The spotlight remains on the upcoming U.S. Consumer Price Index (CPI) release, set to influence market sentiment. Following a softer-than-expected Producer Price Index (PPI) print, investors are anticipating a potential slowdown in both the monthly...
USDCHF Daily Time Chart Analysis The USDCHF pair is under pressure after three consecutive bullish sessions and is facing a strong resistance near the 50-day simple moving average. The pair remains below the uptrend channel and technical indicators...
As traders await the publication of United Kingdom (UK) Retail Sales data, the GBP rises against the USD and breaks over the 1.2600 mark on Thursday. In the meantime, the US dollar declined due to a dismal US jobs report. The GBP/USD exchange rate...
Technology Outlook USD/JPY daily chart USD/JPY fell for a second day in a row—the first negative move in the previous six days—and fell to its lowest level since December 9 in early European trading on Thursday. Spot prices are currently trading...
EURUSD Technical Analysis EURUSD is currently trading around 1.04910, showing a strong bullish momentum on the H1 timeframe after breaking key resistance. The 150-period moving average is acting as support, while the RSI has reached overbought...
