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Forex
US Dollar closes the week strong despite weak UoM figures
DXY rally extends into Friday, hitting its highest level since early May.
Consumer Confidence from the UoM figures come in below expectations, dampening the…
USD/JPY Price Analysis: Climbs steadily above 157.00
USD/JPY trades at 157.36, up 0.22%, as BoJ keeps rates unchanged, weakening the JPY.
Technical outlook: RSI indicates bullish momentum, with key resistance…
AUD/JPY Price Analysis: Buyers consolidate, sellers challenge the 20-day SMA support
The AUD/JPY pair witnesses further descent, as the ongoing profit-taking causes it to approach the reinforced 20-day SMA support.
Should the bulls manage to…
EUR/USD tests fresh six-week lows below 1.0700 on Friday
EUR/USD tilted lower on Friday as politicalk upheaval crimps Euro demand.
US consumer sentiment survey figures dipped in June.
Markets are grappling with…
Mexican Peso sinks as post-election losses pile up, down 0.30% in the week
Mexican Peso down as judiciary reform fears continue to weigh on investor sentiment.
Presumptive President Claudia Sheinbaum reassures investors but echoes…
Dow Jones Industrial Average scrambles to recovery lost ground on Friday but still ends lower
Dow Jones rises intraday, but still on the low side of Thursday’s close.
UoM”s Consumer Sentiment Index flubs forecasts, declines further.
Consumer…
Canadian Dollar grinds flat on Friday after mild miss in Canadian sales figures
Canadian Dollar is broadly higher on Friday but only slightly.
Canada missed forecasts on manufacturing and wholesale figures.
US Consumer Sentiment survey…
Australian Dollar closes the week soft as markets gear up for RBA’s decision
AUD/USD continues its decline as markets gear up for RBA’s decision next week.
Federal Reserve's projection of higher interest rates continues to bolster…
NZD/USD Price Analysis: Consolidation phase intensifies, bulls present battle
The NZD/USD stabilizes near 20-day SMA as bears intensify their attempts to breach the20-day SMA.
Despite spirited defenses, both bulls and bears are yet to…
EUR/JPY Price Analysis: Slips below 169.00 amid political turmoil
EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France.
Technical outlook: Consolidation below 170.00…