DE40 Index

USDJPY drifts lower The US dollar slips as traders expect a modest 25 bp hike from the Fed amid banking troubles. A drop below the recent swing low of 132.40 has invalidated the rebound and put the pair back on a bearish trajectory in…
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USDCHF breaks lower The US dollar tumbled after February’s jobs data showed slower wage growth. A previous fall below 0.9350 was a sign that the buy side had difficulty in holding on to their gains. Coming off the newly formed double…
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GBPUSD defends major floor The pound bounces higher thanks to upbeat services PMI in February. On the daily chart, the pair is still striving to hold above January’s low of 1.1840 which is a critical floor to keep the price afloat in…
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EURUSD tests resistance The US dollar retreats as traders pull some chips off the table ahead of jobs data. On the daily chart, the pair is testing the critical level at the January low of 1.0500, where a bearish breakout would cause a…
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AUDUSD tests major supply area The Australian dollar stays high as traders remain hopeful of a dovish Fed pivot. A tentative break above last August’s high of 0.7130 further fueled the bulls’ enthusiasm and could lay the foundation for…
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USDJPY struggles to rebound The US dollar edges lower due to bearish inertia across the board. On the daily chart, the pair is still hovering above last May’s lows of 126.50 as the bulls strive to keep the outlook rosy in the…
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USDJPY seeks support The Japanese yen rallied over better-than-expected Tokyo CPI in December. On the daily chart, a break below August’s low (130.50) has put the buy side under pressure. The latest bounce hit resistance in the supply…
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USDCAD seeks support The Canadian dollar edged higher after its economy grew by 0.1% in October. The US counterpart had recovered along a rising trendline from mid-November but hit resistance in the supply zone between 1.3700 and last…
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USDCHF struggles for support The US dollar plunged after data showed a higher US unemployment rate in October. A break below 1.0000 could prolong the consolidation as the parity level has been acting like a magnet, pulling the price…
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EURUSD attempts to bounce The euro recovers as record high inflation in September cements expectations for another large ECB rate hike. An oversold RSI on the daily chart attracted some buying interest, but this could turn out to be a…
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