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This analysis and any provided information can be used only for educational purposes. SharmaFX is not a professional financial institution nor provides any financial services. SharmaFX does not provide any financial advice, investment advice, or trading signals. SharmaFX is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Editors’ Picks

EUR/USD holds gains above 1.0650 amid risk-on mood

EUR/USD holds gains above 1.0650 amid risk-on mood

EUR/USD is clinging to recovery gains above 1.0650 in European trading on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week. 

EUR/USD News

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD attracts some dip-buyers on Monday amid a softer USD, though lacks follow-through. Easing geopolitical tensions boosts investors’ confidence and undermines the safe-haven buck. Reduced Fed rate cut bets should help limit the USD losses and cap any further gains for the pair.

GBP/USD News

USD/JPY: Japanese Yen remains pinned near multi-decade low against USD

USD/JPY: Japanese Yen remains pinned near multi-decade low against USD

The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks. 

USD/JPY News

Editors’ Picks

EUR/USD holds gains above 1.0650 amid risk-on mood

EUR/USD holds gains above 1.0650 amid risk-on mood

EUR/USD is clinging to recovery gains above 1.0650 in European trading on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week. 

EUR/USD News

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD attracts some dip-buyers on Monday amid a softer USD, though lacks follow-through. Easing geopolitical tensions boosts investors’ confidence and undermines the safe-haven buck. Reduced Fed rate cut bets should help limit the USD losses and cap any further gains for the pair.

GBP/USD News

Gold returns to the red after failing above $2,400 yet again

Gold returns to the red after failing above $2,400 yet again

Gold price extends pullback as Middle East fears calm down. US Dollar weakens amid upbeat mood, despite rebounding US Treasury bond yields. Gold price targets $2,350 on a sustained break below 50-SMA at $2,370 on the 4H chart.

Gold News

Meme coin madness returns after Bitcoin halving concludes

Meme coin madness returns after Bitcoin halving concludes

As Bitcoiners and cryptocurrency enthusiasts continue to celebrate the fourth Bitcoin halving, capital overflows are channeling into meme coins, causing key sector players to rally.

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Dollar Index in view ahead of data

Dollar Index in view ahead of data

Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. 

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