Technical Analysis

18 July 2024
Yen Rally Impacts Investments, Pressures Global Currencies Ahead of BOJ Policy Shift

The yen's recent rise has significant implications for other currencies as many investors have sold the yen to fund their investments in carry trades.

17 July 2024
Sterling Dips Ahead of 1.30 as US Retail Sales Beat, UK CPI in Focus

GBP/USD retreated further from recent highs near 1.30 after hotter-than-expected U.S. June retail sales slightly dialed back expectations for Federal Reserve rate cuts.

16 July 2024
EUR/USD Hits Four-Month High Amid Investor Indecision and Upcoming U.S. Data Focus

EUR/USD reached a four-month high on Monday but faced investor indecision as the session progressed.

15 July 2024
GBP/USD Hits 2024 Peak, Eyes Further Gains Amid Diverging US-UK Rate Expectations

GBP/USD rallied to a 2024 peak of 1.2975, undeterred by higher-than-expected U.S. producer price inflation, as the pair continued its gradual climb towards the July 2023 highs above 1.30.

12 July 2024
USD/JPY Near 159 as Market Awaits Possible Further Intervention from Japan's MOF

There's no doubt among most Tokyo traders that Japan's Ministry of Finance (MOF) ordered a fresh round of FX intervention following the U.S. consumer price report on Thursday.

11 July 2024
EUR/USD Trades Higher as Lower U.S. Yields Weigh on Dollar; Eyes on Upcoming U.S. Data

EUR/USD traded higher on Wednesday, buoyed by lower U.S. yields that pressured the dollar. This price action supports bullish technical signals, but confirmation will likely depend on upcoming U.S. pricing and employment reports.

10 July 2024
USD/JPY Eyes 162 as Yen Weakens; Focus on U.S. CPI and BoJ Meeting

After its recent brief recovery, the Japanese yen is once again losing ground against the dollar.

09 July 2024
EUR/USD Rises to Three-Week High Amid Speculation of Fed Rate Cuts

EUR/USD turned positive and hit a three-week high after briefly falling below the 200-day moving average on Monday.

08 July 2024
EUR/USD - Mixed U.S. Payroll Report Gives Bulls the Upper Hand

EUR/USD experienced a volatile session, opening near 1.0825 in New York and swinging wildly between 1.0796 and 1.08415

05 July 2024
GBP/USD Steady Amid Labour's Election Victory and Focus on U.S. Jobs Data

GBP/USD traded up 0.05% within a narrow range of 1.2755-1.2767, showing a muted reaction to the election results.