Technical Analysis

16 October 2024
GBP/USD Awaits CPI for Clarity on BoE’s Rate Path After Employment Data Boost

GBP/USD remained near the top of its recent trading range, hovering around 1.31 after UK employment and wage data came in slightly above forecast. The...

15 October 2024
EUR/USD Faces Bearish Pressures as ECB Policy Shift and Technical Breakdowns Weigh

EUR/USD is trading under renewed pressure, having closed below the 100-day moving average (DMA) and daily Ichimoku cloud base at 1.0936/45. This break...

14 October 2024
USD/JPY Near Key Levels as Traders Balance Risk with Policy Uncertainty

USD/JPY has remained near the top of its daily trading range, testing significant resistance at 149.08, as U.S. yields rise on solid economic data. Th...

11 October 2024
EUR/USD Faces Bearish Pressures Amid Rising US Inflation and Yield Gains

EUR/USD remained under pressure, hitting a fresh two-month low as U.S. inflation data and rising yields drove the dollar higher, overshadowing the tig...

10 October 2024
Sterling Struggles Near Key Support as Central Bank Policies Take Center Stage

GBP/USD traded near its recent trend lows on Wednesday, anchored by support at 1.3060 as traders await more information on the rate paths of the Feder...

09 October 2024
USD/JPY Near Range Highs, Eyes on Treasury Yields and BOJ Policy Shifts

USD/JPY has rebounded towards the upper end of its daily trading range, supported by strength in U.S. equity markets and a steepening U.S. Treasury yi...

08 October 2024
GBP/USD Bears Regain Control as Home Price Data Disappoints, Downtrend Resumes

GBP/USD fell to a one-month low as sterling bulls were left wanting after the latest batch of UK home price data failed to meet expectations. Despite...

07 October 2024
EUR/USD Sinks as U.S. Jobs Data Challenges Fed Rate Cut Outlook, Bears Eye 1.0700

EUR/USD tumbled to a fresh two-month low on Friday, driven by robust U.S. non-farm payrolls data and widening yield differentials between the U.S. and...

03 October 2024
USD/JPY Climbs as Treasury Yields and Policy Accommodation Drive Rally

USD/JPY surged on Wednesday, rising sharply after a stronger-than-expected ADP employment report boosted U.S. Treasury yields and fueled dollar demand...

02 October 2024
EUR/USD Bears Eye 1.1000 as Yield Differentials and Disinflation Weigh on the Euro

EUR/USD fell to a fresh three-week low on Tuesday, pressured by widening yield differentials between the U.S. and Germany and weaker-than-expected eur...