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The US Dollar (USD) continued to strengthen against other major currencies on Tuesday, reaching its highest level in nearly two weeks, climbing above 101.00. Investors are keeping an eye on important data, such as the European unemployment rate and US employment numbers from ADP, along with speeches from key Federal Reserve officials. The USD got […]

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21/12/2023

AUD/USD Rally Pauses, Traders Cautious As US GDP Approaches

Key Highlights AUD/USD gained traction above the 0.6700 resistance zone. A connecting bullish trend line is forming with support near 0.6745 on the 4-hour chart. EUR/USD and GBP/USD are consolidating above key support zones. The US GDP could grow 5.2% in Q3 2023. AUD/USD Technical Analysis The Aussie Dollar started a steady increase above the […]
16/07/2024

Have USDJPY Bulls Lost the Game?

USDJPY finds support near 158.00 after rapid downfall Short-term risk remains in the bearish zone; eyes on 155.00 level US retail sales due for release at 12:30 GMT USDJPY set a strong foothold near its 50-day simple moving average at 157.90 after last week’s brutal exit out of the 161.00 territory. Note that the pair […]
09/08/2024

U.S. Inflation Likely Held Steady in July

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