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The Australian dollar climbed 0.6% early Wednesday, buoyed by higher-than-expected inflation figures. The inflation rate for May rose to 4.0%, compared to 3.6% in April and surpassing the forecast of 3.8%, marking the highest…
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The dollar index regained traction on Tuesday, edging higher after a 0.4% drop on Monday. The pullback was contained by the top of the daily cloud, representing a mild correction within a larger uptrend that remains intact.…
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USDJPY dips slightly after nearing the 160 barrier, widely seen as a potential intervention trigger, recalling Japan's intervention when the pair surpassed this level at the end of April. Monday’s session closed in the red for…
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GBPUSD remains bullish in early Tuesday trading, building on Monday's 0.43% rebound, which formed a bullish engulfing pattern on the daily chart. However, fresh bullish momentum faces strong resistance around the 1.2700 level…
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itcoin fell around 4% by early US trading on Monday, marking the largest one-day loss since April 30. The fresh downward acceleration is putting pressure on the psychological 60K support level, which is also near the 76.4%…
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The EURUSD pair saw a rebound on Monday as traders took profits from the decline observed on Thursday and Friday. Despite weaker-than-expected German Ifo data, the euro regained traction due to improving sentiment driven by…
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EURJPY continues its upward trend, extending its steep rise for the sixth consecutive day and surpassing the 171 mark in early Monday trading. Despite overbought conditions and signals from Japanese authorities about possible…
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The Bank of England (BoE) has opted to maintain its main interest rate at 5.25%, holding steady at a 16-year high just before the July 4 election. This decision, endorsed by a 7-2 vote from the Monetary Policy…
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USDJPY maintains its upward trajectory, breaching the significant Fibonacci barrier at 158.22 (76.4% of 160.19/151.85) that had previously thwarted multiple attempts. A sustained breakthrough here would signal fresh bullish momentum,…
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USDCHF surged by approximately 0.7% on Thursday following the SNB's 25 basis points rate cut, reducing the interest rate from 1.5% to 1.25%. The central bank justified its decision by citing the ongoing decline in inflation and the…
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