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AUDUSD regained momentum and climbed higher on Thursday, countering the negative impact from Wednesday’s strong rejection just below the base of the rising daily cloud. Several indicators suggest the pair is attempting to form a base and…
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Gold regained traction on Thursday, bouncing back after a sharp decline in recent days. This fresh strength indicates that the market is stabilizing following a turbulent period, with broader bullish trends poised to regain…
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The dollar index ticked lower during European trading on Thursday, as the bounce from Monday's eight-month low of 101.94 began to lose momentum. The daily chart presents a weak outlook with moving averages in bearish configuration and…
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EUR/USD inched higher during Asian and early European trading on Thursday, suggesting that the pullback from Monday’s spike high of 1.1009 may be coming to an end. The formation of a higher base around the 1.0900 zone supports a positive…
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USD/JPY surged higher on Wednesday as traders took profits from the steep fall of the past few days, driven by risk aversion that had boosted demand for the safe-haven yen. The Japanese currency had made an impressive rally of 8.5%…
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AUD/USD has picked up momentum on Wednesday following Monday’s spike low at 0.6348, the lowest level since early November 2023. The Australian dollar has benefited from the hawkish stance of the Reserve Bank of Australia (RBA) on…
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Cable started to gain traction and edged higher on Wednesday morning after its recent drop penetrated the rising daily cloud (cloud top at 1.2702) but found firm support at 1.2682 (100 DMA), where dips were repeatedly rejected. The…
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EUR/CHF edged higher in early trading on Wednesday, reflecting initial signals that risk appetite is gaining traction. The pair rebounded from a new multi-year low, which had been driven by a surge in risk aversion over the past few days…
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The Reserve Bank of Australia (RBA) kept rates unchanged during its policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year. The RBA maintained rates at a 12-year high of 4.35% for the sixth…
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WTI oil prices came under pressure due to fresh demand concerns stemming from talks about a potential US recession, as disappointing US economic data support this scenario. This offset calming reassurances from US officials that the economy…
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