Japanese Yen Short-term Outlook: USD/JPY Breakout Stalls at 2024 High as Intervention Risk Builds
USD/JPY remains pinned just below a pivotal resistance zone after extending its rally from the May lows. Momentum continues to favor the bulls, with daily RSI pushing into overbought territory for the first time in months, but the advance has begun to stall as price tests a key technical barrier.
USD/CAD Price Forecast: Bulls retain the upper hand above 1.4000 despite overbought RSI
USD/CAD Price Forecast: Bulls retain the upper hand above 1.4000 despite overbought RSI
ECB's Schnabel States Economy Remains Relatively Strong
European Central Bank executive Isabel Schnabel commented that the economy is currently showing relative strength, indicating resilience amid uncertainties. This assessment may influence monetary policy expectations and market sentiment.
ECB's Schnabel Highlights War, Inflation, and Growth as Key Factors for Interest Rate Decisions
ECB Executive Board member Isabel Schnabel stated that the timing and extent of interest rate hikes will depend on the evolving situations of war, inflation, and economic growth. These factors will guide the ECB's monetary policy adjustments moving forward.
ECB's Schnabel Says Eurozone Interest Rates Not Yet Restrictive
European Central Bank official Isabel Schnabel stated that current interest rates in the Eurozone have not yet reached restrictive levels, signaling potential for further monetary tightening. This insight reflects ongoing ECB policy considerations amid inflation concerns.
ECB's Schnabel Warns Ceasefire Does Not Signal Policy Easing
ECB Executive Board member Schnabel stated that despite a temporary ceasefire in inflation pressures, the ECB remains vigilant and is not planning to lower its guard or ease monetary policy imminently.
Iran and Saudi Arabia Discuss US Negotiations in Phone Call
Iran and Saudi Arabia held a phone call to discuss ongoing negotiations involving the United States. The conversation highlights ongoing diplomatic efforts in the region.
Iran and Saudi Arabia Foreign Ministers Hold Phone Discussion
The foreign ministers of Iran and Saudi Arabia engaged in a phone conversation, signaling potential diplomatic communications between the two nations. This discussion may influence regional dynamics and bilateral relations.
British Pound: Oversold slide targets 1.30 area against US Dollar – Scotiabank
British Pound: Oversold slide targets 1.30 area against US Dollar – Scotiabank
Euro Technical Outlook: EUR/USD Testing Key Support Break
EUR/USD, inflation expectations and Federal Reserve policy are back in focus as the euro breaks to fresh yearly lows. Michael Boutros, FOREX.com Senior Market Analyst, examines the key technical breakdown levels, downside targets, and how upcoming PCE inflation data and Non-Farm Payrolls could reshape Federal Reserve rate expectations and the next major move for EUR/USD.