The price faced significant selling pressure on Friday as investors grew cautious ahead of the release of the United Kingdom’s (UK) Consumer Price Index (CPI) data for August. The inflation data, which is set to be published soon, is expected to...
In recent economic releases, Australia's employment change for July exceeded expectations, with 58.2K new jobs added, surpassing the forecast of 20.0K and the previous reading of 52.3 K. However, the unemployment rate rose to 4.2%, higher than the...
The price showed mixed performance on Thursday, largely following global market trends but ultimately losing just over one-tenth of a percent against the US Dollar (USD). The pair found support near the 50-day Exponential Moving Average (EMA) at...
The pair rallied to near 149.01 on Friday, driven by a rebound in the US dollar following its recent annual low. This surge was fueled by a stronger-than-expected jobs report for September, which hinted at a robust recovery in labor demand but also...
THE CURRENCY PAIR EUR-JPY The EURJPY currency pair on the daily chart looks more like it is flat between two levels 163.58 and 155.20, and since the 155 figure was visited twice and twice exited it from the top, then it can be taken for a double...