[EUR/USD] Differences Between Western Economies and Monetary Policies
Since the start of the Trump Rally on November 6, the euro has faced heavy selling, dropping from the low 1.09 range. Key support levels, including the 200-day moving average …
[USD/JPY] Battle Between Intervention Concerns and Dollar Strength
Last week, the momentum from the ‘Trump Rally’ continued. The USD/JPY started in the mid-152 range and broke through the strong resistance level of 155. This increase happened without any …
[XAU/USD] Continued Strength of the Dollar
Last week, the strong dollar, fueled by the ‘Trump Rally,’ pushed gold prices lower. Additionally, Federal Reserve Chairman Powell’s hawkish comments—stating that the economy does not currently require urgent rate …
[EUR/USD] Euro Plunge
In the European market, dollar buying took the lead. Additionally, ECB Vice President De Guindos hinted at possible rate cuts by stating that ‘inflation has decreased significantly’ and that ‘if …
[USD/JPY] Ominous Verbal Intervention
In the early morning Tokyo market, the USD/JPY pair started around 155.24 and rose to 156.13, driven by strong dollar buying. Despite this increase, there was no verbal intervention from …
[XAU/USD] Weekend Adjustment
Yesterday, as dollar buying continued, gold remained heavy and struggled to rise. When the European market opened and dollar buying intensified, gold dropped to around 2536. However, in the New …
[AUD/JPY] Yen Carry Trade
Since October began, the AUD/JPY exchange rate has continued to move within a narrow range. The Reserve Bank of Australia (RBA) is the only major central bank that has kept …
[USD/JPY] Quiet at 155 Yen
Yesterday in the Tokyo market, despite a major drop in the Nikkei stock index, the USD/JPY pair broke above the immediate resistance level of 155 yen. No warnings or comments …
[XAU/USD] U.S. CPI Rises as Expected
Ahead of the U.S. CPI announcement, gold prices rose to around 2620 as buyers adjusted positions. The U.S. October CPI rose as expected, from 2.4% to 2.6% compared to the …
[EUR/USD] German ZEW and Political Instability
Yesterday, as U.S. long-term interest rates rose, there was a strong push to sell the euro. Concerns about the eurozone grew as the German coalition government collapsed, and Germany’s November …