The primary factor keeping GBP/USD around 1.3380 is the change in expectations regarding the Federal Reserve, rather than any domestic news from the UK. US inflation remains persistent: the headline CPI is currently at 2.7% year-on-year, consistent with the previous month, whereas the PPI has increased to approximately 3.0% from 2.8%. The labor market contributes … Read more
The EUR/USD pair is currently positioned between 1.1593 and 1.1600, with the latest quote at 1.1599, reflecting a decrease of approximately 0.08% for the day and a decline of about 0.3% over the past two sessions. The pressure is predominantly originating from the USD side. The US Dollar Index is currently positioned at approximately 99.38, … Read more
The USD/JPY pair is currently positioned near 158.00, following a week in which the Dollar maintained its strength but exhibited a decline in momentum relative to the Yen. The pair momentarily exceeded 159.00 before retreating, concluding the week approximately 0.4% lower as Japanese officials intensified their warnings and the markets adjusted to a heightened likelihood … Read more
The USD/CAD pair declines to approximately 1.3890 during the Asian trading session on Friday. The Canadian Dollar appreciates against the Greenback as crude oil prices experience a rebound. Market participants will closely monitor the US December Industrial Production report and the subsequent comments from Federal Reserve officials later on Friday. The USD/CAD pair is currently … Read more
GBP/USD is currently positioned around 1.3380, having struggled to maintain momentum towards 1.3413 and subsequently retreating beneath the 200-day SMA at 1.3405. Spot has established a four-week low in the range of 1.3366–1.3370 and is currently fluctuating slightly above that level, aligning with short-term support near 1.33612 as indicated by the intraday technical analysis. The … Read more
The EUR/USD pair is currently trading within the range of 1.1610 to 1.1620, following a recent decline to a six-week low of 1.1593. This marks the end of a period during which the pair maintained levels above 1.1700 and 1.1750. The pair is positioned distinctly beneath its significant short-term moving averages on both intraday and … Read more
The USD/JPY is currently positioned within the 158.00–158.50 range, reflecting a decline of approximately 0.3–0.4% for the day, following its inability to maintain an intraday peak around 158.70–158.70. The pair has retraced from the recent 159.40–159.50 peak but remains just a short distance below cycle highs, indicating that this is a pullback within a larger … Read more
AUD/USD a little over a week ago, it is noted that the technical picture had turned more bullish, presenting a favorable buying opportunity should the price retrace to the nearest support level at $0.6716. The price did reach this level; however, there was no subsequent bounce, indicating that it was not a precise or beneficial … Read more
GBP/USD is finding stability in the 1.3430–1.3440 range as recent UK data prompts traders to reassess the true weakness of the British economy. In November, GDP experienced a 0.3% month-over-month increase, effectively reversing the -0.1% contraction observed in October and surpassing the consensus estimate of 0.1%. The latest monthly figure represents the most robust performance … Read more
EUR/USD is currently positioned between 1.1630 and 1.1656, hovering slightly above the recent one-month low range of 1.1615 to 1.1618, and significantly below the late-December peak around 1.1808 to 1.1810. Since reaching that Christmas peak, the pair has declined over 1.6%, establishing a distinct pattern of lower highs and lower lows. Every effort to rise … Read more