USD/JPY recovers as traders buy the dip


USD/JPY staged a recovery as traders seized the opportunity to buy the dip in the currency pair. After a period of decline, the pair saw renewed interest from investors looking to capitalize on the lower price levels. One of the factors contributing to the recovery of USD/JPY was the return of risk appetite in the…

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EUR/JPY extends recovery above 168.00 on upbeat Eurozone data


EUR/JPY continued its upward trajectory, surpassing the key level of 168.00, buoyed by encouraging economic data from the Eurozone. The euro found support as the region’s economic indicators painted a positive picture, fueling optimism among investors. One of the primary drivers behind the euro’s strength was the upbeat Eurozone data, including robust manufacturing and services…

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Gold price edges higher amid heavy USD selling in Japan

Gold Price

In the bustling financial landscape of Japan, the price of gold has taken center stage as it edges higher amidst a flurry of heavy selling in the USD. The latest market reports indicate a notable uptick in the value of gold, buoyed by a significant shift in currency dynamics. The Japanese yen, long considered a…

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USD/CAD sticks to modest recovery gains, remains below 1.3700 ahead of US data


The USD/CAD currency pair continued to cling to its modest recovery gains, albeit staying below the crucial 1.3700 level, as traders adopted a cautious stance ahead of key economic data releases from the United States. Throughout the trading session, the pair showed resilience, gradually clawing back some ground following recent losses. However, despite the uptick,…

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EUR/USD recovers after US economic myth dented


In a dramatic turn of events, the EUR/USD currency pair staged a significant recovery following a series of revelations that cast doubt on the perceived invincibility of the US economy. The pair, which had been under pressure due to a strong dollar, saw a reversal as confidence in the euro surged amidst growing skepticism about…

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USD/INR loses traction, eyes on potential RBI intervention

USD/INR loses traction

The USD/INR pair experienced a declining momentum, with market attention turning towards potential intervention by the Reserve Bank of India (RBI). The Indian rupee exhibited strength against the US dollar, reflecting positive sentiment in the local currency markets. Analysts speculate that the recent shift in the pair could prompt the RBI to step in to…

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Forex Today: UK inflation data support Pound Sterling, US Dollar consolidates before Fedspeak

UK inflation data

In today’s forex markets, the Pound Sterling finds support following the release of encouraging UK inflation data. The Office for National Statistics reported that inflation rose to 2.5% in March, surpassing expectations and fueling optimism about the UK economy’s recovery from pandemic-induced lows. This uptick in inflation adds pressure on the Bank of England to…

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AUD/JPY falls to near 99.00 amid market caution, awaits Israel’s reaction to Iran’s attack


The AUD/JPY pair has experienced a notable decline in the latest market developments, edging closer to the 99.00 mark. This downturn comes amidst a backdrop of cautious sentiment prevailing in the market. Investors closely monitor geopolitical tensions, particularly the escalating situation between Israel and Iran. The recent attack by Iran has heightened uncertainty, prompting a…

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ECB SPF survey: Eurozone inflation seen falling to 2.0% this year

ECB SPF survey

The latest European Central Bank (ECB) Survey of Professional Forecasters (SPF) reveals a notable projection regarding Eurozone inflation, indicating an anticipated decline to 2.0% for the current year. This prediction marks a significant shift from previous expectations and suggests a potential easing of inflationary pressures within the Eurozone. The downward revision in inflation forecasts could…

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AUD/USD Price Analysis: Bears await sustained break and acceptance below 0.6500 mark

AUD/USD Price Analysis

In the ever-evolving landscape of currency markets, the AUD/USD pair remains under scrutiny as bears eagerly await a decisive breach beneath the critical 0.6500 mark. As of the latest analysis, the pair has been hovering precariously close to this psychological threshold, tantalizing traders with the potential for a significant downturn. The Australian dollar (AUD) has…

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