The AUD/USD pair experienced a slight decline as the recent bullish trend lost its momentum, influenced by a relatively robust US dollar. The value decreased to 0.6686, slightly under this month’s peak of 0.6765. The AUD/USD exchange rate experienced a decline on Monday as market participants assessed the implications of the US non-farm payrolls data. … Read more
GBP/USD at approximately 1.3420 indicates that the dollar is currently dominant, rather than sterling. The pair encountered resistance above 1.3567, establishing a definitive short-term peak at that level, subsequently declining towards the 1.34 mark as US data strengthened the demand for USD. ISM services exceeded expectations, with new orders and prices paid remaining high, reinforcing … Read more
EUR/USD begins the week positioned around 1.1633–1.1634, nearly identical to its trading level on 10 December; however, the trajectory to this point has been distinctly unfavorable. At the beginning of last week, the pair was securely positioned above 1.1700, trading near 1.1720, until sellers aggressively intervened. On Monday, the cross declined to 1.1685, unable to … Read more
The USD/JPY has entered a distinct bullish phase, surpassing the significant ¥157.75 breakout level on Friday and currently trading in the range of ¥157.9–¥158.0, reflecting an approximate increase of 3.98% over the past three months. The weekly candle concluded near the upper limit of the range, just beneath the significant ¥158 threshold, positioning the pair … Read more
GBP/USD is currently positioned near 1.3420, approaching its weekly low and the significant 1.3400 area, following an inability to maintain early-week advances towards 1.3567, where a distinct short-term peak was established prior to a notable downturn. The recent decline is primarily attributed to the strength of the USD. A series of stronger-than-anticipated US economic indicators … Read more
The EUR/USD pair has retraced over 1.6% from its December high near 1.1747–1.1775 and is currently experiencing a heavy trading range between 1.16 and 1.17. The pair has recorded nine declining sessions in the past eleven and experienced two successive negative weeks, indicating a significant correction rather than mere fluctuations from the late-year breakout. The … Read more
The USD/JPY structure has resumed a definitive upward trajectory following the correction from the 161.94 peak, which retraced to 139.87 and subsequently paused. The three-wave decline to 139.87 appears to be complete, and the pair has now moved back above 157.88, further extending the recovery phase that began from the 142.66–145.47 area. The ongoing movement … Read more
During the early hours of Thursday’s trading day, the AUD/USD pair witnessed a significant dip; nevertheless, the Australian dollar continues to linger at multi-month highs as we anticipate the release of Non-Farm Payroll data in the United States which is expected to be released later today. The manufacturing sector in China exerts a tremendous amount … Read more
GBP/USD is currently positioned at approximately 1.3430–1.3435, resting at its weekly low after struggling to maintain levels above the 1.3550–1.3570 resistance zone, where it recorded a four-month peak close to 1.3568. The pair has experienced a decline for four consecutive sessions, shifting from the mid-1.35s to the low-1.34s as the U.S. Dollar Index approaches 99.00 … Read more
The EUR/USD pair is currently positioned around 1.1650, having experienced five straight days of declines. This movement has reversed the late-December advance towards the 1.1770–1.1808 range, resulting in a retreat into the lower segment of the 1.1589–1.1917 framework. The decline aligns with a strengthening US Dollar and a market adjusting to US labor data, reflecting … Read more