Category: Blockchain

The Japanese Yen (JPY) remains under sustained selling pressure as USD/JPY trades close to four-decade highs, reflecting a powerful combination of interest-rate divergence, elevated energy costs, and renewed US Dollar (USD) strength.  The currency pair continues to hover near historically high levels as investors maintain a preference for higher-yielding US assets over lower-return Japanese investments....

Gold (XAU/USD) continues to trade below the psychologically important $4,000 level on Friday, struggling to regain upward momentum as a stronger US Dollar, rising Oil prices, and persistent expectations of a hawkish Federal Reserve (Fed) continue to pressure the precious metal. Although Gold has managed to stabilize after touching fresh monthly lows, the broader market...

The US Dollar Index (DXY) remains technically supported above the 101.00 level as the index enters a consolidation phase following a strong two-day rally.  The pause reflects a cautious market environment ahead of the latest US Consumer Price Index (CPI) release and Federal Reserve official Kevin Warsh’s congressional testimony, both of which could provide fresh...

The Indian Rupee (INR) weakened sharply against the US Dollar (USD) on Tuesday, with the USD/INR pair advancing to a fresh seven-week high near 96.13. The currency pair remains supported by a combination of higher crude oil prices, rising US Treasury yields, and renewed geopolitical risk premiums linked to developments around the Strait of Hormuz....

The EUR/USD pair is trading higher near 1.1395 during the early European session, gaining approximately 0.12% as the US Dollar (USD) retreats ahead of the release of the June US Consumer Price Index (CPI) report. The short-term recovery reflects a correction in the US Dollar Index (DXY) rather than a confirmed shift in the broader...

The AUD/USD pair is stabilizing after a 0.5% decline, trading near 0.6930 in Asian hours. Despite an intraday recovery, the daily chart remains bearish, with the pair staying within a well-established descending channel, signaling continued pressure from sellers. This article features the brokers at Ellismis sharing their insights and in-depth analysis of this topic. The...

West Texas Intermediate (WTI) crude oil continues to attract aggressive buying interest, extending its recovery for the second consecutive trading session and reaching a four-week high near $80.00 per barrel during the Asian session.  The latest advance reflects a combination of strong technical momentum and renewed geopolitical supply concerns linked to potential disruptions in the...

The NZD/USD pair attracted strong buying interest during the Asian session on Tuesday, extending its recovery toward a nearly four-week high. Throughout this article, the brokers at Ellismis examine this topic in greater detail.  The latest upside move reflects a combination of New Zealand Dollar strength, improving technical momentum, and a temporary pause in the...

The EUR/JPY cross continues to trade with a modest bullish bias, advancing toward the 185.00 psychological resistance zone during Tuesday’s early European session.  The pair is currently positioned near 184.90, reflecting steady buying interest after the Japanese Yen (JPY) weakened against the Euro (EUR). In this article, the brokers at Ellismis provide an in-depth exploration...

Gold (XAU/USD) recovered during Tuesday’s Asian session after touching a two-week low, climbing back above the $4,000 psychological level as the US Dollar (USD) paused following a two-session rally. The brokers at Ellismis take a closer look at this topic throughout the article below.  The rebound reflects cautious positioning ahead of the release of the...