Technical Analysis

09 August 2024
GBP/USD Slides to 5-Week Low, But Faces Resistance Ahead

Current Price Action: GBP/USD has extended its decline, reaching a new 5-week low at 1.2660 during early trading. However, the pair experienced a part...

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08 August 2024
EUR/USD Holds Steady in Tight Range as Yield Spreads Support Bullish Sentiment Amid Mixed Signals

Current Price Action: EUR/USD opened near 1.0920 in New York after hitting 1.09050 overnight. The pair traded within a tight range of 1.0910-1.09362 f...

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07 August 2024
GBP/USD Hits 5-Week Low Amid Rising BoE Rate Cut Expectations and Unwinding Speculative Longs

Current Price Action: GBP/USD is currently trading at 1.2702, showing a decline of 0.6% during the New York afternoon session. The pair has reached a...

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06 August 2024
GBP/USD Holds Steady Amid Market Volatility and Diverging Rate Expectations

Despite technically being down 0.2% at 1.2779 in Monday trading, GBP/USD remains entrenched within its recent range, supported by the daily cloud top...

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05 August 2024
JPY Buy-Backs Continue in Asia as Stocks Slammed, Bonds Bought

Japanese yen buy-backs persisted in Asia, causing significant declines in USD/JPY and JPY crosses. Stocks were heavily hit by US recession risks, whil...

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02 August 2024
Gold Prices Surge Amid Economic Uncertainty and Geopolitical Tensions, Nearing Record Highs

Gold Prices SurgeAs of August 2, 2024, spot gold prices have surged to $2,463.48 per ounce, approaching the historic high of $2,483.60 set in July. Th...

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01 August 2024
Sterling Holds Steady Amid Yen Hike and Fed Hold; Focus Shifts to BoE Decision

GBP/USD drifted higher post-Fed, trading up 0.14% at 1.2858 within Wednesday's range of 1.2860-1.2820. The Federal Reserve held rates as expected, cau...

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31 July 2024
USD/JPY and JPY Crosses Seek Direction Post-BOJ Hike

USD/JPY and JPY Crosses Seek Direction Post-BOJ HikeThe market remains uncertain about the direction of USD/JPY and JPY crosses following the Bank of...

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30 July 2024
Gold Price (XAU/USD) Attracts Dip-Buying Amid Softer Risk Tone and Geopolitical Risks

The Gold price (XAU/USD) saw some dip-buying during the Asian session on Tuesday but remained within the previous day's broader trading range and belo...

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29 July 2024
EUR/USD Rallies on Fed Rate Cut Expectations Amid Mixed U.S. Data

EUR/USD rallied on Friday and may remain elevated as investor expectations for Fed rate cuts were reinforced by the latest round of U.S. data. The mon...

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