Forex
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South Korean Won Weakens Toward 17-Year Low
The South Korean won weakened past 1,517 per dollar, approaching the more than 17-year low of around 1,520 reached on…
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Offshore Yuan Remains at Multi-Year High
The offshore yuan strengthened to around 6.76 per dollar on Tuesday, holding near its strongest level since February 2023, as…
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Trade of The Day: USD/ZAR
Facts SARB (South African Reserve Bank) hiked interest rates last week (the repo rate increased to 7% ). 75% of…
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NZD/USD – Kiwi corrects lower and tests support at 0.5965
NZD/USD pulls back to 0.5965 after rejection at the 0.6000 area. Fresh US-Iran hostilities are casting doubt about a fragile…
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Euro holds losses against British Pound after Germany’s Retail Sales data
EUR/GBP softens to around 0.8655 in Monday’s early European session. German Retail Sales declined by 0.3% MoM in April. BoE’s…
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USD/JPY Price Forecast: Yen languishes amid growing BoJ rate hike uncertainty
USD/JPY rises to near 159.45 as BoJ rate hike uncertainty weakens Japanese Yen. The BoJ SoP of the April meeting…
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Indian Rupee extends gains at the start of RBI policy week
The Indian Rupee rises at open against the US Dollar at the start of the RBI policy and the US…
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GBP/USD Consolidates around mid-1.3400s amid firm USD, cautious setup
GBP/USD lacks any firm intraday directional bias and oscillates in a narrow range on Monday. Geopolitical uncertainties and hawkish Fed…
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EUR/JPY Price Forecast: Edges lower from upper descending channel top around 186.00
EUR/JPY may retest the upper boundary of the descending channel around 186.00. The 14-day Relative Strength Index of 57 suggests…
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CAD weakens as firmer USD counter recovering Oil prices
USD/CAD gains positive traction for the second straight day amid a pickup in the USD demand. Geopolitical uncertainty and hawkish…
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