The latest updates on major global currencies including Euro, British Pound, US Dollar, Japanese Yen, Australian Dollar, and Swiss Franc, along with insights on the cryptocurrency market. Economic events and indicators worldwide play a crucial role in shaping currency values.
Recent Trends in Major Global Currencies
Euro (EUR)
The Euro (EUR) is currently trading in a slight upward trend between 1.0680 and 1.0785. It has struggled to surpass the resistance threshold at 1.0785. Recently, the EUR retracted after reaching 1.0776, and traders are closely following the 1.0710 to 1.0760 range. Minor support is noted at 1.0730, with another resistance level suggested at 1.0765.
British Pound (GBP)
The British Pound (GBP) remains in the range of 1.2345 to 1.2440, unable to breach the 1.2440 resistance level. Forecasts hint at potential growth towards a resistance level of 1.3170 and another possible resistance at 1.3100. Should it fall below 1.3040, minor support might be found around 1.3075.
United States Dollar (USD)
The US Dollar (USD) shows signs of stability within the range of 1.0034 to 1.0139 but faces resistance at 1.0139. The market remains observant of upcoming economic indicators, which could impact its future performance.
Japanese Yen (JPY)
The Japanese Yen (JPY) trades tightly within 108.35 to 108.90, showing potential but unable to break the 108.90 resistance level. A descending trend has minor support at 103.85, with resistance anticipated at 104.25 and 104.40.
Australian Dollar (AUD)
The Australian Dollar (AUD) is experiencing short upward movements between 0.6350 and 0.6450 but finds it difficult to surpass the upper limit of 0.6450.
Swiss Franc (CHF)
The Swiss Franc may see sideways movement, facing resistance levels around 0.8965 and 0.9000. Should it decline, minor support is expected around 0.8945 and further at 0.8920.
Cryptocurrency Market
In the cryptocurrency market, Bitcoin, Ethereum, and Ripple have reported recent losses of 1.05%, 1%, and 0.5% respectively. Investors are watching for the US ADP Research Institute’s June job report and other global economic indicators that could influence cryptocurrency prices.
Economic events and indicators from around the world remain crucial factors influencing the values of these currencies and should be monitored closely.
