Forex
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Chart of the Day: USDJPY – The Dollar Wins Another Round, but Tokyo Is Preparing a Response
The USDJPY market currently resembles another round of a fight between two heavyweight contenders. On one side stands the dollar,…
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South Korean Won Rises on Policy Support
The South Korean won strengthened to around 1,480 per dollar, rebounding from the previous session and approaching its highest level…
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Rupee Falls to 2-Month Low on Oil Surge
The Indian rupee fell to around 96.4 per dollar, reaching its lowest level since May as sentiment deteriorated after escalating…
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GBP holds steady near 1.3450 as US-Iran strikes intensify
GBP/USD flatlines near 1.3450 in Monday’s early Asian session. The US launched a new wave of Iran strikes on Sunday,…
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Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks
USD/JPY struggles to gain any meaningful traction amid mixed fundamental cues. Intervention risks hold back the JPY bears from placing…
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Canadian Dollar edges higher to near 1.4000 as crude oil gains
USD/CAD declines to around 1.4005 in Monday’s Asian session. Iran said it targeted US aircraft in Jordan. Cooling in June’s…
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United States Dollar Index struggles to lure buyers despite Iran tensions, Fed hike bets
DXY bulls refrain from placing aggressive bets and opt to wait for further geopolitical developments. Rising oil prices fuel inflation…
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Swiss Franc gains ground ahead of Trade Balance data
USD/CHF slips as SNB Minutes showed cautious policymakers, boosting safe-haven Swiss Franc demand. The US Dollar falls despite escalating hostilities…
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AUD/USD Recovers to near 0.7000 amid US Dollar’s weakness
AUD/USD rises to near 0.6995 after a weak opening. The Fed is highly anticipated to leave interest rates unchanged in…
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EUR/JPY Price Holds above nine-day EMA support at 185.50
EUR/JPY may find immediate resistance at the ascending triangle top near 186.10. The 14-day Relative Strength Index of 55.33 signals…
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