Euro advances against Japanese Yen on upbeat German business data

EUR/JPY advances to around 185.85 on Tuesday at the time of writing, gaining 0.15% on the day. The cross benefits from strength in the Euro (EUR), supported by a stronger-than-expected improvement in German business sentiment, while the Japanese Yen (JPY) remains weighed down by concerns surrounding Japan’s public finances and the persistence of a wide […]

Corrects further as US Dollar extends recovery

The Euro (EUR) trades marginally lower against the US Dollar (USD) on Tuesday, extending its corrective move from the four-day high of 1.1711 to near 1.1655 during the European trading session. The major currency pair comes under pressure as the US Dollar recovers further amid caution ahead of the United States (US) Personal Consumption Expenditure […]

XAG pullback tests 100-day SMA

Silver price reverses course on Monday, down 0.59% as buyers failed to push the white metal past the $70.00, which exacerbated a reversal, to the first support level seen at the 100-day Simple Moving Average (SMA) at $68.42. At the time of writing, XAG/USD trades at $68.52, afer peaking at $69.92. XAG/USD Price Forecast: Technical […]