The USDJPY currency pair has plummeted to fresh lows, sending ripples through the foreign exchange market and raising concerns among traders. The pair’s descent has brought it dangerously close to a key swing area between 147.20 and 147.338, a level that holds significant historical and technical importance. This dramatic fall raises important questions about the … Read more
The Australian dollar (AUD) experienced a noticeable decline against its US counterpart (USD) in recent trading, a move largely attributed to the anticipation surrounding the upcoming release of the US Consumer Price Index (CPI) inflation data. This crucial economic indicator is expected to significantly influence the Federal Reserve’s (Fed) monetary policy decisions, impacting global currency … Read more
The US dollar’s trajectory remains a key focus for investors globally, with upcoming Consumer Price Index (CPI) data poised to significantly influence Federal Reserve policy and, consequently, the performance of major currency pairs like GBP/USD and EUR/USD. This article delves deep into the current market dynamics, analyzing the potential impact of the CPI release and … Read more