Euro Falls Below 1.1600 as Dollar Strength Persists
The Euro has fallen below the critical 1.1600 support level against the US Dollar, signaling a bearish turn as the pair trades below key moving averages.
#EUR/USD#Forex#Technical Analysis
#Currency Trading
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EUR/USD Consolidates Near 1.1600 as Key Technical Levels Emerge
The EUR/USD currency pair is consolidating near the 1.1600 level, caught between key resistance at 1.1670 and critical support at 1.1550.
#EUR/USD#Forex#Technical Analysis
USD/JPY Expected to Trade in Narrow Range
UOB Group analysts predict the USD/JPY pair will likely trade in a range of 151.30 to 152.70 in the short term, following a surprise dip.
#USD/JPY#Foreign Exchange#Currency Trading
NZDUSD Breaks Key Support, Eyes Further Declines to 0.5660
The NZDUSD currency pair has breached a critical support zone around 0.5750, signaling a potential acceleration of its downtrend toward the 0.5660 level.
#NZDUSD#Forex#Technical Analysis
Global Currency Trading Volume Hits Record $9.6 Trillion Daily
Global foreign exchange trading hit a record $9.6 trillion per day in April, a 28% jump from 2022, driven by trade policy volatility, a new BIS survey shows.
#Foreign Exchange#Currency Trading#US Dollar
Dollar and Yen Weaken as Markets Await Fed and BoJ Decisions
The U.S. dollar and Japanese yen declined as traders anticipate a key interest rate decision from the Federal Reserve, creating distinct trading patterns in major currency pairs.
#Forex#USD/JPY#Federal Reserve