The USD/JPY currency pair has recently settled around the 154.25 mark, maintaining this critical level for four consecutive trading days. This relative stability, however, belies the underlying bearish sentiment that pervades the market. While the currency pair seems to defy immediate downward trends, the technical indicators reveal a sobering outlook that suggests traders remain cautious.
Technical Analysis
In a remarkable turn of events, gold prices soared to unprecedented levels, surpassing the psychological threshold of $2800. This surge, culminating in a 1.3% increase on Thursday, reflects a convergence of factors compelling investors to seek the safety of bullion. The backdrop of this recent rally is dominated by renewed tariff threats issuing from the
As the EUR/USD currency pair sits around 1.0426 on a Thursday, market participants are left to interpret the implications of the Federal Reserve’s recent monetary policy decisions. The central bank opted to maintain its interest rate at 4.5% per annum, prompting traders to shift their attention to the forthcoming European Central Bank (ECB) meeting. This
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On Tuesday, the dollar index demonstrated a notable level of resilience, recovering from a day of turbulence induced by the market’s response to the DeepSeek shockwave. The circumstances surrounding this recovery were largely influenced by a new wave of aggressive tariff rhetoric from former President Trump. This renewed focus on trade policy has led to
In recent trading sessions, both the Australian Dollar (AUD) and New Zealand Dollar (NZD) have exhibited notable upward momentum against the US Dollar. This increase can be attributed to several technical indicators and support levels that have helped fortify the bullish trends in both currency pairs. This article delves into the recent performance of AUD/USD
The USDJPY currency pair recently experienced notable fluctuations triggered by the Bank of Japan’s (BoJ) anticipated rate hike. Market expectations were set for a modest increase of 25 basis points, which in itself initiated a temporary dip. However, this decline proved to be short-lived, highlighting the broader resilience of the dollar amidst a shifting interest
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