EUR/GBP trimms earlier losses as the Pound struggles amid ongoing UK fiscal uncertainty. BoE’s Ramsden expects wage and service price pressure to continue easing, leaving room for further monetary policy easing. Traders await the Eurozone flash inflation readings and UK final Q2 GDP for fresh policy clues. The Euro strengthens against the British Pound on […]
AUD/JPY may find primary support at the 50-day EMA of 95.07. The 14-day Relative Strength Index is positioned on the 50 mark, indicating a neutral bias. The immediate resistance appears at the nine-day EMA of 95.98. AUD/JPY continues to gain ground for the second successive day, trading around 95.90 during the European hours on Wednesday.
EUR/JPY trades on a positive note near 172.40 in Wednesday’s Asian session. Japan’s Ishiba is reported to step down by the end of August, weighing on the Japanese Yen. The ECB is expected to hold rates at the July meeting on Thursday. The EUR/JPY cross pares losses to around 172.40 during the Asian trading hours
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
EUR/JPY gathers strength to around 171.65 in Friday’s early European session. The cross maintains a constructive view above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level is seen at 172.00; the initial support level is located at 170.00. The EUR/JPY cross gains ground to near 171.65 during the
EUR/JPY trades near 170.00, its highest level since July 2024, on Friday. Soft Japanese data and steady BoJ stance undermine Yen demand. The euro remains firm despite a drop in Eurozone economic sentiment. The Euro (EUR) strengthens against the Japanese Yen (JPY) on Friday, with the EUR/JPY pair climbing toward levels not seen since July
AUD/JPY trades above 94.00 as improved risk sentiment and stronger-than-expected China Retail Sales support the Aussie. The Bank of Japan is expected to hold its rates at 0.50% on Tuesday, which could support the strength of AUD/JPY. The Australian Dollar remains firm on diverging policy outlooks between the RBA and BoJ. AUD/JPY is trading firmer
GBP/JPY loses ground to around 195.65 in Tuesday’s early European session. UK Unemployment Rate rose to 4.6% in three months to April; Claimant Count Change came in at 33.1K in May. Hawkish BoJ expectations support the Japanese Yen and act as a headwind for the cross. The GBP/JPY cross weakens to near 195.65 during the
EUR/JPY trades in negative territory near 163.25 in Friday’s early European session. The positive view of the cross prevails above the key 100-day EMA, but the RSI indicator suggests neutral momentum. The first upside barrier is seen at 164.26; the initial support level is located at 162.10. The EUR/JPY cross attracts some sellers to around 163.25
EUR/GBP trades flat around 0.8390 in Tuesday’s early European session. Optimism surrounding the EU-US trade deal could support the Euro in the near term. Stronger-than-expected UK CPI and Retail Sales have raised the prospect of a BoE rate cut delay. The EUR/GBP cross holds steady near 0.8390 during the early European session on Tuesday. Traders
AUD/NZD trades near the 1.0900 zone with minor losses on Friday. The pair maintains a bullish outlook despite mixed short-term signals. Key support is clustered below 1.0880, with resistance near 1.0920. The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the
EUR/JPY was seen around the 163.00 zone after retreating during Monday’s session. Broader bias stays bullish, with downside limited by upward-trending averages. Price holds above key supports, while resistance aligns with short-term recovery targets. The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian
AUD/NZD was seen around the upper end of its daily range on Friday. The pair maintains a bullish outlook supported by short-term trend signals. Technicals show mixed bias across indicators, with resistance seen above and long-term averages still pressuring. AUD/NZD is displaying upward momentum ahead on Friday’s session, trading near the top of its daily
EUR/GBP may depreciate due to weaker-than-expected preliminary April HICP data from the Eurozone’s largest economies. Markets have largely priced in a 25 basis point rate cut by the ECB at its June meeting. The Pound Sterling weakens as markets are now anticipating a BoE 25 basis point rate cut in May. EUR/GBP holds ground for
EUR/JPY was observed trading around the 162.00 region, experiencing a slight pullback on the day. The overall technical analysis points towards a prevailing bullish sentiment for the currency pair. Key Simple Moving Averages indicate buying interest, while the Relative Strength Index is neutral, and the Moving Average Convergence Divergence suggests selling pressure. In the lead-up
AUD/JPY trades near the 91.00 zone after bouncing within Wednesday’s range. The broader trend remains bearish amid pressure from longer-term moving averages. Key resistance is seen near the 91.20–91.80 zone, with support near 90.70. The AUD/JPY pair was seen around the 91.00 zone in Wednesday’s session, staging a modest intraday advance ahead of the Asian
AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with
