Zariah_Decker

Zariah_Decker

The Japanese Yen (JPY) continues to depreciate for the second consecutive day after the Bank of Japan (BoJ) released its Summary of Opinions from the September monetary policy meeting. Currently, USD/JPY is trading around 144.11. The daily chart analysis shows that the pair has re-entered an ascending channel pattern, indicating that the bullish trend remains...

Zariah_Decker

GBP/USD extends its decline towards 1.3300 during the European trading session on Tuesday. Hawkish remarks from Fed Chair Powell and cautious market sentiment are supporting the U.S. Dollar ahead of key data releases, including the U.S. ISM Manufacturing PMI, JOLTS job openings, and Fed speeches. From a technical perspective, the pair is under significant selling...

Zariah_Decker

EUR/USD is struggling to gain any significant momentum, remaining stuck below the 1.1110 level during Tuesday's session. The pair continues its downward trend as the U.S. Dollar holds onto its recovery gains, while the Euro remains cautious ahead of the ECB's expected rate cut in October and crucial EU inflation data. The current bearish correction seems far from over.

Zariah_Decker

The gold market has temporarily cooled after a historic price surge, driven by the U.S. monetary easing policies, stimulus measures from China, and a surge in safe-haven demand amid rising tensions in the Middle East. As a result, global gold prices have dropped significantly due to profit-taking by investors. Many in the gold market are increasing their...