ForexNewsPlus Updates

AUD/USD Stalls Near 0.67 as Double Top Risk Emerges

The Australian dollar remains steady around the 0.67 resistance level as the US dollar strengthens across the board, keeping AUD/USD capped near a key technical barrier. Price action indicates a potential double top formation, signaling a shift towards range-bound, sideways-to-lower trading conditions. The Australian dollar has exhibited considerable volatility throughout the trading session, yet AUD/USD … Read more

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GBP/USD Stays at 1.34 Before BoE Rate Cut and US Jobs Report

The GBP/USD pair is currently positioned between $1.3380 and $1.3400, reflecting an increase of approximately 0.25 to 0.30% for the day. The pair remains stable despite markets anticipating a nearly fully priced 25 basis point reduction from the BoE, bringing the Bank Rate down to 3.75%. The market appears to be positioning itself for an … Read more

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EUR/USD Holds 1.17 before ECB Meeting and NFP Push Pair to 1.20

The EUR/USD pair is currently positioned within the 1.1730–1.1750 range, following a retracement from last week’s peak near 1.1760–1.1762, marking the highest level observed in approximately two months. The pair momentarily exceeded 1.1750 before retreating to the 1.1730–1.1740 range, yet the price continues to hold above last week’s lows and significantly above the mid-November support … Read more

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USD/JPY Hits 155 as Yen Gains as BoJ Hike Meets NFP

The USD/JPY pair is currently positioned within the 155.0–155.5 range, reflecting a decline of approximately 0.3–0.5% for the day, following its inability to maintain the upward movement towards 158.0 observed in late November. The pair declined to an intraday low close to 154.8 and is currently positioned just below the 21-day simple moving average at … Read more

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GBP/USD Stays in 1.33–1.34 Range Ahead of Key Central Bank Week

GBP/USD commenced the week at approximately 1.3325 and concluded around 1.3373, navigating within a constrained range of 1.3288–1.3434. That represents approximately a +0.36% increase on a weekly basis – a steady yet not dramatic upward movement. The EUR/USD pair commenced trading close to 1.1640, subsequently rallied to 1.1762, and concluded at approximately 1.1743, reflecting a … Read more

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EUR/USD Stays Near 1.17 as Fed Cuts and Euro Faces Resistance

EUR/USD navigated through a significant resistance zone throughout the week, concluding just beneath the upper boundary. The pair commenced trading at approximately 1.1640 and concluded at around 1.1743, with intra-week peaks nearing 1.1762. The result indicates an approximate 0.88% increase for the week, alongside a definitive examination of the 1.1686–1.1748 Fibonacci range that has impeded … Read more

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USD/JPY slips as dollar weakens ahead of key central bank decisions

The USD/JPY pair concluded the week at approximately ¥155.80, reflecting an increase of about 0.30% and successfully ending a two-week decline. The price has fluctuated throughout the month, hovering around the ¥155 mark on the lower end and the ¥158 level on the upper end. The two levels currently delineate the immediate area of contention. … Read more

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GBP/USD Hits 1.34 as BoE Cuts and US Data Loom

GBP/USD exhibited a notably positive trend this week, reaching multi-week highs in the 1.3430–1.3438 range before retreating to approximately 1.3360 by the end of the trading session. The recent movement was propelled by the latest 25 basis points Federal Reserve rate cut and indications of additional easing anticipated in 2026, impacting the USD and enabling … Read more

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EUR/USD Stays at 1.1740 Amid Fed Cuts and Data Delays Test the 1.1762 Break

EUR/USD is currently positioned at approximately 1.1740–1.1741 following the recent 25 bp Fed cut, effectively maintaining its stance just below a clearly established resistance band rather than showing signs of reversal. The price is consolidating within the upper segment of the recent range, rather than retreating from it. Positioning indicates a cautious stance, yet remains … Read more

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USD/JPY Stays in 154–158 Range After BoJ’s 0.75% Hike

The USD/JPY pair has maintained a close correlation with the front end of the U.S. yield curve in recent weeks. The correlation with the pricing for a Fed cut in 2026 stands at approximately -0.7, while the relationship with the two-year Treasury yield is around +0.77. In contrast, the connections to the 10-year yield, broader … Read more