Art

USD/JPY is currently focusing on breaking above the 156.40 resistance level. A significant bearish trendline is forming with resistance at 156.60 on the 4-hour chart. The US Dollar has been showing strength above the 154.50 level against the Japanese Yen. After forming a base, USD/JPY has initiated a fresh increase above 155.00. The pair managed
0 Comments
Gold prices have seen a significant increase, reaching 2368 USD per troy ounce as market expectations adjust to the possibility of future interest rate cuts by the Federal Reserve. Recent data from ADP showing lower-than-expected growth in private-sector jobs in the US for May, coupled with downward revisions in April’s figures, have fueled speculation about
0 Comments
The euro strengthened slightly in anticipation of a rate decision by the European Central Bank (ECB), where a rate cut is widely expected. Meanwhile, the dollar weakened as expectations of a U.S. Federal Reserve easing cycle grew. Market participants are closely watching the ECB meeting for insights into the bank’s rate outlook, with potential quarter-point
0 Comments
The EUR/USD pair managed to snap a two-day losing streak and rebounded near 1.0875 in Thursday’s early Asian session. This recovery came despite the US Dollar showing strength during the same period. The focus now shifts towards the European Central Bank (ECB) interest rate decision and the subsequent Press Conference led by President Christine Lagarde
0 Comments
An unexpected increase in initial jobless claims has the potential to influence investor sentiments regarding a September Fed rate cut. This spike could signal weaker labor market conditions, impacting wage growth, disposable income, and consumer confidence. As a result, consumers may reduce spending, leading to a decrease in demand-driven inflationary pressures. A downturn in consumer
0 Comments
Recent economic data and forecasts have the potential to greatly influence the direction of the AUD/USD currency pair. In particular, upcoming releases such as the ISM Services PMI, Australian GDP numbers, US Services PMI, and the US Jobs Report are likely to play a significant role in shaping market sentiment and investor decisions. The services
0 Comments
Emerging market currencies are facing a challenging time as the U.S. Federal Reserve shows no urgency to lower interest rates. The Fed’s cautious approach, combined with uncertainty surrounding key national elections, is putting pressure on these currencies. According to a recent Reuters poll of currency analysts, most emerging market currencies are expected to either weaken
0 Comments