USD/JPY traded at 159.16 on Friday. The yen is retreating slightly but appears less weak than previously, amid a two-week truce between the US and Iran. The decline in oil prices following the announcement of the truce has partially reduced stagflationary risks and provided some support to the Japanese currency. Investor focus is on the
Got story updates? Submit your updates here. › In a forex market lacking clear directional trends, traders must navigate tight price ranges and rely on technical levels to capture small gains.Indianapolis Today The US Dollar opened the North American session in a mixed state, showing weakness against the Japanese Yen but holding ground versus the
The US Dollar Index (DXY) is at a critical technical crossroads as CPI spike looms Markets are bracing for a massive 1.0% surge in March Headline CPI While the Headline CPI is forecasted to hit a two-year high of 3.4%, Core CPI is expected to remain stable at 0.2%, though the closure of the Strait
New Zealand’s BusinessNZ Performance of Manufacturing Index eased from 54.8 to 53.2 in March, signaling that manufacturing activity remains in expansion but at a slower pace. The details showed some loss of momentum, with production falling from 56.3 to 53.8 and new orders easing from 57.2 to 55.8, while deliveries slipped to the neutral 50.0
Key Highlights USD/JPY started a decent upward wave above 158.50. It faces key hurdles near 159.20 and 159.50 on the 4-hour chart. EUR/USD could extend gains if it settles above the 1.1720 resistance. Gold could aim for a fresh increase above $4,850. USD/JPY Technical Analysis The US Dollar found support at 157.85 and started a
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Newly public Retail FX and CFDs broker iFOREX (LON:IFRX) has announced that the company has hired Michael Hewson as Senior Financial Strategist, with immediate effect. Michael Hewson brings more than 30 years experience across global financial markets, with deep expertise in technical and fundamental analysis. He has held senior analytical roles across leading institutions, including
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Fed rate cut bets return after ceasefire in Iran war. US PPI figures to test whether the Fed could resume rate reductions. ECB meeting minutes and UK data to test ECB and BoE expectations. Aussie traders await AU employment report and China’s GDP. Dollar pulls back amid ceasefire in the Middle East The US dollar
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Daily Pivots: (S1) 184.63; (P) 185.10; (R1) 185.38; More… EUR/JPY’s rally continues today and intraday bias stays on the upside. Rise from 180.78 should target a retest on 186.86 high. Firm break there will confirm larger up trend resumption. On the downside, below 184.77 minor support will turn intraday bias neutral first. But rise will
Gold keeps firmer tone but trading within a narrow range and under key barrier on Thursday, as traders remain cautiously optimistic about still fragile ceasefire in the Middle East. Wednesday’s immediate reaction on announcement of a ceasefire between the US and Iran was strong (gold price spiked to $4857, the highest since March 19) but
The S&P 500 (SPX) completed its cycle from the April 2025 low on February 2, 2026, when it reached 6991.92. This level is identified as wave (1). Since that peak, the Index has been correcting the entire cycle from April 2025 through a double‑three Elliott Wave structure. From the February high, wave W declined to
Trading technology provider Spotware has announced that it has partnered with FundingRock, an innovative proprietary trading firm known for its transparency, robust educational resources and dedicated trader support. Through this collaboration, FundingRock introduces cTrader, used by over 11 million active traders worldwide, delivering a premium trading environment designed to empower traders of all levels. FundingRock’s
The market reaction to the two-week US-Iran ceasefire is already turning, with signs of rejection of ceasefire optimism emerging across key asset classes. What initially appeared as a decisive de-escalation could be reassessed as a fragile truce, not peace, with markets are pricing risk re-entry as early doubts take hold. The most telling signal lies
Key Highlights GBP/USD started a fresh surge above 1.3350 and 1.3440. It cleared a key bearish trend line with resistance at 1.3280 on the 4-hour chart. EUR/USD also climbed higher above the 1.1650 resistance. WTI Crude Oil prices trimmed most gains and traded below $95. GBP/USD Technical Analysis The British Pound found support at 1.3150
The US Dollar has seen its best days throughout the last two months, with the infamous Petrodollar trade grabbing all the attention from Market participants and flows. Crude Oil prices, denominated and traded in US Dollars, rose by close to 100% from mid-February to just yesterday, amid a historic and brutal conflict in the Middle
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Dubai based Retail FX and CFDs broker DB Investing has announced that the company has signed a service provider agreement with MBME Pay, to enable clients across the UAE to fund their trading accounts through MBME Pay’s kiosk network, marking a new step in broadening access to investment services for a wider range of retail
Subscribe To Notifications Scan QR code to install app Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties.
