Article Category: forex

The USD/MXN pair edged higher on Friday, though the recent uptick in spot prices appears to lack follow-through buying, reflecting a cautious market stance ahead of major central bank events. During the early Asian session, the pair attracted some dip-buying near the 18.7375 area, temporarily snapping a two-day losing streak.  Despite this modest recovery, spot...

The NZD/USD currency pair extended its downside pressure on Friday, trading near 0.5815 during early Asian session hours, marking its lowest level since April 11. The New Zealand Dollar (NZD) weakened against the US Dollar (USD) as the Reserve Bank of New Zealand (RBNZ) delivered a dovish policy message, cutting interest rates and hinting at...

The USD/CHF currency pair surged 0.56% on Thursday, trading at 0.8087 after decisively breaking above the 20-day simple moving average (SMA) at 0.8076. This technical breakthrough signals a strengthening bullish momentum, as market participants react to mixed US economic data that has prompted investors to trim dovish Federal Reserve expectations for the upcoming September monetary...

The Japanese Yen (JPY) remains under pressure, failing to attract meaningful buying interest despite slightly higher-than-expected inflation figures.  The persistent uncertainty over the timing of the next Bank of Japan (BoJ) rate hike continues to weigh on the JPY, while a broadly firmer US Dollar (USD) provides support to the USD/JPY currency pair, pushing it...

West Texas Intermediate (WTI) crude oil prices remained relatively stable near $63.50 on Friday, after two days of gains, as optimism surrounding an immediate Russia-Ukraine peace deal continues to fade.  During Asian trading hours, WTI hovered around $63.40, reflecting a market balancing geopolitical risks, supply disruptions, and evolving macroeconomic indicators. Broker Anthony Trevino at ProDivia...

The cryptocurrency market faced renewed turbulence this week as Ripple’s (XRP) ongoing legal saga intersected with fresh SEC delays on XRP-spot ETF approvals, while Bitcoin (BTC) struggled ahead of Fed Chair Jerome Powell’s Jackson Hole speech.  Investor sentiment has been rattled, reflecting broader market fragility across digital assets. Daniel Morris, a ProDivia Group broker, shares...

BNB Coin (BNB) has been making headlines as it surges to new all-time highs and demonstrates strong network activity. Just 14 hours ago, BNB reached $882.60, marking its highest price ever and positioning it among the top-performing assets in the top 5 cryptocurrencies.  Year-to-date (YTD) gains of 20.5% put it just shy of Bitcoin’s (BTC)...

The EUR/JPY currency pair has gained momentum in early trading, gathering strength near 172.60 during Monday’s Asian session, up approximately 0.20% on the day. The technical outlook remains constructive as the pair continues to benefit from a risk-on market sentiment, alongside ongoing uncertainty regarding the Bank of Japan’s (BoJ) interest rate policy.  Liam Gerald, a...

The Japanese Yen (JPY) continues to drift lower against a mildly positive US Dollar (USD) during the Asian session on Monday, reflecting a combination of receding safe-haven demand and ongoing uncertainty over Bank of Japan (BoJ) rate hikes.  While the USD/JPY pair maintains modest intraday gains, market participants are cautious, and JPY bears appear non-committal...

The EUR/USD currency pair remains under the spotlight as traders focus on critical technical levels and ongoing market momentum. Following a notable 0.5% gain in the previous session, EUR/USD edged lower during Asian trading hours, hovering around 1.1710.  Despite this minor pullback, technical indicators suggest that the bullish bias continues to dominate, with price action...