A clear explanation of daily buying and selling points. This is a summary of the author’s own market views, and final decisions regarding actual investments and trading should be made at your own discretion.
Updated daily
The EUR/USD exchange rate forecast for today, October 23, 2024, is generally bearish. Currently, the market sentiment suggests a weakening euro against the dollar, with the pair hovering around $1.07959. …
In the Tokyo market, the Yen started stronger, and the USD/JPY dropped to 149.09. However, later, U.S. long-term interest rates rose, pushing USD/JPY above 150 yen in the European market. …
At the beginning of the week, the Euro started quietly around 1.0860 from the Tokyo market to the European market. However, when the market opened in New York, the Euro …
In October, the Australian Dollar (AUD) to Japanese Yen (JPY) exchange rate has been moving within a range around 100 yen. The mid-99 yen level represents a 50% Fibonacci retracement, …
Last week, strong U.S. retail sales and employment data led to more buying of the U.S. dollar, causing the USD/JPY exchange rate to rise above the important 150 yen level. …
Yesterday, during the New York trading session, the USD/JPY pair broke above the strong resistance level of 150 yen, following the release of strong U.S. economic data. Although the price …
At the ECB (European Central Bank) meeting held yesterday, as expected, the policy interest rate was cut by 0.25%, bringing it to 3.4%. In the statement, it was mentioned that …
Yesterday, Australia’s September employment data, announced during Tokyo trading hours, showed stronger-than-expected job growth. The unemployment rate also fell to 4.1% from 4.2% in the previous month, indicating a strong …
In the Tokyo market, USD/JPY fell to 148.87 yen. This was influenced by comments from Bank of Japan board member Adachi, but the dollar was quickly bought back after he …
Yesterday, the euro reached $1.0901 ahead of the ECB (European Central Bank) meeting. However, the euro faced resistance and fell back to $1.0854, dropping below the 200-day moving average. This …
