ForexNewsPlus Updates

EUR/USD Stays Above 1.1700 with ECB at 2.0% and US CPI at 2.7%

The fundamental configuration in EUR/USD features a 2.0% ECB deposit rate maintained, juxtaposed with a Fed that recently experienced a headline CPI decline to 2.7% year-on-year, compared to a consensus of 3.1%. The interplay of these factors diminishes the strength of the USD narrative, particularly as the ECB indicates that its current policy stance is … Read more

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USD/JPY Stays Above 155 as BoJ and US CPI Signal Major Shift

The USD/JPY pair is currently maintaining its position within the 155.50–156.00 range, having tested levels above 155.60 during the early Asian session and continuing to rise as the European session progresses. In the past week of trading, the pair has experienced a modest decline of approximately 1%, which can be considered a minor pullback in … Read more

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AUD/USD Struggles Below 0.67 as Downside Risks Persist

The AUD/USD pair is facing challenges beneath the 0.67 threshold, as successive rallies diminish in the context of global trade uncertainty. Until that barrier is surpassed, the potential for downside risk continues to be significant, particularly towards the 0.6550 level. AUD/USD appears to be in a state of uncertainty currently, as the 0.67 level serves … Read more

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GBP/USD Faces Pressure as Weak UK CPI Pulls Cable to 1.33

The movement in GBP/USD is initiated by the UK inflation report. In November, the headline CPI decreased to 3.2% year-over-year, down from 3.6%, falling below the consensus estimate of 3.5%. On a monthly basis, prices decreased by 0.2% following a 0.3% increase, indicating a clear signal of disinflation. Core CPI has decreased to 3.2% year-over-year, … Read more

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EUR/USD remains over 1.17 as bulls defend ECB and CPI uptrends

EUR/USD is currently positioned between 1.1720 and 1.1730 as of December 17, experiencing a pullback from the 1.1780 peak observed at the end of the previous week, yet maintaining a distinctly positive framework. The pair has decreased approximately 0.2–0.3% today after reaching a 12-week peak exceeding 1.1780. However, it continues to trade above the critical … Read more

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USD/JPY Hovers at 155.5 as Dollar Bounces Back

The USD/JPY currency pair is currently fluctuating between 155.40 and 155.60 following a significant intraday recovery, reflecting an approximate increase of +0.5% from the previous lows. The pair momentarily fell below the 155.00 threshold before rebounding toward 155.50, coinciding with a recovery in the US Dollar and an increase in Treasury yields. The Dollar Index … Read more

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USD/CAD Stalls at Key Level as Dollar Direction Takes Center Stage

USD/CAD continues to exhibit volatility around a significant technical level as market participants assess Federal Reserve policy and the overall strength of the dollar. The limited yield advantage suggests that the direction of USD/CAD will likely be influenced by fluctuations in other significant currency pairs. The US dollar has exhibited considerable volatility during the trading … Read more

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GBP/USD Hits 1.34 as Weak U.S. Jobs Data Meets BoE Cut Speculation

GBP/USD is currently positioned between 1.34 and 1.3430 following a significant intraday shift primarily influenced by macroeconomic data and adjustments in central bank expectations. In the United States, November nonfarm payrolls increased by just 64,000 following a decline of 105,000 in October, and the unemployment rate rose from 4.4% to 4.6%. Retail sales for October … Read more

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EUR/USD Eyes 1.18 Amid Weak Dollar and NFP, PMI Risks

EUR/USD remains stable above 1.1700, currently trading near the 1.1760–1.1780 range, following a two-month peak at approximately 1.1768. Each advance toward the 1.1770–1.1800 range is encountering profit-taking instead of strong selling pressure, indicating a balanced two-way market rather than a trend reversal. The pair is currently experiencing a slight upward trend in the short term, … Read more

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USD/JPY stuck in a range 154.50 to 158.90 amid BoJ-Fed split

USD/JPY has transitioned from a consistent upward trajectory into a phase of consolidation just beneath the highs. Following a peak close to 158.90 in early January and reaching a high of 158.05, approximately 13.25% above the late-September low, the pair has retraced toward the mid-150s, with recent values around 154.90–155.90. The current structure indicates a … Read more