Forex
FX News USD/JPY Eyes 40-Year High Above 162
USD/JPY may rise toward the 40-year high of 162.84. The 14-day Relative Strength Index’s decline to the mid-50s suggests that consolidation is mitigating earlier overbought conditions. The currency…
FX News EUR/USD Dips as Fed Rate Hike Boosts Dollar
The EUR/USD pair has experienced a decline, settling at approximately 1.1380 during the early hours of the Asian session on Wednesday. Trump asserted that Iran consented to an…
FX News USD/JPY Holds Ground as Traders Assess Rate Differentials
USD/JPY remains stable around 161.60 during the early hours of Wednesday’s Asian session. Traders are reevaluating the timing of potential US interest rate increases following the Federal Reserve’s…
FX News USD/JPY Consolidates as Key Support and Resistance Come into Focus
It is anticipated that the most probable scenario for USD/JPY, at least in the upcoming weeks, could involve a sideways movement as the pair establishes a range of…
FX News GBP/USD Retreats as US Dollar Strengthens on Jobs Data
GBP/USD has fallen below the critical support level identified at the 200-day Simple Moving Average of 1.3331, experiencing a decline of approximately 0.21% on Tuesday as market participants…
