The new trading session for the USD/CAD currency pair presented a curious scene: the US dollar under pressure despite a strengthening US Dollar Index (DXY). This counterintuitive situation stemmed from two opposing forces. On one hand, the US dollar...
The Euro/dollar currency pair experienced a third consecutive loss on Wednesday, as market sentiment turned negative following the EU parliamentary elections. The elections revealed a significant shift towards center-right and far-right parties...
The levels I mentioned were not tested in the second half of the day. Reports on the corporate services price index, the Bank of Japan's core consumer price index, and the leading economic indicators index led to a surge in volatility, but that was...
AUD/USD currency pair, currently trading at around 0.6685, has been experiencing a bearish trend. This decline suggests a period of weakness for the Australian dollar (AUD) against the US dollar (USD). Several factors could be contributing to this...
Analyzing the dynamic pricing behavior of the USD/JPY currency pair on the M15 time frame during a typical trading day reveals fascinating insights into market movements and potential trading opportunities. This pair, influenced by economic data,...