USD/JPY (US Dollar/Japanese Yen) Sell, Featured Currencies and Technical Analysis (15-minute chart) February 27, 2024
EUR/USD (Euro/US Dollar) Strong Sell The Euro/US Dollar pair shows slight gains, developing the short-term upward trend that began to form two weeks ago. In the US, data on the Personal Consumption Expenditures Price Index, which is actively used in calculating average inflation, will be released this week. In the Eurozone, focus will be on business sentiment data and inflation statistics.
GBP/USD (British Pound/US Dollar) Strong Sell The British Pound/US Dollar pair is trading nearly unchanged, hovering around 1.2680. In the US, durable goods orders data will be announced, and data from the UK is not providing notable support to the Pound.
AUD/USD (Australian Dollar/US Dollar) Sell The Australian Dollar/US Dollar pair has slightly strengthened, recovering from the active decline at the start of the week. Economic indicators from Australia and New Zealand are drawing attention.
USD/JPY (US Dollar/Japanese Yen) Sell The US Dollar/Japanese Yen pair shows a mild decline following last week's attempt at a corrective rise. In Japan, data on retail sales and industrial production will be released.
XAU/USD (Gold/US Dollar) Strong Sell The Gold/US Dollar pair is trading in various directions, moving around 2030.00. Gold prices are pressured by the movements of the US currency, with many market participants waiting for the release of inflation data.
