Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0980. An additional signal confirming the rise will be a rebound from the […]
The Japanese yen remains in a weakened position against the US dollar. The current USDJPY exchange rate stands at 151.80. Bank of Japan governor Kazuo Ueda finally clarified the Japanese regulator’s future actions. The monetary policymaker noted that the BoJ will not directly react to the yen’s exchange rate fluctuations. In this way, the Bank […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have broken the 200-day Moving Average on D1 and rest above it, revealing the probability of an uptrend development. The RSI has broken the resistance line. In this situation, the quotes are expected to breach the 5/8 (0.6652) level and rise to the resistance at 6/8 (0.6713). […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3625. Next, the price might break above the resistance and maintain its upward trajectory. However, the quotes could correct to 1.3555 before […]
The British pound, paired with the US dollar, maintains positive momentum. The current GBPUSD exchange rate stands at 1.2657. Meanwhile, it is worth noting that GBP gains appear relatively modest as the market still experiences pressure from the trajectory of the US dollar. The chances of an interest rate cut from the Federal Reserve have […]
The Australian dollar gained against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6607. Morning statistics from Australia on the Consumer Sentiment Index by Westpac for April showed a 2.4% decline compared to the preceding 1.8% decrease. The index has fallen for two consecutive months as stable inflation in the country […]