Looking at the current USD/JPY chart, we see that the exchange rate has settled at 152 yen per US dollar. However, do not be fooled by this apparent calm in the market. In 2023, there was a significant shift in trend around the 152.00 level due to intervention by Japanese authorities, aimed at shoring up
Technical Analysis
In recent weeks, oil prices have been on the rise, reaching five-month highs and showing a steady upward trend since late March. The price of a barrel of WTI soared to $84.6 at the beginning of this week before slightly retracting later in the day. This increase in oil prices can be attributed to various
The EUR/USD pair experienced a significant drop to its lowest point since February 15, following the release of positive data regarding the US manufacturing sector. The Institute for Supply Management (ISM) reported an increase in the manufacturing business activity index to 50.3 points in March, marking the first improvement since September 2022. This surge above
The analysis of the GBPUSD price movement over the past week reveals a stagnation in a tight 500 pip range, predominantly hovering around the 1.2620 level. Despite attempts by bears to initiate a downward trend analogous to the EURUSD, the GBPUSD has managed to find support around the 200-day moving average, showcasing a temporary stalemate
The cryptocurrency market capitalization hit a low of $2.63 trillion, marking the bottom of the range for the week. In the past 24 hours, the top coins have shown minimal momentum, with Bitcoin (BTC) experiencing a 0.9% decrease, Ethereum dropping by 1.9%, and Binance Coin (BNB) declining by 3%. On the other hand, Solana saw