Technical Analysis

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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26 July 2024
EUR/USD Rallies Amid Consolidation Ahead of U.S. PCE Data

EUR/USD rallied on Thursday, though the manner of trading suggests consolidation is taking place. This may leave investors reliant on the upcoming Jun...

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25 July 2024
Yen Rallies Amid Carry Trade Unwind and Rising BoJ Rate Hike Odds

The ongoing purge in carry trades continues to benefit low-yielding currencies, particularly the yen and the Swiss franc. USD/JPY broke below the key...

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24 July 2024
GBP/USD Holds Above 1.29 Amid BoE and Fed Guidance Anticipation, Yen Dynamics Influence

GBP/USD downside is likely to be limited after bears failed to hold a break below 1.29 on Tuesday. However, advancing back toward the 2024 highs hit e...

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23 July 2024
Yen Rallies Ahead of BoJ Meeting; USD/JPY Stuck in Range as Market Awaits Clear Signals

The yen rose on Monday, but its rallies ahead of the Bank of Japan's (BoJ) July 31 policy meeting may remain fragile until the forex market receives c...

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22 July 2024
EUR/USD Drifts Lower Amid US Dollar Strength, Market Prepares for Key Data Releases

As the weekend approached, EUR/USD was under pressure, with New York opening near 1.0885 after trading between 1.09017 and 1.08760 overnight. An early...

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19 July 2024
EUR/USD Slips Post-ECB But Potential Buying Opportunities Loom Amid Fed Rate Cut Speculation

EUR/USD traded lower on Thursday after the European Central Bank (ECB) left rates unchanged, as expected. However, these dips might present buying opp...

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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....

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