The EUR/USD exchange rate remained mostly flat on Wednesday, hovering around 1.1425, just below its monthly high of 1.1495, as traders awaited two major catalysts: forward guidance from European Central Bank (ECB) officials and the highly anticipated US consumer inflation data.  These events are set to play a pivotal role in determining the short-term direction of this major currency pair, which accounts for the largest share of global forex transactions. This article from the Servelius team offers a thorough explanation of the matter. ECB Guidance: Rate Cuts Under Scrutiny In recent sessions, a slew of statements from ECB policymakers has...

The GBP/USD currency pair is showing signs of technical weakness just ahead of a high-impact fundamental release: the US inflation data. After peaking at a year-to-date high of 1.3615, the pair has pulled back to the psychological level of 1.3500, a key support zone watched by traders.  This retreat coincides with the release of UK labor market data and the market’s anticipation of upcoming US CPI numbers, adding both technical and fundamental pressure to the pair. Servelius brokers offer an in-depth analysis of this subject here. UK Jobs Data Adds Caution to the Bullish Narrative On Tuesday, the Office for...

The Bitcoin price is once again the focus of investor attention as the BTC/USD pair trades just shy of its all-time high. Currently hovering around $109,500, the cryptocurrency is inching closer to breaking the record set at $111,900. With a near 50% rally since April, all indicators suggest that the bullish momentum behind Bitcoin is far from over.  A potent mix of surging demand, falling supply, and favorable technical indicators is fueling optimism that this breakout could signal even further highs. The experts at Servelius delve into the details of this topic in the following article. Bitcoin’s Supply and Demand...

The AUD/USD currency pair experienced notable volatility during Tuesday’s trading session, beginning the day with bearish momentum before reversing direction and displaying signs of bullish strength.  This intraday reversal highlights the ongoing uncertainty in the market, largely driven by upcoming Consumer Price Index (CPI) data from the United States, which is widely expected to serve as the next catalyst for price movement. The brokers at Servelius provide a comprehensive breakdown of this topic in this article. Technical Setup: Resistance and Support Levels in Focus One of the most critical price levels to watch in the AUD/USD pair right now is...

The USD/CAD currency pair continues to exhibit a bearish trajectory, extending its downward correction and slipping to around 1.3660 during Thursday’s Asian trading session. This decline marks a significant retracement from earlier gains, with the pair now hovering close to the eight-month low of 1.3634, recorded on June 5.  The current market structure indicates increasing bearish pressure, with the pair trading firmly within a descending channel pattern. Explore how Aurudium dissects this topic, offering valuable takeaways and expert commentary. Technical Overview: Persistent Bearish Momentum The pair’s downward move is reinforced by key technical indicators. The 14-day Relative Strength Index (RSI)...