A billboard in Shanghai displays renminbi”s foreign exchange rates. China Daily The renminbi’s rising prominence in global foreign exchange options is not an isolated development, but part of a broader, accelerating expansion of the Chinese currency’s international role across investment, financing and commodity pricing, analysts said. According to the London-based clearing house LCH, the yuan

EUR/CHF edged lower to 0.9159 last week but recovered just ahead of 0.9155 support. Outlook is unchanged and initial bias remains neutral this week for more consolidations below 0.9264. Further rally is expected with 0.9155 support intact. On the upside, firm break of 0.9264 will resume the rise from 0.8979 to 0.9394 resistance next. However,

EUR/GBP’s extended decline last week suggests that rebound from 0.8610 has completed at 0.8740 already. But as a temporary low was formed at 0.8652, initial bias stays neutral this week first. On the downside, below 0.8652 will resume the fall from 0.8740 to retest 0.8610 support next. Nevertheless, firm break of 0.8685 support turned resistance

EUR/JPY stayed in sideway trading last week and the development suggests that it’s merely in a near term consolidations. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 38.2% retracement of 182.56 to 187.93 at 185.87 to bring rebound. On the upside, firm break of 187.93 will

USD/CAD fell to as low as 1.3629 last week but recovered since then. Initial bias remains neutral this week first. On the downside, sustained trading below 61.8% retracement of 1.3480 to 1.3965 at 1.3665 will pave the way to retest 1.3480 low. Nevertheless, break of 1.3729 minor resistance will turn bias back to the upside

USD/JPY extended consolidations below 160.45 last week and outlook is unchanged. Initial bias remains neutral this week. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) intact. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break of 157.31/49 will bring deeper

USD/CHF turned into consolidations last week and recovered, but overall outlook is unchanged. Initial bias remains neutral this week first. On the downside sustained break of 61.8% retracement of 0.7603 to 0.8041 at 0.7770 will pave the way to retest 0.7603 low. However, break of 0.7933 resistance will bring stronger rise back to retest 0.8041

EUR/USD’s gyrated lower last week but recovered ahead of 1.1662 support. Initial bias remains neutral this week first, and further rise is in favor. On the upside, sustained trading above 61.8% retracement of 1.2081 to 1.1408 at 1.1824 will pave the way to retest 1.2081 high. However, firm break of 1.1662 support will indicate the

EUR/AUD’s fall from 1.6842 extended lower to 1.6340 last week. But a temporary low should be in place on loss of momentum. Initial bias is turned neutral this week first. Further decline is expected as long as 1.6497 support turned resistance holds. Below 1.6340 will target a retest on 1.6125 low. Nevertheless, firm break of

USDJPY keeps firm tone and trading near psychological 160 barrier, with near term action being slower on Friday, in comparison to strong gains in previous few sessions. The pair is on track for the weekly gain after being held in red for the three consecutive weeks, with technical picture on daily and weekly chart being

Daily Pivots: (S1) 0.7808; (P) 0.7830; (R1) 0.7867; More…. USD/CHF recovers further today but stays well below 0.7933 resistance. Intraday bias remains neutral and further decline is expected. Sustained break of 61.8% retracement of 0.7603 to 0.8041 at 0.7770 will resume the decline from 0.8041 to retest 0.7603 low. In the bigger picture, rebound from

The price is consolidating tightly between the crucial $4,700 support and the $4,750 resistance level. Price action is consolidating around key structural levels, suggesting a breakout from the $4,700–$4,750 range is imminent and will dictate the direction for the rest of the week. Bullish/Bearish Triggers: A sustained break above $4,804 signals the end of the

India’s foreign exchange reserves rose by $2.362 billion to $703.308 billion in the week ended April 17, the Reserve Bank of India (RBI) said on Friday. This comes after the kitty had already gained $3.825 billion in the previous week, when the reserves stood at $700.946 billion.The reserves had earlier touched a record high of

On the daily chart, USD/CHF is in a recovery phase, currently sandwiched between the 50-day MA (0.7845) and 100-day MA (0.7865). The H4 chart shows a more defined bullish structure, featuring a “Golden Cross” (100-period MA above 200-period MA). Failure to hold above the 0.7846 short-term support would negate the bullish setup and likely lead

The euro remains under pressure, extending its corrective decline following the previous impulsive rally. Market participants are taking profits and trimming positions ahead of key macroeconomic releases, reducing demand for the single currency and keeping both pairs near important levels, with the potential for increased volatility. Ongoing geopolitical uncertainty in the Middle East continues to

Precious metals have been the victim of a severe reality check since late January. Subjects of severe melt-ups since August 2025, following a slow but consistent grind higher from de-dollarization trends, the commodities got swept on all sides with extreme leverage and volatility. And in Financial Markets, it rarely translates into anything good – Silver

Silver has come under notable pressure this week, slipping back below the $75 level as oil prices and the Dollar strengthen. The metal is now at risk of a deeper decline toward the March low near $60, especially if the rallies in oil and the Dollar continue to gather momentum. The backdrop remains the evolving

Key Highlights USD/JPY regained traction and climbed above the 158.80 zone. It cleared a key bearish trend line with resistance at 159.35 on the 4-hour chart. EUR/USD started a downside correction and traded below 1.1750. GBP/USD started a consolidation phase below the 1.3550 pivot level. USD/JPY Technical Analysis The US Dollar remained supported above 158.40

Collinson FX: April 24: Safety flows again moved towards the US Dollar – amid rising tensions. by Collinson FX 24 Apr 10:58 AEST 24 April 2026 2026 Auckland Wooden Boat Show – Jellicoe Harbour – March 13-15, 2026 © Richard Gladwell / Sail-World.com/nz April 24: Economic crisis ahead for Brits? Tensions are on

ONTARIO, April 23, 2026 /PRNewswire/ — Gemeos Trading, a Canadian technology company that develops and licenses algorithmic trading software, today announced the continued expansion of its AI-powered copy-trading platform, which provides retail investors with access to institutional-grade forex trading algorithms verified through third-party sources including MyFXBook. Gemeos Trading was founded by Mathew Kevin Edgar and Leslie