Date: 26th June 2024. Market News – European Stocks Follow US Gains, Inflation Pressures Rise in Australia. Financial Markets Performance: * The USDIndex firmed but off its 105.78 peak. * USDJPY held just below the critical 160 per Dollar level,...
The USD/JPY currency pair is stuck in a narrow trading range during Asian trading hours this Wednesday. This comes after briefly touching a 34-year high earlier in the week. However, the upside potential for the USD/JPY remains limited due to the...
Looking at the EUR/USD chart, there appears to be a two-bottom chart. It comes as the ECB is avoiding talk of further rate cuts. Later in the week, America’s vital statistics could prompt a move in the pair. Unlock AI-powered stock picks for under...
The bullish and bearish breakaway candlestick patterns are key reversal indicators in technical analysis, suggesting potential trend changes in the market. Bullish Breakaway Pattern This five-candle formation indicates a possible reversal from a...
Hello how are you, GBP/USD is falling towards 1.2650 in the European session on Wednesday. Divergent Fed-BoE policy approaches and jitters ahead of the UK election keep the pair vulnerable despite risk appetite. Attention turns to mid-range US data,...