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...

The GBP/JPY currency pair continues its slide for the third consecutive session, dipping below the key 194.50 support level in Thursday’s early European trading. The sustained downward pressure on the British Pound (GBP) relative to the Japanese Yen (JPY) reflects a combination of geopolitical instability, diverging monetary policy expectations, and shifting investor sentiment ahead of the Bank of England (BoE) rate decision later today.  Discover how Fletrade’s trading expert, Magnus Tarvas, approaches this subject with depth and precision in their latest article. Geopolitical Uncertainty Undermines Risk Appetite Heightened geopolitical risks stemming from the Israel-Iran conflict have introduced substantial volatility across...

Silver (XAG/USD) prices have experienced a sharp decline, falling nearly 1% to trade around $36.25 during Thursday’s European session. This downturn comes amid escalating geopolitical tensions in the Middle East, which would typically provide support for safe-haven assets such as silver.  However, a complex mix of macroeconomic, geopolitical, and technical factors has driven selling pressure in the silver market, overshadowing its traditional role as a hedge during crises. This piece by Lily Chan, a senior executive from Fletrade, sheds light on the topic, offering clarity through concise analysis. Geopolitical Tensions Fail to Lift Silver In a development that would usually...