USD/JPY: Buy – Focus Currency and Technical Analysis (15-minute chart) March 20, 2024
USD/JPY continues to rise following the Bank of Japan’s policy shift. The market is keeping an eye on the outcome of the Federal Reserve’s meeting and future interest rate trends. EUR/USD: Sell – Cautious Market Sentiment The EUR/USD is showing uncertain movement around 1.0870, with participants avoiding building new positions ahead of the Federal Reserve’s […]
GOLD(XAU)/USD: Strong Buy – Currency of Interest and Technical Analysis (15-minute chart) March 18, 2024
EUR/USD: Buy – Assessing Trends The Euro/US Dollar pair shows slight downward movement, testing a breakdown at 1.0940. Market participants are seeking new catalysts, with attention on Spain’s consumer price statistics and speeches from representatives of the European Central Bank (ECB) today. In the US, statistics on producer prices and retail sales are scheduled for […]
USD/JPY: Neutral – Weekend Preparation within Range Trend
The USD/JPY pair is trading near 148.30, preparing for weekend gains within a weekly uptrend. Higher-than-expected US inflation data is casting doubt on the Federal Reserve’s plan to cut interest rates in June. XAU/USD: Neutral – Under Pressure from US Producer Price Index The XAU/USD pair is preparing for a slight weekend decline near 2165.00. […]
NZD/USD: Strong Buy – Focus Currency and Technical Analysis (15-minute chart) March 14, 2024
NZD/USD pair is trading near 0.6160 with little movement. Market participants are awaiting the release of the US Producer Price Index (PPI) data, which could determine the direction of the currency pair’s movement. EUR/USD: Sell – “Awaiting ECB’s Future Plans and US Macroeconomic Statistics” EUR/USD pair shows a slight decline, correcting after attempting an upward […]
USD/JPY (US Dollar/Japanese Yen) – Sell – Currency Focus and Technical Analysis (15-Minute Chart) March 11, 2024
EUR/USD (Euro/US Dollar) – Strong Sell The EUR/USD pair is holding steady near 1.0940, with market participants analyzing macroeconomic data released last week. Particularly, Germany’s industrial production decreased by 5.5% on an annual basis but increased by 1.0% on a monthly basis, suggesting the possibility of the German economy emerging from recession in the near […]
EUR/USD (Euro/US Dollar) – Strong Sell – Technical Analysis (15-minute chart) March 8, 2024
EUR/USD pair is showing subtle movements near 1.0950. Market participants are awaiting the release of the US February labor market report, which could significantly influence the currency pair’s direction. A slowdown in non-farm payrolls, unchanged unemployment rate, and a slowdown in the growth rate of average hourly earnings are anticipated. Additionally, macroeconomic statistics from […]
USD/JPY (US Dollar/Japanese Yen) – Sell – Currency Focus and Technical Analysis (15-Minute Chart) March 7, 2024
EUR/USD (Euro/US Dollar) – Strong Sell The EUR/USD pair shows slight growth and is trading near 1.0900 and the high of January 24th. Remarks by Jerome Powell, Chairman of the Federal Reserve (FRB), supported the euro. Powell mentioned that the uncertainty over further weakening of price pressures is a key obstacle to the central […]
AUD/USD (Australian Dollar/US Dollar) Strong Buy – Currency Focus and Technical Analysis (15-Minute Chart) March 6, 2024
EUR/USD (Euro/US Dollar) Buy The EUR/USD pair is showing mixed trading around 1.0850, with market participants refraining from rushing into new positions while awaiting the release of macroeconomic data. Today, all eyes are on the testimony of Jerome Powell, Chairman of the Federal Reserve, in Congress, where an announcement of plans to cut borrowing […]
GBP/USD (British Pound/US Dollar) Strong Buy, Featured Currencies and Technical Analysis (15 minutes) March 4, 2024
GBP/USD (British Pound/US Dollar) – Strong Buy The GBP/USD pair is showing slight upward movement, testing a breakout at 1.2660. Pressure on the dollar is evident due to US business activity statistics. EUR/USD (Euro/US Dollar) – Strong Buy The EUR/USD pair is showing a minor uptrend, testing a breakout at 1.0845. Traders are awaiting […]
USD/JPY (US Dollar/Japanese Yen) Strong Sell, Featured Currency and Technical Analysis (15-minute chart) February 29, 2024
EUR/USD (Euro/US Dollar) Buy The Euro/US Dollar pair shows ambiguous trading dynamics near 1.0830, with low market activity as traders await the release of inflation statistics that may influence the timing of interest rate reduction programs by the US Federal Reserve and the European Central Bank (ECB). Tomorrow, final inflation statistics for the Eurozone are […]