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The Japanese yen, paired with the US dollar, is undergoing an active phase of devaluation. The current USDJPY exchange rate is 147.41. The current levels for the yen are the lowest in the past 10 months. Overall, the yen has lost more than 12% of its value since the beginning of the year. The primary […]

Oil Cuts Extended Crude prices broke out to yet further new highs for the year yesterday. The move was driven by news that Saudi Arabia and Russia have extended their additional production cuts through year-end. On top of the production cuts agreed among OPEC+ members, the two producers undertook additional, voluntary cuts which totalled around […]

The rapid bullish advance of the greenback in the past few days has encountered some selling pressure near the 105 level on the US Dollar Index (DXY). Today, the index is treading water amid a pullback in oil prices following yesterday’s OPEC+ decision. It’s worth noting that currencies of energy-importing nations entered a downside in […]

The BTC exchange rate dropped to 25,737 USD on Wednesday. Over the past week, the flagship cryptocurrency has lost 6.26%, with bearish trends in the last 24 hours contributing to most of the impact. Support for BTC is at the level of 25,150 USD. This mark is gaining importance as sellers become more active. The […]

The Australian dollar, paired with the US dollar, had declined even further. The current AUDUSD exchange rate stands at 0.6383. Today’s levels for the Aussie are the lowest since November 2022. The Australian dollar is weakening despite the release of relatively strong Q2 GDP data for Australia. The AUD is facing a downturn in the […]

TitleAUDUSD H4 | Bearish reversal off 23.6% Fibo? TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.64005 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.63397 which is a […]