British Pound buckles as Hormuz attacks spark US Dollar rush
The Pound Sterling (GBP) drops by 0.28% during the North American session on Wednesday as the US and Iran exchange attacks, while data in the US showed that the labor…
USDJPY Cracks 160 Barrier, Traders Cautious of Potential Intervention
USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain very cautious after the previous intervention commenced at this zone and Japan’s…
Trump confirms he called Netanyahu crazy in phone call
Trump confirms he called Netanyahu crazy in phone call Source link
US yields are moving higher and pushing up the USDCHF toward the key 200 day MA target
The USDCHF is moving higher today after closing yesterday within a key swing area between 0.7869 and 0.7878. During early trading, buyers leaned against the lower end of that zone,…
Reserve Bank of India likely sold US$12bn in gold to defend rupee amid oil shock
India's RBI may have sold around $12bn in gold in the two weeks to May 22 to shore up foreign exchange reserves strained by high oil prices and a weakening…
USDCAD moves to test the high from last week and a swing area up to 1.3877. Key target.
The USDCAD is pushing to a new session high and, in the process, is testing an important resistance zone defined by last Thursday's high at 1.38689. The pair has now…
Canada: Recession concerns and USMCA talks – Rabobank
Rabobank strategist Molly Schwartz notes that Canada has entered a technical recession, with Gross Domestic Product (GDP) contracting for two consecutive quarters and missing expectations. Prime Minister Carney and Bank…
Reserve Bank of Australia: Growth slowdown supports hold – UOB
UOB economist Lee Sue Ann notes that softer Australian Gross Domestic Product (GDP), easing inflation and a cooling labour market have reduced pressure on the Reserve Bank of Australia (RBA)…
USD/JPY and USD/CAD Test Key Levels Ahead of the ADP Employment Report
The US dollar is holding on to its recently gained ground following a series of strong macroeconomic releases and a rise in US Treasury yields. Additional support for the greenback…
GBPJPY Wave Analysis – ActionForex
GBPJPY: ⬆️ Buy GBPJPY broke resistance level 215.00 Likely to rise to resistance level 216.50 GBPJPY currency pair recently broke the resistance area between the resistance level 215.00 (which stopped…
