US 500 Index Recoups Some Losses in Short-Term

AUDCHF broke support level 0.5865 Likely to fall to support level 0.5735 AUDCHF currency pair recently broke the key support level 0.5865 (which stopped the previous correction (A) in the middle of June). The breakout of the support level 0.5865 coincided with the breakout of the 50% Fibonacci correction of the previous sharp upward impulse […]

Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The US Manufacturing PMI could decline from 51.3 to 51.0 in July 2024 (Preliminary). USD/JPY Technical Analysis The US Dollar remained […]

The GBPJPY pair, representing the exchange rate between the British Pound and the Japanese Yen, is a pivotal gauge of economic interactions between the United Kingdom and Japan. The British Pound is influenced by domestic factors such as political stability, financial data, and decisions of the Bank of England, particularly in terms of interest rate […]