Forex
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Chart of The Day – GBP/USD down on slower UK GDP growth! Unbreakable sideways trend?
The pound snaps its winning streak following the release of the latest UK GDP data. Economic growth slowed noticeably, although…
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Swiss Franc slides to two-week low as oil-driven Fed hike bets boost USD
USD/CHF attracts buyers for the fourth straight day on Thursday amid a broadly firmer USD. Inflation risks amid volatile oil…
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EUR/JPY Price Falls to near 183.50 near nine-day EMA
EUR/JPY finds immediate support at its nine-day EMA of 183.49. The 14-day Relative Strength Index at 47.11 signals neutral-to-soft momentum.…
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Indian Rupee opens marginally lower as US Dollar trades firmly
The Indian Rupee ticks lower against the US Dollar as the latter holds on to Wednesday’s gains. The US Dollar…
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EUR/USD Price Flatlines below 1.1550, while staying bearish under 100-day SMA
EUR/USD steadies around 1.1520 in Thursday’s early European session. The major pair maintains a bearish tone, with the price holding…
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AUD/USD Price Struggles to extend rally above 0.7100
AUD/USD falls further to near 0.7050 as the Australian Dollar faces selling pressure. Financial markets seem unconvinced by the RBA’s…
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British Pound attracts bids against Japanese Yen after strong UK Q2 GDP data
The British Pound gains slightly against the Japanese Yen due to stronger-than-expected UK Q2 GDP data. UK GDP growth remained…
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Offshore Yuan Slips on Soft PBOC Fixing
The offshore yuan weakened to around 6.74 per dollar on Thursday, reversing gains from the previous session as a weaker-than-expected…
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Why is the Japanese Yen stuck near 159.25 after the first joint US-Japan intervention since 2011?
The Japanese Yen (JPY) continues to navigate complex market dynamics, consolidating near the 159.25 level against the US Dollar (USD) following a sharp upward…
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USD/JPY Nearing 160
The Japanese currency has weakened by 1% against the dollar this week. It has been two weeks since the record…
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