The US dollar edged higher supported by better-than-expected initial jobless claims. The pair continues its journey upward from the demand zone near 0.9200. The rally is gaining momentum after a break above 0.9280. 0.9370 from a previously botched rebound is a major hurdle. In fact, its breach could flush out remaining selling interests. Then last […]
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The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic Read more…
EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple Read more…
USDCAD posts losses after 4½-year high RSI and stochastics confirm negative move USDCAD is moving lower after the bullish spike to the fresh four-and-a-half-year high of 1.4176, falling beneath the 1.4000 round number. The market Read more…