In my opinion, with the rising inflation rate in Tokyo, it gives the opportunity for the Yen to strengthen. Because from what I understand, when the inflation rate rises, it usually marks the beginning of an increase in the central bank's interest...
The pair has maintained stability, recovering from losses seen in the previous session, and was trading around 1.0713 during the market closing time on Friday. Traders are eyeing the upcoming Eurozone Industrial Production figures for April, which...
Gold Analysis 30 June 2024 Gold rose again after sellers failed to bring the price down and broke a valid low at (2285) in the previous bearish movement. The dollar, which weakened again after the release of PCE and US GDP data last week, also...
Gold prices showed a modest increase of approximately 0.11%, reaching $2,326 by market close last Friday. This uptick comes against the backdrop of heightened US Treasury bond yields, which typically diminish the allure of non-yielding assets like...
USD/JPY Technical Analysis Trading was initiated this month within ascending price channels, representing the price movement during the previous two months. The beginning of trading was in a resistance area, the upper lines of the price channels....