GBP/USD Drops to 1.2502 Amid Economic TurmoilForex

GBP/USD Drops to 1.2502 Amid Economic Turmoil

Key Points GBP/USD is currently at 1.2502, impacted by UK-US economic turbulence and monetary policies. US Q1 GDP growth at…

USD/INR Emerges as Steadiest Major CurrencyForex

USD/INR Emerges as Steadiest Major Currency

Key Points: Despite global volatility, USD/INR is the least volatile major currency in FY 2023-24, supported by interbank USD sales…

AUD/JPY Peaks at 101.66, Marks Five-Session GainForex

AUD/JPY Peaks at 101.66, Marks Five-Session Gain

Key Points AUD/JPY hits a five-month high at 101.66, indicating sustained upward momentum with RSI above 50. Support at 101.00…

Australian Q1 CPI Surges to 3.6%: Impacts AUD/USDForex

Australian Q1 CPI Surges to 3.6%: Impacts AUD/USD

Key Points: AUD/USD showed a Dragonfly Doji and a break above the 50-4hr SMA, suggesting a short-term bottom at 0.6452…

Forex Forecast: EUR/JPY Nears 166.00 as JPY SlumpsForex

Forex Forecast: EUR/JPY Nears 166.00 as JPY Slumps

Key Points: EUR/JPY experienced a strong uptrend, nearing a target of 166.00 due to Japan’s dovish monetary policy. Potential interventions…

USD/CAD Analysis: Maintaining Position Above 1.3700Forex

USD/CAD Analysis: Maintaining Position Above 1.3700

Key Points USD/CAD trades above 1.3700, with key EMAs as crucial watchpoints. CAD declined against USD, GBP, and JPY, affected…

USD/MXN Rate Slips 0.81%, Nearing 16.81 SupportForex

USD/MXN Rate Slips 0.81%, Nearing 16.81 Support

Key Points: USD/MXN rate fell to 16.99, a 0.81% drop, with the 200-day SMA crossed at 17.16. Positive trends in…

GBP/USD Rate Hits 1.2450 on Economic SignalsForex

GBP/USD Rate Hits 1.2450 on Economic Signals

Key Points: GBP/USD rose to 1.2450, influenced by UK and US economic indicators. US PMI data show a contraction in…

NZD/USD Hits Mid-0.5900s Amid 3-Day Buying TrendForex

NZD/USD Hits Mid-0.5900s Amid 3-Day Buying Trend

Key Points The NZD/USD pair is showing a consistent trend of buying, now reaching the mid-0.5900s after three days of…

EUR/USD April Decline: Down 2.62% to 1.0650Forex

EUR/USD April Decline: Down 2.62% to 1.0650

Key Points EUR/USD is trading near 1.0650, close to the 200-hour EMA, with the potential to reach 1.0500 or recover…