Fundamental Analysis Category

January 29, 2024
Japanese Yen Edges Up Against USD as Investors Seek Safe-Haven Assets, Yet Bullish Momentum Remains Limited

Japanese Yen Edges Up Against USD as Investors Seek Safe-Haven Assets, Yet Bullish Momentum Remains Limited As the European trading session commences on Monday, the Japanese Yen (JPY) is experiencing a slight uplift following an earlier dip in the day. This mild positive trend against the US Dollar (USD) is shaped by a combination of

Read more
January 26, 2024
UK Consumer Confidence Reaches Highest Level in Two Years Amid Easing Inflation

UK Consumer Confidence Reaches Highest Level in Two Years Amid Easing Inflation In January, the United Kingdom witnessed a significant uplift in consumer confidence, reaching the highest level observed in the past two years. This surge in optimism is attributed to a slowdown in inflation, which has positively influenced households’ perspectives regarding their financial situations.

Read more
January 24, 2024
Australian Dollar Pulls Back from Recent Gains Amid Muted US Dollar, Awaits US PMI Data

Australian Dollar Pulls Back from Recent Gains Amid Muted US Dollar, Awaits US PMI Data On Wednesday, the Australian Dollar (AUD) experienced a reversal of its recent upward trend, despite positive indications from Australia’s preliminary Purchasing Managers Index (PMI). The PMI, a key indicator of economic health for the manufacturing and service sectors, is published

Read more
January 22, 2024
AUD Slips as USD Holds Steady

AUD Slips as USD Holds Steady The Australian Dollar (AUD) held its ground near a significant psychological level at 0.6600 on Monday amidst a climate of uncertainty fueled by discussions between the United States (US) and the United Kingdom (UK) regarding potential actions against Iran-backed Houthi militants in Yemen. Despite this uncertainty, the AUD/USD pair

Read more
January 19, 2024
The Australian Dollar Holds Steady Amid Stable US Dollar, Focus on US Consumer Sentiment Index

The Australian Dollar Holds Steady Amid Stable US Dollar, Focus on US Consumer Sentiment Index The Australian Dollar (AUD) has been on an upward trajectory for the second consecutive day, gaining positive momentum against the US Dollar (USD). This surge in the AUD can be attributed to several factors, including a strong domestic share market,

Read more