Technical analysis of EURUSD The EUR/USD pair is currently trading at 1.04922, exhibiting a cautious tone as market participants assess key technical levels and broader macroeconomic factors. The pair is navigating between immediate support at...
General Observations on EURJPY The EUR/JPY pair has hit a level of 156. 27, indicating that sellers are firmly in charge of the market. The pressure from sellers has pushed the price lower, and if the negative sentiment continues, we might observe...
USDJPY Technical Analysis USDJPY is facing bearish pressure, currently trading around 150.50 levels. The pair recently broke below a key support level at 150.80, indicating further downside potential. The 70-period moving average (MA) is acting as...
A portion of the significant intraday losses was recovered by the Japanese yen (JPY), but it is still weak as officials try to lower the rates on Japanese government bonds (JGBs). Higher long-term rates can actually put pressure on Japan's...
The Australian employment rate released yesterday showed robust figures, reflecting a strong labor market and enhancing investor trust in the Australian dollar. The unemployment rate held steady at its previous figure, indicating that while job...
