USD/JPY Nears Two-Month High: Why Yen Traders Are Cautious Going Long
The USD/JPY pair has recently neared a two-month high, reflecting the strength of the U.S. dollar and the weakness of the Japanese yen. This movement…
Category: Forex Education
GBP/USD Extends Drop to Fifth Day: What’s Driving the Sterling’s Decline and What Traders Should Expect
The GBP/USD pair has extended its losing streak, slipping under the 1.31 level for the fifth consecutive day. This ongoing decline in the value of…
USD/JPY Extends Slide to 147.15 as New Prime Minister Scraps Rate Hikes: What Traders Need to Know
The Japanese yen has recently experienced a significant slide against the U.S. dollar, extending its decline to 147.15 following an announcement from the new Prime…
Global Stocks Steady as Oil Gains Amid Middle East Tensions: What Traders Should Watch Next
Global financial markets are facing a new wave of uncertainty due to the recent escalation of tensions in the Middle East. Despite the potential for…
Dollar Gains as Powell Pushes Back on Jumbo Rate Cut Bets: What This Means for Traders
The U.S. dollar recently strengthened as Federal Reserve Chairman Jerome Powell pushed back against expectations of a significant rate cut. This move comes amidst ongoing…
Japanese Yen Starts the Week Muted After 3% Surge on Shigeru Ishiba’s Win: What Traders Need to Know
The Japanese yen (JPY) began the week with muted trading activity after a significant 3% rally following the election win of former defense minister Shigeru…
Dollar Weakens After Inflation Data, Yen Surges on Ishiba’s Win: What It Means for Traders
The U.S. dollar experienced a notable drop recently following the release of the latest U.S. inflation data, while the Japanese yen surged in value after…
Japan’s New PM Continues Rate Hikes: What It Means for Traders
As Japan gears up for the appointment of its next prime minister, financial markets are already buzzing with speculation about the country’s monetary policy direction.…
EUR/USD on the Verge of 14-Month High: Key Resistance Levels Ahead
The EUR/USD currency pair is approaching a significant milestone as the euro nears its strongest level in 14 months. As the pair inches closer to…
GBP/USD Surges to 30-Month High: Central Bank Divergence Fuels Sterling’s Rise
The GBP/USD currency pair recently hit a 30-month high, with the British pound rallying to 1.3370 against the U.S. dollar. This significant movement can be…