ForexNewsPlus Updates

EUR/USD Holds Firm at 1.1560 as Dollar Dips on Fed Rate Cut Speculation

The EUR/USD pair has demonstrated a calculated strength as the week concludes, maintaining a position near 1.1560, reflecting an increase of 0.16%. This movement comes as investors step back from the U.S. dollar, influenced by escalating political dysfunction in Washington and diminishing macroeconomic clarity. The ongoing U.S. government shutdown has reached its 38th day, significantly … Read more

ForexNewsPlus News

USD/JPY Outlook – Hits 153.00 as Dollar Gains Amid Yield Stability

USD/JPY recovered above 153.00 following a 100-pip, 0.68% decline, as buyers supported the 20-day setup amidst a more stable U.S. rates environment. Spot regained 153.00 as U.S. 10-year Treasuries stabilized around ~4.6%, reinforcing the established correlation between the two and front-end U.S. yields. The immediate map is clear: initial support is located around 153.00, with … Read more

ForexNewsPlus Updates

USD/CAD Takes a Breather in a Turbulent Market

The USD/CAD pair exhibited volatility near 1.41 on Thursday, indicating the formation of another potential shooting star pattern. A short-term pullback toward 1.40 appears probable, although buyers may resurface at that level in the context of persistent U.S. dollar strength and trade-related fluctuations. The U.S. dollar exhibited volatility during the trading session on Thursday in … Read more

ForexNewsPlus Updates

GBP/USD Faces Hurdles at 1.3150 Amid U.S. Job Woes and Shutdown

GBP/USD was observed trading around 1.3148, showing a slight recovery from a daily low of 1.3094, as market participants processed a combination of U.S. political stagnation, disappointing employment figures, and the Bank of England’s accommodative position. The pair experienced a 0.10% increase intraday; however, it continues to be trapped in a delicate consolidation phase after … Read more

ForexNewsPlus Updates

EUR/USD Soars to 1.1575 as Fed’s Dovish Stance Weaken Dollar

The EUR/USD pair experienced a notable increase, approaching 1.1575, marking its peak since late October. This movement coincided with a significant decline in the U.S. Dollar Index, which fell to 99.85 due to disappointing American labor data and growing fiscal stagnation in Washington. Market participants are adjusting their expectations regarding the Federal Reserve’s trajectory, as … Read more

ForexNewsPlus News

USD/JPY Outlook – 152.85 Amid 153K U.S. Job Cuts

USD/JPY declined to approximately 152.85 in late Friday trading, following a rejection near 153.50, resulting in a 0.6% loss for the week as investors adopted a more cautious stance ahead of the U.S. consumer sentiment data. The pair initially experienced an uptick as disappointing Japanese household spending figures led to a depreciation of the yen; … Read more

ForexNewsPlus Updates

AUD/USD Steadies as Markets Weigh US Tariff Hearings and Jobs Data

The AUD/USD exchange rate exhibited some stabilization following the Supreme Court’s consideration of arguments regarding Donald Trump’s tariffs on Wednesday. The latest jobs report indicated a slight increase, reflecting stabilization in the labor market last month. The AUD/USD pair has been trading within a narrow range following the Supreme Court’s apparent skepticism regarding Donald Trump’s … Read more

ForexNewsPlus News

GBP/USD Stays Around 1.3060 Before BoE Decision

The GBP/USD currency pair is currently exhibiting a precarious equilibrium, fluctuating between 1.3055 and 1.3070, following a slight recovery from a seven-month low close to 1.3000 earlier this week. Market participants are preparing for the Bank of England’s policy announcement later today, with expectations divided between a dovish stance at 4.00% and a possible indication … Read more

ForexNewsPlus Updates

EUR/USD Bounces Back from 3-Month Low as Dollar Weakens

The EUR/USD currency pair demonstrated a consistent recovery on Thursday, rising 0.36% to 1.1529, following a significant bounce from a three-month low of 1.1468 earlier in the week. The decision came after a volatile midweek session characterized by varied U.S. macroeconomic data, accommodating signals from Federal Reserve officials, and a positive shift in sentiment among … Read more

ForexNewsPlus News

USD/JPY Outlook – Eyes on 153.60 for Potential Breakout

The USD/JPY pair is currently exhibiting a narrow range, fluctuating around 153.60–153.90, as market participants weigh the strength of the U.S. economy against Japan’s persistent monetary divergence. Despite short-term fluctuations influenced by the employment report (42,000 new jobs in October) and ISM Services PMI (52.4), the overall sentiment remains optimistic. The Japanese Yen is experiencing … Read more