The currency pair bounced off a support level at 151.46 on Monday. As a result, the Pound Sterling surged by 226 pips or 1.49% against the Yen during Monday's trading session.
The Australian Dollar surged by 58 pips or 0.78% against the US Dollar on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The common European currency rose by 141 pips or 1.08% against the Japanese Yen on Monday. The currency pair tested the resistance level at 131.44 during yesterday's trading session.
The US Dollar edged higher by 114 basis points or 0.92% against the Canadian Dollar on Friday. The USD/CAD currency pair tested the 1.2450 area during Friday's trading session.
Bearish momentum pressured the British Pound lower against the Japanese Yen on Friday. The GBP/JPY currency pair tested the 151.55 level during the Asian session on Monday.
Downside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency pair declined by 84 pips or 1.12% during Friday's trading session.
The Eurozone single currency drooped by 77 pips or 0.59% against the Japanese Yen on Friday. The currency pair breached the 130.00 level during the Asian session on Monday.
Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. As a result, the exchange rate surged by 97 pips or 0.79% during Thursday's trading session.
The British Pound declined by 169 pips or 1.09% against the Japanese Yen on Thursday. The currency pair breached the 153.00 level during the London session on Friday.
The Australian Dollar fell by 95 pips or 1.25% against the US Dollar on Thursday. The AUD/USD currency pair breached a support level at 0.7540 during Thursday's trading session.
The common European currency declined by 173 pips or 1.30% against the Japanese Yen on Thursday. The currency pair tested the 131.00 level during Thursday's trading session.
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. The main news that the markets reacted to was the revelation in the Economic Projections that the central bank could hike interest rates in 2023, as it expects an end to the coronavirus and growth of inflation. The announcement caused a
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. The main news that the markets reacted to was the revelation in the Economic Projections that the central bank could hike interest rates in 2023, as it expects an end to the coronavirus and growth of inflation. The surge caused by
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. The main news that the markets reacted to was the revelation in the Economic Projections that the central bank could hike interest rates in 2023, as it expects an end to the coronavirus and growth of inflation. As a result of
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. During the forty minutes following the announcement, the EUR/USD currency exchange rate dropped 100 base points. On Thursday, the decline of the EUR/USD had stopped at the support of the weekly S3 simple pivot point at 1.1937. In the case
The US Dollar edged higher by 129 pips or 1.06% against the Canadian Dollar on Wednesday. The USD/CAD currency pair tested the 1.2280 during Wednesday's trading session.
The British Pound declined by 61 pips or 0.39% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The Australian Dollar plummeted by 108 pips or 1.40% against the US Dollar on Wednesday. The AUD/USD exchange rate breached the 0.7600 level during yesterday's trading session.
Downside risks dominated the common European currency against the Japanese Yen on Wednesday. The currency pair fell by 86 pips or 0.65% during yesterday's trading session.
The USD/CAD exchange rate bounced off the weekly pivot point at 1.2130 on Tuesday.
On Wednesday the yellow metal's price remained below the resistance of the 1,870.00 level. In the meantime, the price was approached by the 55-hour simple moving average, which could push the commodity price down. In the case that the 55-hour simple moving average provides enough resistance for the rate to decline, the price would aim at the support of the 1,845.00
On Wednesday morning, the USD/JPY currency exchange rate tested the support of the 55-hour simple moving average, the weekly R1 simple pivot point and the 110.00 mark. Future forecast were based upon whether these levels provide support. In the case of the rate passing the support levels near the 110.00 level, the pair would most likely reach for the support of
The GBP/USD pierced the support of the June low levels and shortly traded near the 1.4040 level. Afterwards, the pair returned to trade near the 1.4080 level. On Wednesday morning, the rate began a surge, which reached above the 1.4100 level. In the near term future, the rate could test the combined resistance of the 100 and 200-hour simple moving averages
The British Pound plummeted by 77 pips or 0.49% against the Japanese Yen on Tuesday. The currency pair breached the 50– and 200– hour SMAs near the 155.00 level during Tuesday's trading session.