AUD breaks above 0.7015 resistance against USD The Australian Dollar has broken above significant resistance at 0.7015 against the US Dollar. The price action has extended to 0.7021. In the next 24 hours, the Australian Dollar is expected to stay in a highe
UOB analysts expect the Australian Dollar to extend gains toward 0.7045 in the coming weeks after breaking key resistance levels. The Australian Dollar surged past resistance at 0.7015 against the US Dollar, reaching a high of 0.7021. UOB analysts note the breakout signals
The currency pair dropped 4.5% after breaking below a head and shoulders neckline at 0.8610, reaching 0.84. EUR/GBP extended its decline after breaking a head and shoulders neckline at 0.8610, reaching 0.84, its lowest level since June 2023. The move represents a 4.5% drop
The Euro remains steady against the Japanese Yen, consolidating a 0.8% rally this week despite broader Yen resilience. The Euro traded near one-month highs at 186.00 against the Japanese Yen, showing minimal movement in early Thursday sessions. The pair has consolidated ga
Investors shun the US dollar despite rising Brent crude, weakening the USD Index amid Middle East tensions. The USD Index extended declines as Brent crude neared monthly highs, failing to bolster the dollar’s safe-haven appeal. Oil prices rose, but investors avoided the gr
XAG/USD drops for a second day, trading near $56.80 as technical indicators signal sustained downside pressure. Silver prices extended losses for a second straight session, trading around $56.80 per troy ounce in European hours. The XAG/USD pair remains below the upper bou
The pair remains above 0.8000 support despite a weaker USD after softer US inflation data reduced immediate Fed tightening expectations. The USD/CHF pair trades around 0.8060 in early European trading, failing to extend gains after touching a weekly low. A pullback in the
Swiss National Bank minutes indicate increased willingness to intervene against CHF strength, with USD/CHF climbing to 0.8066 in European trade. The Swiss National Bank has indicated a heightened willingness to intervene in currency markets to prevent excessive appreciatio
Swiss National Bank minutes reveal heightened intervention willingness amid CHF appreciation risks and stable inflation pressures. The Swiss National Bank indicated a greater willingness to intervene in currency markets to prevent excessive Swiss Franc appreciation, accord
Bank of Canada policy and soft Canadian labor data reduce odds of CAD-driven reversal in USD/CAD pair. The Canadian dollar’s recent decline against the US dollar is unlikely to reverse due to domestic factors, according to market analysis. Weak Canadian labor data and the
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