In a recent trading session, the Australian Dollar (AUD) faced significant losses against the USD, with AUD/USD dropping to 0.6615. This decline is primarily attributed to the sluggish Chinese economic
As the risk-off sentiment prevails in the market, the Greenback has managed to regain some balance, pushing the USD Index (DXY) back towards the 104.50 zone despite a retreat in
The USD/JPY has plummeted over 0.85% and has breached the Ichimoku Cloud (Kumo) for the first time since January 15, signaling a possible extended downtrend. The pair currently trades at
The US Dollar (USD) continued its downward trend on Wednesday, with the EUR/USD pair reaching fresh four-month highs above 1.0900 following suspected intervention by the Bank of Japan (BoJ) to
The EUR/USD pair continued its upward momentum this week, reaching a high of 1.0950 on Wednesday. As the pair remains in a consolidation phase, all eyes are on the European
GBP/USD retreats from 2024-high set on Wednesday, trades below 1.3000. The near-term technical outlook points to a loss of bullish momentum. Weekly Initial Jobless Claims data will be featured in
AUD/USD Bearish Trend Continues as US Dollar Strengthens: Market Analysis The AUD/USD pair continued its downward trend on Thursday as the US Dollar gained momentum, impacting the pair's value. The
The US Dollar (USD) strengthened on Thursday, pushing the USD Index (DXY) above 104.00, supported by rising US yields. Meanwhile, EUR/USD retreated to 1.0900 after the ECB's decision to keep
The EUR/USD pair traded below 1.0900 after closing negatively on Thursday, influenced by dovish remarks from ECB officials. The bearish sentiment in the market is hindering the pair's ability to
The GBP/USD pair experiences a decline towards 1.2900 after significant losses on Thursday, driven by safe-haven flows dominating the financial markets during the European session on Friday. The near-term technical