Technical Analysis

01 November 2024

EUR/USD Rallies on ECB Expectations but U.S. Payrolls Pose a Threat

EUR/USD moved higher on Thursday, reaching an 11-session peak of 1.0888 as eurozone inflation data and ECB President Christine Lagarde’s comments hint...

31 October 2024

Yen Shorts on Edge as BOJ Meeting Approaches, Hawkish Ueda Could Test USD/JPY Rally

USD/JPY drifted within a narrow range Tuesday, constrained by month-end dollar selling and a dip in long-term U.S. Treasury yields, as traders await T...

30 October 2024

Inflation Concerns Keep EUR/USD Under Pressure Despite Slowing U.S. Jobs Data

EUR/USD slipped lower on Tuesday, even as U.S. jobs data pointed to potential economic softening. The September JOLTS report fell sharply to 7.443 mil...

29 October 2024

GBP/USD Finds Support Near 100-DMA as Key Budget and Election Risks Loom

 Sterling’s rally was tempered Monday as GBP/USD slipped back towards the 100-DMA at 1.2971, struggling to hold above the psychological 1.30 leve...

28 October 2024

EUR/USD Temporary Rebound Likely Capped by Persistent U.S. Dollar Yield Advantage

EUR/USD edged higher on Thursday after ECB policymaker Joachim Nagel cautioned against a hasty rate cut approach, underscoring the ECB’s resolve to co...

25 October 2024

EUR/USD Temporary Rebound Likely Capped by Persistent U.S. Dollar Yield Advantage

EUR/USD edged higher on Thursday after ECB policymaker Joachim Nagel cautioned against a hasty rate cut approach, underscoring the ECB’s resolve to co...

24 October 2024

USD/JPY Holds Gains but Faces Resistance as Haven Demand and Technicals Limit Upside

USD/JPY held firm on Wednesday but eased from its day’s high of 153.19 as a decline in U.S. shares triggered some haven-related yen buying. The pair r...

23 October 2024

EUR/USD Faces Renewed Downside as Yield Spreads Widen, Growth Outlook Diverges

EUR/USD opened near 1.0830 in New York but quickly lost ground, trading close to the critical 1.0800 level as widening U.S.-German yield spreads and d...

22 October 2024

GBP/USD Pressured Near 1.30 as Rising U.S. Yields and BoE Policy Divergence Weigh

Sterling continued to tread water around the key 1.30 level on Monday, weighed down by rising U.S. Treasury yields and broad dollar strength. The pair...

21 October 2024

USD/JPY Nears Critical Resistance as Intervention Fears and Profit-Taking Cap Gains

USD/JPY's bullish momentum has slowed near the 150 level, as traders begin to lock in profits and heed warnings from Japanese officials regarding yen...