As traders anticipated a perhaps less aggressive Federal Reserve, the U.S. dollar fell to lower levels in the North American trading session on Tuesday. Sterling gained from the elevated risk mood as Rishi Sunak got ready to become the next prime minister of Britain. The Dollar Index, which measures the value of the dollar against […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishEUR/JPY pair is in an uptrend as it declines from the overbought region at level 148.40. On October 21, the Yen rallied to the high of level 148.40 but pulled back above level 145.59. Since October 18, the Yen has […]
AUDJPY Analysis- October 24 AUDJPY price reacts to buying sentiment as the market is open for buying recovery. The buy traders are currently charged with extending buying diplomacy back to a significant level of 97.040. The buying opportunity is currently open as the Parabolic SAR (Stop & Reverse) indicators show buyers’ engagement leaping forward. Traders […]
In response to Rishi Sunak’s victory in the contest to become the next prime minister, the pound recovered from session lows, and gilt prices rose on Monday, providing investors more assurance in the stability of the British economy. In a tumultuous session that began with Sunak’s challenger Boris Johnson pulling out of the leadership race […]
NZDUSD Analysis – October 23 NZDUSD changes direction as the market hits the demand zone. The demand zone at $0.5580 coincides with the four-hour rejection block. This rejection block also happened to be nested in the monthly rejection block at the previous low. The market has been in a bearish phase since the 5th of […]
After the yen (JPY) hit a 32-year low near 152 to the dollar on Friday, Japanese authorities intervened in the foreign exchange market to buy yen for the second time in a month, a government official and another person familiar with the situation told Reporters. In an effort to combat a global trend of tightening […]
As geopolitics continued to dominate Russian markets, the ruble (RUB) gained over 61.00 to the dollar (USD) on Friday, reaching a two-week high. This was aided by a positive month-end tax period. The ruble has reached its highest level since October 7 at 60.57 by 3:00 pm GMT, up about 1% against the dollar. It […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – October 20 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers keep rallying the price to the upside. The market appears unsafe for […]
The September employment report for Australia, which was released earlier today, showed that the job market in the country remains strong. Reports show that 13,300 new full-time employments were created by the economy, while 12,400 part-time ones were lost. This comes after an excellent 55,000 job growth in August. Inflation has increased as a result […]
