Forex News Category

After UK CPI data release, GBP/JPY surged past 185.00 After the release of UK Consumer Price Index (CPI) data, the GBP/JPY currency pair experienced a surge, surpassing the 185.00 mark. This positive momentum in the cross is due to the encouraging inflation figures from the UK. However, market participants are also closely monitoring the possibility

USD/JPY remains below 145.00 as BoJ provides limitless fixed-rate JGBs The USD/JPY pair is currently trading below the significant level of 145.00, retreating from its year-to-date high during the Asian trading session. At present, the major pair hovers around 144.90, experiencing a marginal decline of 0.05% throughout the day. On Friday, an important development came

EUR/USD Holds Firm above 1.0980, Markets Cautious Ahead of US PPI Data During the early European session on Friday, the EUR/USD pair maintains its position above the 1.0980 level. Following a retreat from its weekly high of 1.1065 following US inflation data, the major pair has remained in positive territory for a third consecutive day.

GBP/USD on Edge Before US Inflation Data and UK-China Sanctions GBP/USD remains cautious around 1.2715-20 ahead of Thursday’s London session, as investors tread carefully before the release of US inflation figures for July. Additionally, the Pound faces resistance due to reports of the UK considering restrictions on British investment in Chinese tech firms. Meanwhile, concerns

EUR/JPY Bulls Target 157.70 Key Resistance Despite Soft Japan Wages and Lackluster German Inflation During today’s European session, the EUR/JPY pair is showing a bullish trend, targeting the key resistance level of 157.70. This upward movement is significant as it challenges a long-standing falling resistance line. Interestingly, this bullish drive is happening despite weak economic