USD/JPY drops from 150.91 to 147.28 on soft Nonfarm Payrolls. Pair falls below 200-day and 20-day SMAs, RSI turns bearish. Next key support sits at 145.71, where 50- and 100-day SMAs converge. The USD/JPY is set to end the week with losses of 0.18% after a worse-than-expected employment report in the United States (US) opened…
EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets. EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains. EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades. The Euro (EUR) is edging higher against the Swiss Franc (CHF). On…
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US CPI rises to 2.7% YoY, first meaningful jump in five months. Core inflation sticks at 2.9%, reinforcing Fed’s cautious stance. UK growth concerns deepen as BoE rate cut bets rise to two by year-end. The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed…
EUR/CHF remains locked in a descending triangle pattern, with price consolidating around 0.9300. The Euro remains under pressure against the Swiss Franc due to the bearish structure. Momentum indicators continue to reflect that bearish bias remains intact. The Euro (EUR) is trading in a narrow range against the Swiss Franc (CHF) on Tuesday, with price…
USD/CHF capped by 20-day SMA and April trendline near 0.8000. RSI hints at building bullish momentum, though still below neutral. Bearish continuation may target July lows at 0.7919 and 0.7872. The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood…
AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a…
GBP/USD slips 0.07% after hitting 1.3788; stalls just shy of psychological 1.3800 level. US JOLTS job openings hit 7-month high; ISM manufacturing improves slightly but remains in contraction. BoE’s Bailey signals softening labor market; UK Manufacturing PMI holds steady at 47.7. The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new…
USD/CAD trades near 1.3575 as markets digest a mixed US Retail Sales ahead of Wednesday’s Fed rate decision. Elevated Oil prices and geopolitical risks in the Middle East limit losses for the Canadian Dollar. USD/CAD remains in a descending wedge, while the Relative Strength Index signals a pause in bearish momentum. The Canadian Dollar (CAD)…
USD/CHF closes Friday up 0.04%, but logs 1.37% weekly drop to 1-month low at 0.8054. Bearish structure persists: lower highs/lows and weak RSI signal continued downside momentum. Key support lies at 0.8054 and 0.8038; breach may expose psychological 0.8000 level. Bulls need a break above 0.8147 to challenge 0.8200 and the 50-day SMA near 0.8257….