Market Fundamentals: Stronger-than-expected Tokyo Consumer Price Index (CPI) data, coupled with hawkish remarks from Bank of Japan (BoJ) Governor Kazuo Ueda last week, has fueled speculation of another interest rate hike. However, BoJ board member...
The Australian dollar has shown a modest demonstration, but its impulse seems quite warm. However, the real test is coming when the Bank of the Australian Reserve (RBA) will announce its interest rate decision on Tuesday morning. This decision is...
AUDUSD Technical Analysis AUD/USD is strengthening to a two-month high. The pair rose more than 4% after bouncing off the 0.6086 support level. The rise comes ahead of the Reserve Bank of Australia (RBA) interest rate decision, which could influence...
When analyzing the EUR/USD pair on the daily chart, it becomes evident that the price has approached a local peak at 1.0493, reached back in January. For the second consecutive day, bulls are attempting to break this resistance level, but so far,...
GBP/JPY Price Analysis The data published by the US Census Bureau announced on Friday that Retail Sales declined by 0.9% on a monthly basis in January, coming in worse than the market expectation for a decline of 0.1%. The US Dollar (USD) Index...
