The AUD/USD currency pair surged to a one-month high of approximately 0.6330 on Friday, breaking out of a two-day sideways trading range. This upward movement coincided with a weakening US dollar, driven by several key factors. Firstly, expectations...
General Points about NZDJPY Currently, the NZDJPY market is trading at the 88.65 level, indicating that the buyers are quite strong at this point. The price action at this level shows that there is solid demand for the New Zealand Dollar against the...
GBP/USD Fundamental Analysis GBP/USD is facing some downside pressure today as market sentiment remains cautious ahead of key U.S. economic data. The UK’s latest PMI figures came in weaker than expected, signalling a slowdown in business activity,...
USD/CHF Technical Analysis: Looking at the USD/CHF pair, it seems to be in a consolidation phase, trading between 0.9200 and 0.9300. The 50-day moving average is sitting just above 0.9250, providing some support. The RSI is around 55, showing a...
Crude oil extended as dealers dominated and tested a key support level On Thursday, oil extended its recent downward correction and tested a key support level after resuming previous progress. As of this writing, the low is $75.31, with bearish...
