The currency pair experienced a slight decline, reaching around 1.3995 during Thursday’s European trading session, despite a notable rebound in the USD. The USD has shown a strong recovery recently, as traders remain divided over the Federal...
EUR/USD is falling towards 1.0550 and moving away from 1.0600. ECB likely to cut rates by 25 bps in December; markets expect 100 bps in 2025 amid economic struggles. The Fed's stance remains cautious, yet markets await a December rate cut. EUR/USD...
The USD/JPY pair has reached a critical phase, navigating a landscape shaped by technical signals and evolving fundamental dynamics. After its decline to the base of a bearish Broadening Formation and the 50-day Simple Moving Average (SMA) near...
GBPUSD Price Forecast The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades near 106.00 on Thursday, tilted higher by the US Dollar (USD) strength. Thin liquidity is expected as most major trading...
EUR/JPY Technical Analysis EUR/JPY is trading in a tight range, lingering around 158.50–159.50, which reflects some market indecision. I see the 200-day EMA at 158.30 as a key support level, while resistance is sitting firmly at 160.00, a...
