EUR/USD Price Analysis: The crucial resistance level will emerge at the 1.0790–1.0800 region
EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe. The key resistance level will emerge…
NZD/USD inches higher to near 0.6000 after Chinese Trade data
NZD/USD gains ground after Chinese import shows rise in April. RBNZ indicated a delay in any potential rate cut until 2025. The higher US Treasury yields are contributing support for…
USD/CAD rises to near 1.3750 due to the hawkish sentiment surrounding Fed
USD/CAD appreciates due to the prevalent hawkish sentiment surrounding the Fed to prolong its higher interest rate. Fed’s Kashkari believes interest rates to stay unchanged for an extended period. The…
AUD/JPY drops to near 102.00 after RBA’s decision to keep its policy rate unchanged
AUD/JPY struggled after the RBA decided to keep the policy rate unchanged at 4.35% on Tuesday. Analysts from Commonwealth Bank and Westpac forecast that the RBA’s interest rate could have…
NZD/USD edges lower to near 0.6000 amid stable US Dollar
NZD/USD snaps its winning streak due to a rebound in the US Dollar. The US Dollar struggled due to softer-than-expected US jobs data revived hopes for the Fed’s interest rate…
AUD/JPY edges lower amid alleged intervention by Japanese authorities
AUD/JPY depreciated as JPY continued to gain ground amid possible market intervention by Japanese authorities. Japan’s vice finance minister for international affairs, Masato Kanda, declined to comment on whether Japan…
Gold price struggles for a firm intraday direction, hover above $2,300
Gold price fails to lure buyers amid a fresh leg up in the US bond yields, modest USD uptick. A positive risk tone also contributes to capping the upside for…
AUD/JPY depreciates after weaker Aussie Retail Sales
The Australian Dollar loses ground after the release of lower-than-expected Retail Sales. The Australian Retail Sales for March took an unexpected downturn, contrasting with the anticipated rise. Market participants will…
GBP/JPY depreciates to near 195.00 after possible intervention by Japanese authorities
GBP/JPY moves downward after paring intraday gains, a movement possibly linked to intervention by Japanese authorities. The Pound Sterling has strengthened amidst market expectations of BoE holding off on lowering…
AUD/JPY rises as BoJ keeps interest rate unchanged
AUD/JPY extends its winning streak after the lower-than-expected Tokyo CPI data released on Friday. The Australian 10-year Government Bond Yield has reached a 21-week high of 4.59%. Tokyo CPI has…
