AUDJPY Stalls Near 50-SMA Ahead of RBA Rate Decision

According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign. This has put pressure on other currencies paired with the dollar. Currently, the British […]

Weak Swiss inflation renewed the downward momentum of the franc, which is losing over 0.5% against the euro, sending EURCHF to highs last seen in May 2023. The Swiss Consumer Price Index was virtually unchanged for March, with annual inflation slowing to just 1.0% – the lowest since September 2021. The Swiss National Bank has […]

GBPUSD advances to its highest level since March 13 But then reverses lower as rally got overstretched Momentum indicators ease but remain in positive zones GBPUSD has been in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both the 50- and 200-day simple moving averages (SMAs). In the near term, […]