The spot price has recently experienced a pullback against the US Dollar (USD), with trading activity remaining subdued due to the Japanese market's closure for Mountain Day. This brief hiatus in market activity comes as the USD/JPY currency pair...
Date: 12th September 2024. Market Update – Eyes on ECB! US inflation data supported bets for a rate cut from the Fed next week, but also argued for gradual moves. Asia European Sessions: *Selling initially drove the moves on Wall Street and...
Today, the EUR/JPY pair is showing positive momentum ahead of the ECB's decision, supported by the moderate weakness of the Japanese yen as it recovers from a monthly low.It is expected that following its September monetary policy meeting, the ECB...
The US dollar showed signs of stabilization against the Japanese yen in the early hours of Thursday, holding steady near the 142 yen mark. This level has been significant several times in the past, so it is no surprise that it is attracting the...
The Unique Three-River Bottom Pattern is a technical analysis formation observed in financial markets, particularly in stock and forex trading. It is considered a bullish reversal pattern, indicating that a downtrend may be nearing its end and a...