USD/JPY: Tokyo Core Consumer Price Index Rises 0.2% in July
Current Trends The USD/JPY pair is trading around 153.65. The yen is maintaining a stable level, supported by neutral macroeconomic statistics in the current situation. The Consumer Price Index (CPI) for the Tokyo region adjusted to 2.3% year-over-year, with the core CPI, which excludes fuel and food, rising from 2.1% to 2.2%. The Corporate Service […]
Gold/USD: Fundamental Factors Pressure Precious Metal Prices
Current Trends The Gold/USD pair has returned to 2400.0, but this week’s gold market is mainly influenced by fundamental factors. First, the pair is reacting proactively to changes in the U.S. Federal Reserve’s (FRB) monetary policy. The FRB might lower borrowing costs by 25 basis points as early as September. According to the CME Group’s […]
EUR/USD Forecast: Euro Turns Bearish After ECB Event
Current Trends EUR/USD ended Thursday in a negative state, falling below 1.0900. Early on Friday, dovish comments from ECB officials are putting pressure on the euro, and the deteriorating market mood is making it difficult for the pair to recover. Late Thursday, EUR/USD faced selling pressure, ending a six-day winning streak and closing in negative […]
AUD/USD: Labor Market Data Fails to Support the Australian Dollar
Current Trends With the rise of the US dollar, the AUD/USD pair is undergoing a downward correction at 0.6698. June’s labor market data for Australia showed little change and was insufficient to support the Australian dollar. The seasonally adjusted unemployment rate changed from 4.0% to 4.1%, and the participation rate increased from 66.8% to 66.9%. […]
USD/JPY Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 9, 2024
**EUR/USD Strong Sell** During the Asian session, EUR/USD is showing slight growth as it attempts to break above 1.0830. Market participants are holding off on taking new positions ahead of significant macroeconomic data releases this week. At 16:00 (GMT+2) today, Federal Reserve Chairman Jerome Powell is scheduled to speak before Congress, where he may comment […]
EUR/USD Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 4, 2024
**EUR/USD Strong Buy** EUR/USD is trading around 1.0785, showing a sideways movement. Market activity is subdued as the U.S. market is closed for Independence Day. Tomorrow’s release of the June U.S. employment report could impact the Federal Reserve’s monetary policy decisions. It is expected that non-farm payrolls will decrease from 272,000 to 190,000, with average […]
EUR/USD Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 3, 2024
EUR/USD Strong Buy EUR/USD is showing a consolidation pattern around 1.0740. Ahead of Independence Day, traders are refraining from opening new positions. Investors are awaiting the June employment report, with non-farm payrolls expected to decrease from 272.0K to 190.0K, average hourly earnings to decrease from 4.1% to 3.9% year-over-year, and from 0.4% to 0.3% […]
AUD/USD Strong Buy – Key Currency and Technical Analysis (15-Minute Chart) July 1th, 2024
**EUR/USD – Sell** EUR/USD is attempting to break 1.0750, continuing last week’s bullish momentum. Today’s German inflation data is expected to show a slowdown, with the HICP forecasted to drop from 2.8% to 2.6% year-on-year. ECB President Lagarde is also scheduled to speak, potentially providing comments on macroeconomic statistics. In the US, the ISM Manufacturing […]
USD/JPY – Strong Buy – Highlight Currency and Technical Analysis (15-Minute Chart) – June 26, 2024
USD/JPY – Strong Buy – Highlight Currency and Technical Analysis (15-Minute Chart) – June 26, 2024 EUR/USD – Sell The EUR/USD pair continues to trade around 1.0700. Market activity remains subdued as investors await new catalysts. Tomorrow, reports on consumer and business confidence in the Eurozone will be released, potentially influencing the direction of monetary […]
USD/JPY – Strong Sell – Highlight Currency and Technical Analysis (15-Minute Chart) – June 25, 2024
EUR/USD – Sell The EUR/USD pair shows weak growth, continuing the correction trend from the previous day. It is currently attempting to break out at 1.0740, but the macroeconomic backdrop remains negative. Last Friday, the Eurozone’s June Manufacturing PMI decreased from 52.2 points to 50.8 points, and the Services PMI also fell from 53.2 points […]