Forex News+ Updates 
The USD/CAD pair demonstrates a rejection of gains at the 1.38 level, with resistance remaining intact, while recent Federal Reserve bond-buying activities exert pressure on the dollar. The current tightening of rate differentials contributes to volatile trading conditions, presenting risks below 1.37 and 1.36, whereas an upward movement necessitates a breach of 1.39. The US … Read more
The recent movement in GBP/USD is underpinned by a fundamentally weaker USD. The dollar index is currently positioned between 98.20 and 98.34 within a distinct descending channel. Resistance levels are identified near 98.76 and 99.24, while support is found around 97.80 and 97.47. The price is currently positioned beneath the 20- and 50-day EMAs, which … Read more
On December 12, EUR/USD is positioned near 1.173–1.174, following a rise to a 10-week peak in the 1.1750–1.1762 range, reflecting an increase of nearly 2% over the past three weeks. The pair has decisively moved beyond the 1.16–1.17 congestion band and is currently approaching a resistance cluster between 1.1760 and 1.1788. The market is evidently … Read more
The USD/JPY pair is currently positioned close to 156.00, having fluctuated between resistance levels around 157.00 and support levels near 155.00 throughout the week. The pair initially approached the upside ahead of the Fed meeting, subsequently declined toward 155.00 due to weaker US data, and has now recovered as the yen lags behind in performance … Read more
GBP/USD is currently positioned in the 1.3370–1.3420 range following a significant upward movement from the 1.3000 low observed on 4 November, primarily driven by a softer USD. The Fed executed a third consecutive 25 basis points reduction, adjusting the funds rate to a range of 3.50–3.75% with a 9–3 vote, which subsequently led to widespread … Read more
EUR/USD is currently positioned at $1.1720, reflecting an increase of nearly 0.8% over the past two sessions, following the Federal Reserve’s third consecutive 25 basis points rate cut, which has led to a depreciation of the US Dollar. The Federal Reserve has lowered the funds range to 3.50%–3.75%, marking its lowest level in three years, … Read more
The USD/JPY pair is currently positioned within the 155.10–155.60 range following a notable intraday decline of approximately 0.5%, which contributes to a two-day recovery of the yen. The pair has declined from recent peaks around 156.90–157.00 and is currently examining a robust support zone situated between 155.50–155.00, as the market adjusts to the altered rate … Read more
The GBP/USD pair is currently trading at 1.33 United States Dollar, showing a 0.23% intraday increase after recovering from earlier lows near 1.3296. Sterling’s strength continues to build as investors anticipate synchronized policy easing from both the Federal Reserve and the Bank of England. The price action continues to show strong support above the 15-day … Read more
EUR/USD is currently positioned at approximately 1.1622, exhibiting a narrow consolidation range as market participants prepare for the Federal Reserve’s concluding rate decision for 2025. The pair is positioned just above its 1.1605 support level, indicating a degree of investor uncertainty regarding the potential finality of the Fed’s 25-basis-point cut in this cycle. Current futures … Read more
The USD/JPY pair is currently positioned at 156.57, having declined by 30 pips during the Asian trading session, influenced by a strengthening yen following comments from Prime Minister Sanae Takaichi, who stated that Tokyo is “closely monitoring market developments.” The language prompted short-covering; however, the yen’s appreciation is constrained by ongoing policy divergence. The pair’s … Read more