The US Dollar (USD) remains under pressure as Federal Reserve Governor Michelle Bowman reiterated her preference for a cautious approach to interest rate cuts, citing persistent inflation above the central bank’s 2% target. Meanwhile, the benchmark...
USD/JPY Technical Analysis: USD/JPY is trading around 150.20, holding steady after testing key resistance at 150.50. The pair is still in an uptrend, with the 50-day SMA providing strong support near 149.50. The 200-day SMA at 147.80 reinforces the...
USD/CHF Technical Analysis: USD/CHF is trading around 0.9170, showing some strength after bouncing off support near 0.9140. The pair is still in a mild uptrend, with the 50-day SMA acting as support and the 200-day SMA around 0.9100 providing a...
GBP/USD Technical Analysis: GBP/USD is hovering around 1.2600, struggling to gain momentum. I’ve been watching the 1.2650 resistance level, which the pair tested recently, but sellers quickly stepped in. The 50-day SMA is acting as a ceiling, while...
Gold prices remain under the spotlight as market participants assess the Federal Reserve's stance on monetary policy alongside broader macroeconomic developments. With the Fed maintaining a data-dependent approach, traders are closely watching key...
