The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds. The EUR/USD currency pair today rallied from an opening low of 1.1213 to a monthly high of 1.1274 before retracing some of its gains. The currency pair’s […]
Read moreThe Japanese yen is mixed against a basket of currencies to start the trading week as traders try to make sense of the economy. It is a case of is Japan in a recession or is the economy already recovering? Policymakers cannot seem to determine what is going on in Tokyo, and the recent influx of data is not helping investors make a concrete bet on or against the worldâs third-largest economy. According to the Ministry of Finance, Japan recorded a 25.3% jump in its […]
Read moreThe US dollar ended the past trading week relatively flat. What factors will drive the US dollar over the current week and what traders can expect from the greenback? One of the major events for the US currency during the week will be the release of monetary policy meeting minutes by the Federal Reserve. While the Fed did not change its monetary policy at the latest gathering, it shocked markets by dropping plans for hiking […]
Read moreThe recent break of the 1.8457 support area on the Great Britain pound vs. Australian dollar has the trails of an unsustainable move for the bears. Long-term perspective The ascending trend that began on the debut of 2019, from 1.7213, looks as if it is over. Such a conclusion can be easily drawn after acknowledging the break of two obvious support lines, the confluence of which consolidate an important support area. These two lines are the support […]
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