MARKET NEWS
Feb 20, 2024
Japanese Yen Ticks Lower, FOMC Minutes, Japanese Trade In Focus
USD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view
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Feb 20, 2024
Euro (EUR) Price Latest – EUR/USD Testing Resistance, EUR/GBP Eyes Multi-Week High
The single currency is pushing ahead against a marginally weaker US dollar and British Pound, but further progress may prove difficult.
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Feb 20, 2024
Sterling Update: GBP/USD Hanging on but Breakdown Threat Looms
Cable has struggled to remain within its broader trading range, attempting to forge a lower path but the key 200-day simple moving average has provided support for the pair
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Feb 19, 2024
Euro Slips In Holiday Thinned Market, Looks Nervously to German PMI
With the US out for the Presidents’ Day holiday, the Euro failed to make back early lost ground.
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Feb 19, 2024
Historic Rate Rise on Track Despite Recession, USD/JPY Contained
Market expectations still eye a potential rate hike from the Bank of Japan as soon as April and fully price one in by June. This is despite Japan dropping into recession
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Feb 19, 2024
British Pound Holds On Above $1.26, But Watch That Level Closely
Neither Pound or Dollar have a lot to look forward to in terms of tradable data points this week, which may leave the technical in charge.
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Feb 19, 2024
AUD/USD Outlook: AUD Lifted as Chinese Trade Resumes, RBA Minutes Next
The Aussie dollar has enjoyed some good fortune over the last three trading days, buoyed by a positive resumption of trade in China after new year celebrations
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Feb 19, 2024
Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near
Gold is opening the week on the front foot and continuing last week’s rally. Price action may be limited today however with US markets closed for the Presidents’ Day holiday.
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Feb 18, 2024
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears
Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.
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Feb 18, 2024
US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD
This article scrutinizes the technical outlook for three major U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Within the piece, we assess market sentiment and examine essential price levels that traders should have on their radar in the upcoming days.
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