Article Category: forex

The USD/CAD currency pair entered the new week on the back foot, extending last Friday’s steep decline triggered by dovish guidance from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium.  The pair retreated almost 0.8% to near 1.3820 on Friday and continues to show weakness in the Asian session on Monday, reflecting broad...

The USD/JPY currency pair traded close to 147.40 during the Asian session on Monday, recovering after registering around 1% losses in the previous session. The rebound highlights renewed US Dollar (USD) demand in early trading.  However, the upside momentum appears constrained, as investors weigh the hawkish tone from the Bank of Japan (BoJ) alongside shifting...

The NZD/USD currency pair held relatively steady near 0.5850 in Monday’s Asian session, with only limited price movement following the release of New Zealand’s Q2 Retail Sales report.  While the data showed an improvement compared to forecasts, the broader outlook for the pair remains tied to monetary policy expectations from both the Reserve Bank of...

The GBP/USD pair edged lower during the Asian session on Monday, extending its weakness toward 1.3495 as renewed US Dollar (USD) demand put pressure on the major pair. Despite the selling bias, dovish signals from the Federal Reserve (Fed) may help cushion deeper losses.  With traders closely watching upcoming US macroeconomic data, the short-term trajectory...

The EUR/USD currency pair retreated to around 1.1700 during early Asian trading hours on Monday, following a strong advance to a four-week high of 1.1742 on Friday. The recent pullback reflects a delicate balance between market optimism, central bank communications, and macroeconomic data expectations in both the United States and the Eurozone.  The pair’s short-term...

Silver prices extended their gains for the third consecutive day on Friday, trading around $38.70, up approximately 1.2%. The precious metal’s bullish momentum came as markets digested Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium, which were widely interpreted as dovish and supportive of a potential monetary policy easing in...

Bitcoin (BTC/USD) is currently experiencing intensifying selling pressure near the $112,000 level, a resistance zone that has repeatedly tested the market’s strength. BTC declined toward this critical area, reflecting short-term bearish momentum. Traders are closely observing whether BTC can hold above this resistance or if a breakdown could trigger a drop to the $110,000 mark. ...

The cryptocurrency market entered a turbulent phase last week as XRP faced notable selling pressure following the Ripple case resolution, while Bitcoin (BTC) experienced a dramatic flash crash triggered by a single whale transaction. Investors are now closely monitoring the SEC’s crypto ETF framework, spot ETF approvals, and broader macroeconomic signals that could shape crypto...

Bitcoin (BTC) faced renewed selling pressure on August 23, falling 1.26% to close at $114,679, extending its struggle to reclaim the $120,000 level for the ninth consecutive session. After Friday’s 3.27% rally, sparked by Fed Chair Jerome Powell’s comments, BTC momentum stalled as market participants digested rising concerns over institutional demand and ETF outflows. The...

XRP continues to capture market attention as bulls remain cautiously optimistic, with the $3 support level emerging as a critical price floor. Following Ripple’s legal victory in the long-running SEC case, market participants are increasingly focused on the potential approval of a spot XRP ETF, signaling renewed institutional interest and trading activity. This insightful publication...