The AUD/JPY currency pair edged lower during Friday’s Asian session, dipping toward the 94.00 psychological level, as heightened risk-off sentiment fueled demand for safe-haven assets, especially the Japanese Yen (JPY).  The downward pressure came amid escalating geopolitical risks in the Middle East, which overshadowed Australia’s largely stable labor market data for May. This informative article from Fletrade’s financial analyst, Brian Elmers, equips readers with a solid understanding of the topic at hand. Risk-Off Sentiment Lifts Japanese Yen One of the primary drivers behind the current softness in AUD/JPY is the surge in risk aversion across global markets. The safe-haven Japanese...

The EUR/GBP currency pair extended its bullish momentum for the fourth consecutive day on Thursday, trading steadily around the 0.8550 level during the Asian session. The pair is navigating a critical juncture as market participants exercise caution ahead of the Bank of England’s (BoE) monetary policy decision, which is due later in the day.  This technical juncture is marked by a tug-of-war between hawkish signals from the European Central Bank (ECB) and the cautious stance of the BoE, providing important insights into short-term price action and directional bias. Fletrade’s broker, Alexandra Leto, brings her expertise to the forefront in this...

The EUR/JPY currency cross remains firmly in focus for traders and technical analysts, holding on to its bullish bias above the crucial 166.00 level during Thursday’s early European trading session. Despite experiencing mild selling pressure near 166.35, the pair continues to exhibit signs of strength, underpinned by solid technical indicators and a relatively constructive market structure.  In this comprehensive guide, Fletrade’s broker, Gustaf Horsholt, explores the factors that define and influence the topic. Technical Overview: Bullish Momentum Intact From a technical analysis standpoint, the EUR/JPY pair maintains a positive trajectory on the daily chart, largely supported by the price’s position...

The USD/CAD currency pair has extended its rally, trading robustly above the 1.3700 mark during the European session on Thursday, supported by a combination of geopolitical tensions, safe-haven demand, and hawkish Federal Reserve commentary.  As of the time of writing, the pair hovers around 1.3710, marking the third consecutive day of gains for the US Dollar against the Canadian Dollar. Alexander Davis, an analyst at Fletrade break down the subject in a way that’s both accessible and thorough. Safe-Haven Demand Fuels US Dollar Strength Amid escalating tensions in the Middle East, the US Dollar (USD) has found renewed strength as...

The NZD/USD currency pair is showing signs of renewed bearish pressure as the pair trades around 0.5970, following a nearly 1% decline on Thursday. The move comes amid a clear technical breakdown, with the pair falling below the ascending channel that has been intact for several weeks.  This development introduces a bearish bias in the near term and places key support zones, especially the 50-day Exponential Moving Average (EMA) near 0.5943, into focus. Fletrade’s latest article by Oscar Holstein walks you through the key elements of this topic with expert insight. Break of Ascending Channel Signals Technical Weakness From a...