses increased to more than 161.90 against the US dollar, and fell to its lowest levels in 38 years due to the stark differences in interest rates between Japan and the United States of America. The...
EUR/USD PAIR REVIEW For two days in a row, attempts by the EUR/USD price to exceed the 1.0750 level failed, and the euro's gains faltered, after policymakers indicated that they needed more evidence that price pressures were under control....