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The primary currency pair is poised for growth on Tuesday. The current EURUSD exchange rate stands at 1.0934. Investors are focused ahead of this week’s release of the most crucial statistics. The first of these – the US inflation reports for February – are scheduled for release today. The Consumer Price Index (CPI) may have […]

Inflation Expectations All eyes are on the US Dollar today as traders brace for the latest US inflation data due this afternoon. Last time around, inflation was seen falling back to 3.1% from 3.4% prior, a little above the 2.9% the market was looking for. Today the market is looking for CPI to have remained […]

TitleEURJPY H4 | Potential bullish breakout TypeBullish Breakout Preference:EURJPY is rising to the pivot point at 161.756, the overlap resistance, price could break above the pivot and rise towards the 1st resistance at 163.578, the swing-high resistance. Alternative scenario:Price might reverse to the 1st support at 160.231, the pullback support that aligns with 61.8% Fibonacci […]

The British pound sterling, paired with the US dollar, is in the positive again. The current GBPUSD exchange rate stands at 1.2820. The details of the recently announced UK state budget have not brought any surprises, as the market was well-prepared for them. The measures concerning budget expenditure items aim to attract voters to the […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0980. However, the quotes might correct to 1.0910 and extend the uptrend after the pullback. USDJPY, […]

USDJPY Heading Lower USDJPY is under heavy selling pressure as we head towards the US session on Monday. Traders continued to offer the pair through early European trading, extending the declines seen form the Asian open overnight. The pair has now shed almost 3% from the YTD high as a shift in expectations regarding the […]