TL;DR: USD/JPY has recovered a third of last week’s intervention-driven losses, but Friday’s payrolls report sets up an asymmetric trade — a strong print faces profit-taking near 160 on intervention risk, while a weak print has a clear, undeterred path back to 155. A Recovery That Faces Its First Real Test USD/JPY has recovered roughly…
Silver (XAG) continues to follow our Elliott Wave outlook after completing the wave ((iv)) pullback at 60.8514. Buyers have driven the metal higher into the final five-wave advance in wave ((v)). The corrective rally is now entering its final stage. Although the short-term trend remains bullish, the Elliott Wave structure points to limited upside. We…
Image used for representational purposes. File | Photo Credit: Reuters The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the U.S. dollar in early trade on Friday (August 7, 2026), tracking a firmer dollar and a rise in U.S. treasury yields. Forex traders said dollar demand from importers and profit-taking…
Key Highlights USD/JPY started a recovery wave from the 155.25 zone. It cleared a short-term contracting triangle with resistance at 158.00 on the 4-hour chart. EUR/USD could correct some gains from the 1.1565 resistance. The US nonfarm payrolls could change by 80K in July 2026. USD/JPY Technical Analysis The US Dollar tumbled and tested 155.25…
Created on August 06, 2026 Potential signal: I am a buyer of this pair above the 182.50 level, with a stop loss at the 181.33 level, and a target of 184.50 above. EUR/JPY The euro initially pulled back against the Japanese yen during early trading on Wednesday as we continue to see the currency market…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields. Forex traders said the rupee was pressured by a…
Created on August 06, 2026 The US dollar dropped slightly on Wednesday, as we continue to dance around the 200 Day EMA USD/JPY The US dollar has pulled back ever so slightly against the Japanese yen and some other currencies as well, as the interest rates initially fell during the trading session. But as we…
Created on August 06, 2026 The euro has a habit of looking like it is about to move, and then not moving at all. Every attempt to break away from its recent range fades almost as quickly as it starts, leaving traders guessing whether anything has genuinely changed beneath the surface. That kind of hesitation…
DUBAI, United Arab Emirates, Aug. 06, 2026 (GLOBE NEWSWIRE) — Forex Expo Dubai has announced a Gold Lucky Draw for its 9th Edition, offering eligible Verified Traders, Introducing Brokers (IBs), and Affiliates the opportunity to win a share of 150 grams of 24K gold during the event. The Gold Lucky Draw will take place during…
Leading online broker XM has announced that it has introduced GOLD24-7, a new Gold trading instrument that gives traders access to Gold markets seven days a week. Unlike traditional Gold CFDs, which follow standard market hours, GOLD24-7 allows traders to continue trading Gold over the weekend. “Markets don’t stop generating news simply because it’s the…