GBPUSD backs off into support. Yesterday’s resistance is today’s support.
The GBPUSD moved higher yesterday, but upside momentum stalled near the lower end of a key swing area resistance zone between 1.3574 and 1.3602. The rally peaked at 1.3577 before…
USDJPY rebounds into resistance target at the 50% retracement. Will sellers show up?
The USDJPY moved sharply lower earlier today, breaking below both its 100-day moving average at 157.316 and the falling 100-hour moving average at 156.90 — a bearish technical development that…
South Korea: Gradual CPI rise keeps BoK cautious – ING
ING’s Senior Economist Min Joo Kang notes that South Korean inflation accelerated in April on higher energy prices, but government measures such as food vouchers, a gasoline price cap and…
AUDUSD runs to a new high going back to 2022 & backs off.What keeps the buyers in control?
The AUDUSD extended higher after the Reserve Bank of Australia raised rates by 25 basis points yesterday, effectively reversing the rate cuts seen earlier in 2025. The move marked the…
Silver Price Forecast: XAG/USD rally pauses below 50-day SMA after intraday surge
Silver (XAG/USD) gains traction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal triggers a sharp decline in the US Dollar (USD) and Oil prices. At the time…
Brent Heading Towards De-escalation – ActionForex
The markets are betting on a swift resolution to the US-Iran conflict. The fall in Brent and WTI prices is likely to be sharp but short-lived. At the start of…
USDCHF finds support buyers near swing level support on the run lower
In the post from yesterday, I highlighted the 100-hour moving average as a key resistance target that was keeping a lid on the USDCHF (see: “USDCHF sellers remain in control.…
AUD/USD: Hits Four-Year High on Fresh Risk Appetite
Australian dollar rose 1.2% against its US counterpart on Wednesday and hit the highest since June 2022. The rally was sparked by the media report signaling that US-Iran war might…
USD/CHF weakens for second day on risk mood, firmer Swiss inflation
USD/CHF declines around 0.7790 on Wednesday at the time of writing, down 0.50% on the day, as the US Dollar (USD) remains under pressure in a more risk-positive market environment.The…
NZD/USD: Market pricing aggressive RBNZ tightening path – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports NZD/USD has rebounded toward 0.6000 on broad US Dollar (USD) weakness, nearly erasing war-related losses. New Zealand’s Q1 labour data were mixed, with…
