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EUR/USD Price Forecast: Bears retain control below 200-SMA on H4; break of 1.1400 awaited
EUR Technical Analysis USD

EUR/USD Price Forecast: Bears retain control below 200-SMA on H4; break of 1.1400 awaited

EUR/USD struggles to gain any meaningful traction as traders keenly await the crucial ECB meeting. Reviving inflation fears bolster Fed...
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AUD/JPY Price Forecast: Gains ground above 113.50, bullish trend holds above 100-day SMA
AUD JPY Technical Analysis

AUD/JPY Price Forecast: Gains ground above 113.50, bullish trend holds above 100-day SMA

AUD/JPY gains traction to near 113.85 in Tuesdayโ€™s early European session.  The cross maintains a constructive tone above the 100-day...
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USD/CAD Price Forecast: Intraday positive move stalls ahead of 1.4100 confluence hurdle
CAD Technical Analysis USD

USD/CAD Price Forecast: Intraday positive move stalls ahead of 1.4100 confluence hurdle

USD/CAD builds on the previous dayโ€™s solid recovery from an over one-month trough. The fundamental backdrop favors bullish traders and...
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British Pound struggles as traders evaluate BoE policy, UK political developments
GBP USD

British Pound struggles as traders evaluate BoE policy, UK political developments

GBP/USD could further depreciate amid differing inflation trends and rate expectations between the BoE and Fed. Markets are monitoring fiscal...
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Australian Dollar strengthens above 0.7000 despite rising US-Iran tensions
AUD USD

Australian Dollar strengthens above 0.7000 despite rising US-Iran tensions

AUD/USD gains ground to around 0.7010 in Tuesdayโ€™s Asian session.  The US launches further strikes on Iran.  The RBA is...
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Swiss Franc weakens as safe-haven demand lifts US Dollar
CHF USD

Swiss Franc weakens as safe-haven demand lifts US Dollar

USD/CHF as safe-haven dollar demand grew amid US-Iran tensions. The CME FedWatch Tool shows September Fed rate hike odds rose...
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Chart of the Day: USDJPY โ€“ The Dollar Wins Another Round, but Tokyo Is Preparing a Response
JPY Technical Analysis USD

Chart of the Day: USDJPY โ€“ The Dollar Wins Another Round, but Tokyo Is Preparing a Response

The USDJPY market currently resembles another round of a fight between two heavyweight contenders. On one side stands the dollar,...
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South Korean Won Rises on Policy Support
KRW USD

South Korean Won Rises on Policy Support

The South Korean won strengthened to around 1,480 per dollar, rebounding from the previous session and approaching its highest level...
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Rupee Falls to 2-Month Low on Oil Surge
INR USD

Rupee Falls to 2-Month Low on Oil Surge

The Indian rupee fell to around 96.4 per dollar, reaching its lowest level since May as sentiment deteriorated after escalating...
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GBP holds steady near 1.3450 as US-Iran strikes intensify
GBP USD

GBP holds steady near 1.3450 as US-Iran strikes intensify

GBP/USD flatlines near 1.3450 in Mondayโ€™s early Asian session.  The US launched a new wave of Iran strikes on Sunday,...
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Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks
JPY USD

Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks

USD/JPY struggles to gain any meaningful traction amid mixed fundamental cues. Intervention risks hold back the JPY bears from placing...
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Canadian Dollar edges higher to near 1.4000 as crude oil gains
CAD USD

Canadian Dollar edges higher to near 1.4000 as crude oil gains

USD/CAD declines to around 1.4005 in Mondayโ€™s Asian session.  Iran said it targeted US aircraft in Jordan.  Cooling in Juneโ€™s...
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