The current technical outlook for USD/JPY is overwhelmingly bullish, with the pivot point at 154.59 serving as the cornerstone of support for the ongoing uptrend. The RSI is trading well above 50, which underscores the strength of the buying...
Market Fundamentals: The US Dollar experienced a sharp decline following reports from the Wall Street Journal (WSJ) indicating that tariff hikes were absent from a recent presidential memo. However, the memo revealed that former President Trump has...
The NZD/USD pair is presently in a downward trajectory, firmly positioned under the pivot point of 0.5666, which stands as a critical technical level. The overall technical configuration is negative, as demonstrated by the RSI reading below 50—a...
The British Pound (GBP) remains under pressure against its major counterparts on Friday, despite reduced expectations for aggressive rate cuts by the Bank of England (BoE). The decline follows the UK Labour government's Autumn Forecast Statement,...
At present, investors' attention will be focused on the price index of personal consumption (PCE), scheduled for 13:30 GMT. If the data exceeds expectations, the federal reserve system can maintain its Hawkish attitude that potentially leads to a...
