Fundamental events today are forcing “cable” to now test a key Fibonacci support level, even while this FX pair had been ripe for a technical pullback.
JPY has been the best-performing G10 currency against the US dollar, not just for today, but also so far in March 2024. Two critical events this week could further boost the Japanese Yen.
This Week: EURUSD consolidates at 200-SMA, busy week ahead!
The world’s most traded currency pair is likely to be volatile this week, as there are major risk events in the form of the ECB meeting, Fed Chair Jerome Powell testimony, the monthly US non-farm payrolls report and others.
Oil benchmarks have been lifted to their highest levels since November 2023, thanks to the IEA’s bullish forecast and the drawdown in US stockpiles....
Brent
Oil
US crude inventories
Federal Reserve
China
JPY has been the best-performing G10 currency against the US dollar, not just for today, but also so far in March 2024. Two critical events this week ...
USDJPY
Japanese Yen
Bank of Japan
Federal Reserve
rate hike
negative interest rates
inflation
The world’s most traded currency pair is likely to be volatile this week, as there are major risk events in the form of the ECB meeting, Fed Chair J...
The greenback finally broke out of its recent new year range, as the Dollar Index hit a one-month high. ...
USD
DXY
GBPUSD
Federal Reserve
FED
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