Forex News+ Updates 
The USD/JPY rate is currently positioned within the ¥158.40–¥158.60 range following a mild risk-off shift that caused U.S. indices to retreat from their recent peaks. The Nasdaq 100 experienced a decline of approximately 1.0%, while the S&P 500 saw a decrease of 0.5%, and the Dow Jones inched down by 0.1%. The technology sector was … Read more
The USD/CAD pair exhibited a degree of strength during the Tuesday session, with the US dollar gaining modestly against the Canadian dollar, reflecting the Greenback’s ongoing resilience. USD/CAD has maintained a slightly positive tone during the early hours on Tuesday, oscillating around several key moving averages. It is important to note that the Canadian dollar … Read more
GBP/USD is confined within a narrow range, with the price hovering between approximately 1.3390 and 1.3520, facing challenges in maintaining levels above 1.3500. The pair has been fluctuating between 1.3430 and 1.3470, encountering resistance near the 1.3490 to 1.3500 area while consistently attracting buyers just above 1.3390. On the daily chart, the January 13 high … Read more
The EUR/USD pair is oscillating within a tight range of 1.1645–1.1660, slightly above a one-month low of 1.1618 and near the clustered support area of 1.1615–1.1635. Ongoing assessments of this zone since the previous week, along with the presence of long lower wicks on the latest 2-hour and 4-hour candles around 1.1620, indicate that there … Read more
The USD/JPY rate is currently positioned between 158 and 159, having momentarily exceeded 159 earlier this week and reaching approximately 159.45 during early European trading, marking a peak not seen in one and a half years. The recent movement reflects an 8% increase since early October, coinciding with Sanae Takaichi’s rise as LDP leader, positioning … Read more
The AUD/USD exchange rate experienced an upward trend over three consecutive days, driven by a weakening US dollar amidst worries regarding the Federal Reserve’s autonomy. The asset reached a peak of 0.6720, surpassing the previous week’s low of 0.6663. The Australian dollar experienced a rebound as investors continued to express concerns regarding the Federal Reserve’s … Read more
GBP/USD attracted buyers just below 1.3400 at the close of the previous week, subsequently rebounding above 1.3450 as the dollar experienced a decline triggered by a specific event: legal proceedings against Fed Chair Jerome Powell, which directly impacted the perception of Fed independence. The subpoenas issued by the Department of Justice regarding building renovation testimony … Read more
EUR/USD is currently positioned within the 1.1660–1.1670 range, constrained within a narrow compression zone influenced by macroeconomic data, US political developments, and extended positioning dynamics. The pair has consistently upheld supports in the range of 1.1612–1.1620, while each effort to push higher encounters limitations below a substantial resistance zone spanning approximately 1.1686 to 1.1748. This … Read more
The USD/JPY is currently positioned near ¥159.00, revisiting levels observed in July 2024 following a series of six consecutive daily increases and the most significant single-day movement in several months. The pair has ascended from the mid-156s through the 157.70–157.90 range and is currently approaching the 158.88–159.00 resistance zone, which signifies the current high for … Read more
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