Pound Sterling Holds Firm Ahead of Key UK Economic Events
The British Pound showed notable resilience against the U.S. Dollar, closing the week at 1.3102 as investors await key UK economic and policy announcements.
#GBP/USD#Forex#Bank of England
#Currency Trading
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Dollar Extends Gains Against Yen Above Key 155 Level
The U.S. dollar continues its steady ascent against the Japanese yen, holding firm above the key ¥155 level due to a wide interest rate differential.
#USD/JPY#Forex#Monetary Policy
Aussie Dollar at a Crossroads as Key Data Looms
The Australian dollar is holding at a critical 0.6500 support level as traders await key jobs data and signals from the U.S. Federal Reserve.
#AUD/USD#Forex#Reserve Bank of Australia
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
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