The Federal Market Committee (FOMC) recently decided to keep the benchmark interest rate between 5.25% and 5.50% at its seventh consecutive meeting in June. The decision is consistent with economic forecasts showing FOMC officials expecting only one...
The EUR/USD currency pair, currently at 1.0692, is showing a bearish trend. While the market has been moving slowly, there are several reasons to believe that a significant movement might be on the horizon. ### Current Market Sentiment and Trends...
during the early Asian trading hours on Thursday. The modest recovery of the US dollar (USD) might be limited amid reduced bets on the US Federal Reserve's (Fed) rate cut this year. On Wednesday, the Canadian dollar (CAD) was trading thinly,...
USDJPY MARKET ANALYSIS On Wednesday (June 26), USD/JPY hit an intraday high of 160.82, the highest since December 1986, and closed at 160.69, up 0.7% in late trading. So far this year, USD/JPY has risen by about 14%. Investors continue to take...
TRADING UPDATES AUD/USD CURRENCY PAIR Market conditions on the daily chart show that buying support continues to try to force the AUDUSD price to move steadily higher along with the trendline, which has been a strong defense so far. I expect that...