News

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2565 is expected, followed by a decline to 1.2485. An additional signal confirming the decline could be a rebound from […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. However, a divergence has formed on the RSI, revealing a probable price decline. As a result, in this situation, a downward breakout of 7/8 (08728) is expected, followed by a price decline to […]

In the midst of the midweek trading session, the EURUSD pair maintains a firm stance above the 1.0750 mark, refusing to relinquish its modest gains. A tug-of-war between the Euro and the US Dollar ensues, with the latter grappling to garner demand following a slight retracement on Tuesday. Despite marking its second consecutive day of […]

Weak US Helps Oil Crude futures are currently undergoing a shallow recovery rally helped by a mid-week pull back in the US Dollar. Softening US yields have seen USD trading lower on Wednesday, allowing commodities and other risk assets some room to climb. Oil prices suffered a heavy 9% loss last week as fresh strength […]

The British pound sterling, paired with the US dollar, is inclined to grow. The current GBPUSD exchange rate stands at 1.2628. Now that the pressure from the US dollar has decreased, the pound has an opportunity for correction. The UK published very few vital statistics this week. However, the house price report for January is […]

After a pause, the Japanese yen, paired with the US dollar, resumed its decline. The current USDJPY exchange rate stands at 148.54. A high-ranking official from the Bank of Japan remarked yesterday that it was challenging to envision a scenario in which the regulator would swiftly raise the interest rate. This official was Shinichi Uchida, […]