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USD/JPY Forex Signal: US Dollar Continues To Pound The Japanese Yen
Article By:
Christopher Lewis
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Thursday, April 18, 2024 6:34 AM EDT
I am still very bullish of this pair and now I am paying close attention to the ¥155 level. If we can break above there, I will be a fire again, adding to an already existing position.
USDJPY At A Crossroads: Uptrend Consolidation Or Deeper Pullback?
Article By:
ForexCycle
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Thursday, April 18, 2024 6:18 AM EDT
USDJPY has reached a critical juncture, facing a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair.
Daily Market Outlook - Thursday, April 18
Article By:
Patrick Munnelly
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Thursday, April 18, 2024 5:45 AM EDT
Asian stocks rose on Thursday as authorities' resistance to a strengthening dollar helped stabilize exchange rates and restore public confidence in the region's financial systems.
British Pound Shows Signs Of Recovery Amid Favorable Inflation Data
Article By:
Andrey Goilov
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Thursday, April 18, 2024 5:30 AM EDT
The British Pound is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilizing around the 1.2470 mark on Thursday.
USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking
Article By:
Yohay Elam
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Thursday, April 18, 2024 5:25 AM EDT
The dollar retreated on Tuesday as investors paused after a steep rally. Hawkish Fed remarks that changed the outlook for rate cuts in the US. Recent inflation data from Canada revealed a decline in price increases.
Two Trades To Watch: EUR/USD, Oil Forecast - Thursday, April 18
Article By:
Fiona Cincotta
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Thursday, April 18, 2024 5:15 AM EDT
EUR/USD rises as the USD rally pauses. Oil steadies after a steep fall yesterday.
GBP Setbacks Should Keep Finding Support Ahead Of 1.2000
Video By:
LMAX Group
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Thursday, April 18, 2024 4:35 AM EDT
there's really been no change to the big picture Sterling dollar Outlook the market put in a record low back in 2022 and recovered all the way up to the 2023 High just over 130.
GBP/USD Forex Signal: Bearish Flag Pattern Points To More Downside
Article By:
Crispus Nyaga
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Thursday, April 18, 2024 4:07 AM EDT
The GBP/USD exchange stabilized as the recent sell-off took a breather after the latest UK inflation data and a statement by Andrew Bailey.
EUR/USD Price Analysis: Extends Recovery, The First Upside Target Is Seen At 1.0700
Article By:
Lallalit Srijandorn
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Thursday, April 18, 2024 3:42 AM EDT
EUR/USD rebounds to 1.0688 amid the weaker US Dollar on Thursday.
FX Daily: Prospects Grow Of Joint Asian FX Intervention
Article By:
ING Economics
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Thursday, April 18, 2024 3:10 AM EDT
Amidst slightly calmer FX conditions, investor attention is drawn to an overnight press release from the Finance Ministers of Japan, Korea, and the US, where the Asian nations expressed their concerns over the recent depreciation of the yen and won.
EURUSD Rebounds: Downtrend Reversal Or Correction Within A Downtrend?
Article By:
ForexCycle
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Wednesday, April 17, 2024 11:50 PM EDT
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair.
Elliott Wave Theory Suggests EURJPY Remains Bullish
Video By:
Elliottwave Forecast
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Wednesday, April 17, 2024 11:10 PM EDT
The short-term Elliott Wave view in EURJPY suggests that a rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59, and wave ((x)) ended at 165.17.
EUR/USD Holds Above 1.0650 Amid Renewed Selling Pressure In US Dollar
Article By:
Lallalit Srijandorn
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Wednesday, April 17, 2024 8:50 PM EDT
The EUR/USD pair edges higher to 1.0672 on Thursday during the early Asian session. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar (USD) and a risk-friendly environment.
Swiss Franc-Remembering That Dream
Article By:
Michele Schneider
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Wednesday, April 17, 2024 7:30 PM EDT
With long bond yields softening a bit and the US dollar coming off its recent highs, I thought it might be fun to revisit this dream and update you on the current daily chart analysis.