Forex News+ Updates 
The USD/CAD pair has exhibited volatility in the early hours of Thursday, yet it continues to acknowledge the 1.40 level as a significant point of interest. This is a substantial, circular, psychologically meaningful number that has held significance on several occasions previously. Consequently, it appears that the market is attempting to initiate a turnaround at … Read more
GBP/USD is currently trading around 1.3149, having recently approached a seven-month low after reaching 1.3010 earlier in November. This movement indicates a currency grappling with the challenges posed by diminishing UK fiscal clarity, weakening growth momentum, and an unsettled U.S. rate environment. The pair’s modest recovery to 1.3145 was solely a result of the Dollar … Read more
EUR/USD is currently positioned around 1.1630, lingering just below the 1.1655 high, as the market remains confined within a seemingly tight framework that conceals increasing pressure. The breakout above 1.1610, which had previously limited every rally throughout October, now serves as the pivotal point distinguishing short-term momentum from the medium-term trend. The pair has experienced … Read more
The USD/JPY is currently positioned around 154.60, showing a significant recovery from its intraday dip to 153.62. The pair is now just shy of half a point from the nine-month peak of 155.04, which was briefly reached earlier this week. This rebound occurs at a time when the U.S. Dollar regains stability following the government … Read more
Investor sentiment towards risk stayed strong on Wednesday as the US House geared up to vote on concluding the longest government shutdown in American history. As we reach the 43rd day, a favorable vote would enable government agencies to start disseminating a significant backlog of economic data in the upcoming weeks — data that is … Read more
GBP/USD is currently positioned between 1.3140 and 1.3200 following a recovery from the intraday decline influenced by the reopening of the U.S. government and a subsequent selloff in the USD, which has decreased to the range of 99.37 to 99.50 on the DXY. The pair’s recovery toward 1.3197, reaching a new two-week high, indicates a … Read more
The EUR/USD has ascended into the 1.1615–1.1630 range following a breach of a resistance level that had held the pair back for several weeks. This movement was propelled by a U.S. Dollar that experienced immediate weakening after the conclusion of a 43-day government shutdown, marked by a close 222–209 vote in the House. The recent … Read more
The USD/JPY pair is currently positioned around 154.30–155.00, approaching levels that haven’t been observed in eight months. This movement is influenced by political developments in Tokyo, which are altering expectations regarding the forthcoming policy decision from the Bank of Japan. Prime Minister Sanae Takaichi’s initial formal discussion with Governor Kazuo Ueda triggered fluctuations as she … Read more
The USD/CHF experienced a significant decline. However, it continues to operate within a wide consolidation range. Support is positioned around 0.79, and a breakout above 0.8150 may trigger bullish momentum, particularly with the possibility of SNB intervention on the horizon. The US dollar has experienced a notable decline against the Swiss franc during trading on … Read more
The GBP/USD has decreased to 1.3105, reflecting a decline of 0.34% in Wednesday’s North American session. The pair’s weakness indicates a significant interplay of UK political instability, declining labor data, and evolving expectations regarding Bank of England policy. Meanwhile, the U.S. Dollar Index remains stable around 99.58 as Washington moves closer to concluding its government … Read more