GBP/JPY is a historically popular pair in Forex trading, as it is one of the most volatile products to trade and captures geographic dynamics and risk-on/risk-off flows. The pair once again stands at a key inflection point, right after a historic run back to 2008 levels, and can offer quite interesting setups amid elevated market…
BitcoinWorldForex Volatility Surge: PMI Reports and US GDP Data Trigger Critical Market Movements Global currency markets brace for significant volatility this week as Purchasing Managers’ Index (PMI) reports from major economies and crucial US Gross Domestic Product (GDP) data converge to create potentially market-moving conditions. Forex traders worldwide monitor these economic indicators closely, anticipating substantial…
USD/JPY’s strong rebound last week suggests that fall from 157.65 has completed at 152.25. Initial bias is turned neutral this week firs. On the upside, above 155.63 will resume the rally from 152.25 and target 157.65 first. Overall, with 38.2% retracement of 139.87 to 159.44 at 151.96 intact, rise from 139.87 is expected to resume…
EUR/USD’s fall from 1.2081 extended lower last week but recovered after hitting 1.1740. Initial bias is turned neutral this week first. But risk will stay on the downside as long as 1.1928 resistance holds. Below 1.1740 will target 1.1576 support next. Firm break there should confirm rejection by 1.2 key psychological level and turn near…
Daily Pivots: (S1) 0.8729; (P) 0.8740; (R1) 0.8756; More… Intraday bias in EUR/GBP remains neutral with focus on 0.8744 resistance. Decisive break there should confirm that fall from 0.8863 has completed as a correction. Further rally should then be seen back to retest 0.8863 high. On the downside, sustained break of 38.2% retracement of 0.8221…
Daily Pivots: (S1) 181.94; (P) 182.54; (R1) 183.08; More… Intraday bias in EUR/JPY remains mildly on the upside for the moment. Corrective fall from 186.86 could have completed after drawing support from 38.2% retracement of 172.24 to 186.86 at 181.27. Further rise should be seen to retest 186.22/186.86 resistance zone first. One the downside, however,…
JPY and EUR are giving back their safe-haven status to USD. USDJPY is rising amid slowing Japan inflation. Growing geopolitical tensions in the Middle East and the Fed’s reluctance to resume its cycle of monetary expansion are driving the US dollar towards its best weekly performance in four months. According to a Wall Street Journal…
As seen on the XAG/USD chart, silver has today breached the upper boundary of the descending channel formed by February’s lower highs and lows. Bullish sentiment is supported by heightened geopolitical tensions and rising demand for safe-haven assets. According to media reports: → On Thursday, US President Donald Trump warned Iran that it must reach…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Seven reality stars and influencers have pleaded guilty to the illegal promotion of foreign exchange trading on Instagram. Lauren Goodger,…
Metals are slowly recovering after their high-paced deleveraging from late January trading. Establishing consolidative ranges and holding tight right around their 2026 opening levels, the Precious Commodities are facing key technical tests in their historic runs. Indeed, after their shocking up-and-down performances in the first two months of the year, it is even more astonishing…