[EUR/USD] Adjustment Before ECB Meeting
Yesterday, even though both the U.S. and Japan had holidays, the euro continued to struggle to rise. With expectations of a rate cut at the upcoming ECB (European Central Bank) …
[USD/JPY] Yen Weakens Amid Risk-On Sentiment
Yesterday, even though both Japan and the U.S. had holidays, the yen weakened as risk-on sentiment increased, while U.S. long-term interest rates rose. This caused the USD/JPY rate to climb …
[CAD/JPY] Canada CPI
Last week, Canada’s September employment report showed strong results, with an increase in the number of employed people and a decrease in the unemployment rate. As a result, the CAD/JPY …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
The EUR/USD exchange rate dropped below the neckline of $1.10, forming a double top around the early $1.12 range.Last week, U.S. long-term interest rates increased, leading to more dollar buying, …
[USD/JPY] 150 Yen Barrier
While expectations for a significant interest rate cut by the U.S. Federal Reserve (FRB) have faded, the Bank of Japan’s rate hike is also expected to take some time, partly …
Understanding about Support and Resistance lines
Hello Trader! 🌟 Have you tried trading with support and resistance lines? Understanding these key concepts is essential for accurate market analysis. Let’s dive into what support and resistance really …
[USD/JPY] Remains Steady Before Important U.S. Inflation Report
Today’s USD/JPY trading shows mixed signals as market participants anticipate key US economic data, including the Consumer Price Index (CPI), which is expected to influence the Fed’s interest rate decision. …
[NZD/JPY] The Reserve Bank of New Zealand (RBNZ) Cuts Interest Rate by 0.5%
In the policy meeting held yesterday, the Reserve Bank of New Zealand (RBNZ) decided to lower its policy interest rate by 0.5%, as expected. In the statement, they mentioned that …
[EUR/USD] More Rate Cut Comments
Yesterday, central bank governors from France, Slovakia, and Latvia stressed that the chances of a rate cut at the next European Central Bank (ECB) meeting are high. After reaching a …
[USD/JPY] Focus on the 150 Yen Level
Yesterday, the expectation that Chinese authorities would announce additional economic stimulus measures on the 12th led to a “risk-on” movement, causing the yen to weaken. At the same time, the …