Category forex

Yen Bears Target 2024 Low

USD/JPY range-trading phase projected between 161.20 and 161.80 The Japanese Yen is under pressure, with bears eyeing the 2024 low at 162.00 against the US Dollar. The USD/JPY remains in a range-trading phase intraday, with a narrow range of 161.25–161.73. The cu

Dollar Advances Amid Risk Aversion

Dollar gains as EUR/USD breaks under 1.1400 The dollar posted a strong advance, with EUR/USD breaking under 1.1400 and AUD/USD dropping to fresh 11-week lows under 0.7000. The key drivers of price action are dollar sentiment and the overall risk mood, which are closel

Gold Drops to Two-Week Low

Gold falls to a two-week low as Fed rate hike bets rise Gold prices have dropped to a nearly two-week low during the Asian session on Wednesday. The decline is driven by a greater chance of a rate hike by the US Federal Reserve, which has pushed the US Dollar to a fre