Analysis & Forecast
Ripple bulls are trying their best not to slide deeper below the 50-period simple moving average (SMA). Today’s slide comes ahead of the key US macro-economic data (CPI & FOMC minutes), slated to be released later today. How can these aff...
NETH25 Index is trading close to it’s recent all-time high (~893) ahead of the European Central Bank’s (ECB) interest rate decision (12:15 PM UTC) and a subsequent press conference (12:45 PM UTC). The NETH25 Index tracks the performance of ...
Spot gold is now tantalizingly close to the $2400, amid a seemingly unrelenting year-to-date advance of 15.7%. Still, gold’s eye-watering ascent is somewhat perplexing, especially in light of the US dollar’s rebound on lowered bets for Fed ra...
15.04.2024The Japanese yen, paired with the US dollar, continues its steep decline. The current USDJPY exchange rate stands at 153.82.Japan's Finance Minister Shunichi Suzuki reiterated this morning that he is closely monitoring currency movemen...
15.04.2024The primary currency pair is below the previous level on Monday. The current EURUSD exchange rate stands at 1.0650.The US dollar strengthened its position for two reasons. The Federal Reserve’s reactions to the US inflation data delay...
16.04.2024The British pound, paired with the US dollar, attempted to recover but without success. The current GBPUSD exchange rate stands at 1.2437.Yesterday’s release of US retail sales data reduced the pound’s ability to recover from it...
16.04.2024The main currency pair is still declining on Tuesday. The current EURUSD exchange rate stands at 1.0613Yesterday, the US released a retail sales report for March, which caused increased market turbulence. The report showed a 0.7% m/m increa...
11.04.2024The primary currency pair is consolidating on Thursday following yesterday’s failure. The current EURUSD exchange rate stands at 1.0743.Yesterday’s signals, including the release of March’s inflation statistics and the min...
12.04.2024The primary currency pair is sliding down on Friday. The current EURUSD exchange rate stands at 1.0682.The strengthening of the US dollar is associated with low expectations from the US Federal Reserve's interest rate for this year. In...
12.04.2024The Japanese yen maintains its downward momentum in the pair with the US dollar. The current USDJPY exchange rate stands at 153.25.JPY reached new 34-year lows today. Robust economic data in the US negatively affects the currency market as ...
