Forex
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Trade of The Day – AUD/JPY
period moving average Recommendation: Trade: Short AUDJPY at market price Target: 111.36, 110.75 Stop: 113.06 Opinion: Looking at AUDJPY on…
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Chart of The Day – USD/JPY
he yen strengthened on Friday following an announcement by Japanese Finance Minister Satsuki Katayama that the government intends to encourage…
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United States Dollar Index falls to three-week low amid signs of US-Iran war de-escalation
The US Dollar Index falls for the third straight trading day, extending the decline to near the three-week low at…
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Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric
AUD/USD edges higher to around 0.6950 in Friday’s Asian session. RBA’s Hunter reaffirmed the board will take necessary actions to…
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Japanese Yen rallies against weaker USD amid looming intervention risks
USD/JPY attracts sellers for the second straight day as intervention fears lift the JPY. The less hawkish FOMC Minutes weigh…
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New Zealand Dollar extends hawkish RBNZ-inspired rally; hits three-week high vs weaker USD
NZD/USD builds on the hawkish RBNZ-inspired gains for the third straight day on Friday. The USD drops to a fresh…
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British Pound gains traction above 1.3400 as markets bet on BoE rate hikes
GBP/USD gains ground to near 1.3430 in Friday’s Asian session. Andy Burnham is set to become the next UK Prime…
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Euro nudges higher above 1.1400 as traders ramp up their bets on ECB hikes
EUR/USD trades with mild gains near 1.1430 in Friday’s early Asian session. ECB saw inflation rising despite nearly three expected…
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Dollar Falls for Third Straight Session
The dollar index fell toward 100.5 on Friday, extending losses for a third straight session as reports that the US…
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Offshore Yuan Hits Near 3-Week High
China’s offshore yuan strengthened to around 6.78 per dollar on Friday, extending gains from the previous session to its strongest…
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