Crude Oil –09.05.2025 – Orbex Forex Trading Blog

The USD/JPY chart shows that yesterday (3 October), the price slightly surpassed the 147.230 level, marking the highest point since 3 September. This is significant as it indicates a new swing high, identified by the ZigZag indicator (in purple), which hasn’t been seen in months. Bullish arguments for the USD/JPY chart today: → The price…

Friday’s close was 7.0063. Since then: Added: the People’s Bank of China injects 482.3bn yuan via 7-day reverse repos in open market operations, rate remains 1.4% after maturities today the net injections in 415bn yuan – The People’s Bank of China daily USD/CNY reference rate is a fixing that remains one of the most closely…

Napier barracks, one of the first mass accommodation sites opened to house asylum seekers, will not be closing as planned in the coming weeks, as the government attempts to deal with an influx of small boats arrivals. Officials informed parliament in a Home Office document uploaded to parliament’s cross-party home affairs committee in March 2025…

The US dollar weakened further against the major currencies today, extending the declines that began during yesterday’s US trading session. The most notable gains came from the New Zealand dollar, up 0.41%, and the Australian dollar, up 0.40% versus the greenback. Elsewhere, the dollar was little changed against the British pound and slipped only modestly—around…

GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP is declining and trading below the 0.8725 support zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today · The British Pound is showing bearish signs below 1.3500. · There is a key bearish trend line forming with resistance near 1.3470 on the hourly chart…