Technical Analysis
USDJPY edges higher past 154.00 while making rounds to the 34-year top marked the previous day.
Gold price resumes its upward trajectory within a fortnight-old bullish megaphone chart pattern after a volatile day.
GBPUSD fades bounce off the yearly low following its failure to cross the 200-day Exponential Moving Average (EMA).
Wednesday’s strong US inflation data and hawkish Fed Minutes portrayed the EURUSD pair’s biggest daily slump since March 2023.
Gold price makes rounds to the record top early Wednesday as market players await the CPI and Fed monetary policy meeting.
NZDUSD remains positive around 0.6035-40 early Tuesday, despite lacking upside momentum of late.
USDJPY picks up bids within a fortnight-old trading range while defending the previous day’s rebound.
After rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high.
Wednesday’s broadband US Dollar weakness allowed GBPUSD bulls to extend the week-start rebound.
EURUSD recovered from a two-month-old horizontal support the previous day while teasing buyers.
AUDUSD portrays a corrective bounce from the lowest level in a month, snapping a three-day downtrend.
USDJPY registered the first weekly loss in three amid mixed concerns about the Bank of Japan’s (BoJ) next move.
EURUSD remains pressured at the lowest level in five weeks, down for the fourth consecutive day.