EUR/JPY Price Analysis: The key upside barrier emerges above 170.00
EUR/JPY attracts some buyers near 169.30 in Wednesday’s early European session, up 0.50% on the day. The cross keeps the negative picture unchanged below the 100-period EMA, with the bearish…
Australian Dollar comes under pressure after unexpected current account deficit
The Australian Dollar edges lower, possibly due to an unexpected current account deficit of A$ 4.9 billion in Q1. Australia’s GDP is expected to grow by 0.2% in the first…
Pound Sterling ticks down amid uncertainty ahead of US core PCE Inflation
The Pound Sterling is down slightly against the US Dollar ahead of the US core PCE inflation data. The underlying US inflation data is expected to have grown steadily. UK…
Australian Dollar grapples to halt its losses, while US Dollar remains steady
The Australian Dollar continues to lose ground after the higher-than-expected US PMI data. Australian equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. The…
Australian Dollar remains firmer due to risk-on mood, RBA Minutes eyed
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The US Dollar faces…
USD/JPY climbs to near 156.00 as BoJ maintains bond-buying
USD/JPY appreciates as BoJ maintains its bond-buying amounts from the previous operation. Former BOJ chief economist Toshitaka Sekine suggested the central bank could raise the rate three times in 2024.…
Australian Dollar retreats from four-month highs after higher Unemployment Rate
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US…
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…
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…
