AUD/JPY moved lower ahead of the Asian session, extending its losing streak to two days and trading near the 93.00 area. Selling momentum appears to be fading, with technical indicators suggesting that bulls might attempt a rebound or initiate sideways […]
Bears extend control, but downside momentum weakens Read More »
EUR/USD holds gains after the European session, trading near the 1.0870 area and marking fresh highs since November 2024. The 20 and 100-day moving averages are nearing a bullish crossover, while overbought RSI suggests a possible correction. Immediate resistance is seen
Bulls push higher, but overbought signals hint at correction Read More »
DXY plunges further, losing over 3.5% this week. February’s Nonfarm Payrolls miss expectations and the unemployment rate rises. Fed officials signal multiple rate cuts in 2025, fueling more USD weakness. Tariff uncertainty continues as President Trump hints at new Canada
US Dollar remains under pressure NFPs, Trump and Powell comments Read More »
DXY drops over 2.5% this week as selling pressure intensifies. ADP employment data misses expectations, showing hiring slowdown. ISM Services PMI beats forecasts, signaling economic resilience. Technical indicators suggest further downside as key support levels break. The US Dollar Index
US Dollar continues to weaken on soft labor market data Read More »
EUR/USD extended its rally after the European session, trading near fresh multi-month highs above key moving averages. The pair has surged more than 3.70% in the week, shifting the outlook decisively in favor of buyers. EUR/USD gained significant ground on
Bulls tighten grip as pair surges to multi-month highs Read More »
EUR/USD posts mild movements after a volatile week, bouncing slightly after recent sharp losses. After facing a third rejection at the 100-day SMA, the pair plummeted to a two-week low, shedding over 0.70% before stabilizing. Key resistance stands at the
Pair stabilizes below 20-day SMA, sharp weekly decline Read More »
January’s Personal Consumption Expenditures data aligned with expectations. President Trump confirms that tariffs on Canada, Mexico, and China will take effect on March 4. DXY is set to record a 0.60% weekly gain, holding onto Thursday’s rally. The US Dollar
US Dollar holds ground after PCE data, geopolitical jitters Read More »
The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President
AUD/USD slides near 0.6200 after US PCE data, tariffs Read More »
EUR/USD extends its decline, hitting its lowest level in two weeks. RSI continues to weaken in negative territory, reflecting intensifying bearish momentum. The EUR/USD pair suffered a sharp decline on Thursday, sinking to its lowest level in two weeks as
Pair plunges after third rejection at 100-day SMA Read More »
Australian Dollar declines as subdued inflation dims hopes for aggressive rate cuts, pressuring the Aussie’s recent rally. US House of Representatives passes Trump’s tax cut bill, elevating the Greenback despite uncertain tariff developments. Softer growth in Australia’s Consumer Price Index
AUD/USD tumbles to near 0.6300 as US Dollar extends recovery, soft CPI Read More »
