Technical Analysis

10 June 2024

USD/JPY Eyes 158 on Strong NFP and Anticipated CPI, Fed Decisions

The USD/JPY currency pair recently ended its series of lower highs following a bullish Non-Farm Payroll (NFP) report.

07 June 2024

EUR/USD Edges Higher Amid ECB Rate Cut and U.S. Jobless Claims Rise, Awaiting Key Payrolls Data

EUR/USD experienced a retreat from Thursday's peak of 1.0902 following the European Central Bank's (ECB) potentially premature rate cut.

06 June 2024

GBP/USD Rises on Soft U.S. Data, Eyes Key Resistance Amid Fed and BoE Rate Speculations

The GBP/USD pair experienced a significant rise to a session high of 1.2795, positioning itself to potentially test the recent trend high at 1.2818.

05 June 2024

USD/JPY Plunges Amid Yen-Funded Trade Unwinding; Key U.S. Economic Data Looms

The USD/JPY has experienced a significant decline this week, primarily driven by a broader unwinding of yen-funded risk-on trades and a substantial drop in the U.S. JOLTS job openings, which fell well below forecasted levels.

04 June 2024

GBP/USD Holds Steady as Traders Eye Key U.S. Payrolls Data; Technical Setup Remains Positive

GBP/USD remains anchored by its flattening 10-day moving average at 1.2731, down 0.07% in early North American trading.

03 June 2024

EUR/USD Slightly Higher Amid Risk-On Sentiment; Eyes on European Manufacturing PMIs

The EUR/USD pair is experiencing a slight uptick, trading within the range of 1.0846-1.0858, as risk sentiment remains positive ahead of the upcoming European manufacturing PMIs.

31 May 2024

EUR/USD Rebounds from 12-Session Low as Market Awaits Key US April PCE Report

EUR/USD turned positive after hitting a 12-session low on Thursday, with longs benefiting from bullish technical signals.

30 May 2024

Sterling Pulls Back from Nine-Week High Ahead of Key U.S. Inflation Data, GBP/USD Outlook Remains Positive

The GBP/USD retreated from Tuesday's nine-week high of 1.2801 but maintains a positive outlook, staying close to the March 8 high of 1.2894.

29 May 2024

USD/JPY Rallies on U.S. Consumer Confidence Surge and Treasury Yield Rise; Key Resistance at 158 in Focus Ahead of US PCE Data

The USD/JPY currency pair is experiencing a notable recovery, driven by an unexpected surge in U.S. consumer confidence and a rise in Treasury yields following significant Treasury sales this past Tuesday.

28 May 2024

EUR/USD Range-Bound Between 1.08-1.09 Amid Option Expiries and Technical Barriers

The EUR/USD pair has been constrained within a narrow range of 1.08 to 1.09 over the past two weeks