Gold remained strong on Friday, testing resistance around the 50-day moving average (MA), which is currently at $2,345. Notably, the 20-day MA was in line with the 50-day, indicating a similar value. When the 20-day MA crosses the bottom of the...
The Eurozone is facing a perfect storm that has pushed the EUR/USD currency pair to a six-week low. Political upheaval in France is a major culprit. After a surprising surge in support for right-wing parties during the European Parliament elections,...
The Japanese yen exchange rate against U.S. dollar debt. against the dollar seems unlikely until later this week. Immediately after the Bank of Japan’s June meeting, the USD/JPY pair rose to around 158.00, leaving interest rates unchanged....
The Euro continues its downward spiral against the British Pound, reaching a new 22-month low of 0.8400 on Friday. This latest drop extends a three-month decline that began in April, when the pair traded above 0.8600. Political uncertainty in Europe...
The British pound took a tumble recently, dropping decisively below the key level of 1.2700. This decline reflects a broader risk-off sentiment sweeping across the G7 currencies, with the exception of the ever-reliable US dollar, which is acting as...