Market Fundamentals: The US Dollar (USD) strengthened following the Federal Reserve’s (Fed) hawkish policy stance, which also fueled a rally in Treasury yields while delaying expectations for an initial rate cut. The Fed signaled a slower pace of...
GBP/USD price forecast The US Dollar Index (DXY), which tracks the performance of the US Dollar against a basket of six major currencies, is attempting a modest recovery on Wednesday but remains near yearly lows at 106.50. Traders continue to weigh...
EURUSD Technical Analysis EURUSD is currently trading around 1.0498 on the H1 timeframe, showing a strong bearish trend as the price remains below the 150-period moving average. The market has experienced a continuous decline, indicating persistent...
Market Fundamentals: Recent US inflation data revealed that consumer prices rose more than anticipated, reinforcing expectations that the Federal Reserve (Fed) may keep interest rates elevated for an extended period to combat persistent price...
USD/JPY Daily Chart The USD/JPY market is currently downtrend and trading at 149.04 daily. The market is attempting to break the 149.0 support level, which could determine the future direction of price action. If the USD/JPY market breaks above...
