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Chart of The Day – EUR/USD

EURUSD reapproaches key resistance near 1.16 despite speculated options market correction and higher U.S. interest rates. However, the European Central Bank…

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US Dollar Index holds steady above 98.00 on heightened Middle East geopolitical tensions

The US Dollar Index flat lines around 98.15 in Monday’s early European session.  The Fed is expected to keep interest rates steady…

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GBP/USD Price Treads water above 1.3550, nine-day EMA

GBP/USD may test the 1.3632, the fresh highest since February 2022. The 14-day Relative Strength Index remains above 50, suggesting…

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EUR/USD Ascending channel favors bulls ahead of the key central bank event risk

EUR/USD kicks off the new week on a softer note amid a modest USD uptick. The lack of follow-through selling…

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USD/CAD rebounds to near 1.3600 as Oil prices correct downwards, G7 Summit eyed

USD/CAD edges higher as the commodity-linked CAD struggles due to lower Oil prices. WTI price may regain its ground amid…

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GBP/USD consolidates around mid-1.3500s ahead of this week’s key data/central bank event risks

GBP/USD kicks off the new week on a softer tone amid rising geopolitical tensions. The USD struggles to gain any…

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NZD/USD remains above 0.6000, moves little after China’s economic data release

NZD/USD remains silent amid escalating geopolitical tensions in the Middle East. China’s Retail Sales advanced 6.4% YoY in May, against…

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EUR/USD remains subdued near 1.1550 due to rising Israel-Iran tensions

EUR/USD faces challenges due to escalating geopolitical tensions in the Middle East. Israel and Iran continue to attack each other,…

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AUD steadies following mixed economic data from China

The Australian Dollar declines due to risk aversion amid escalating Israel-Iran tensions. China’s Retail Sales climbed 6.4% YoY in May,…

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JPY remains on the back foot ahead of the crucial BoJ policy meeting

The Japanese Yen kicks off the new week on a weaker note, though the downside seems limited. Rising geopolitical tensions…

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