The USD/JPY pair declined beneath 147.00, reaching two-week lows around 146.60, as widespread U.S. Dollar weakness affected global markets. The recent correction is a response to the underwhelming payroll data, which revealed a 32K job decline in September, contrary to the anticipated 50K increase. Additionally, August’s figures were sharply revised downward from +54K to a … Read more
The GBP/USD pair is currently positioned at approximately 1.3435, making efforts to establish stability following a decline to 1.3424 on Thursday. The rejection at 1.3500 halted a four-day recovery and pushed sterling back into its consolidation range between 1.3400 and 1.3500. The recent decline of the U.S. Dollar Index to a four-month low of 97.90 … Read more
The EUR/USD pair is currently at 1.1719, reflecting a minor decline of 0.09% following consecutive bearish sessions. The U.S. Dollar is strengthening as the federal shutdown reaches its third day, resulting in markets lacking essential economic indicators like Nonfarm Payrolls and Initial Jobless Claims. The lack of labor figures compels traders to depend on less … Read more
The USD/JPY pair is currently positioned at approximately 147.20 in early October, showing signs of recovery after a four-day decline, as the U.S. Dollar has regained its strength despite the government shutdown that has interrupted essential data releases. The unsuccessful attempt to pass a federal spending bill resulted in the cancellation of September’s Nonfarm Payrolls … Read more
The GBP/USD pair is maintaining its position around 1.3490–1.3500, continuing its upward trend after five consecutive sessions of growth. Sterling’s resilience is observed amid a backdrop of widespread U.S. Dollar Index weakness, which has declined toward the 97.70–97.75 range, influenced by political gridlock in Washington and worsening labor data. The ongoing U.S. government shutdown has … Read more
The EUR/USD pair is currently positioned at approximately 1.1740 following a series of sessions characterized by limited volatility. The recent four-day rally that momentarily elevated the euro to 1.1755 has come to a halt, indicating a balance between the dollar’s weakness associated with the U.S. government shutdown and the softer economic fundamentals in Europe. Wall … Read more
The USD/JPY pair is currently trading within the range of 146.60 to 147.20, with fluctuations driven by a mix of U.S. political stagnation, emerging issues in the labor market, and the Bank of Japan’s subtle yet ongoing transition from its ultra-loose monetary policy stance. Following a peak of 149.90 in late September, the pair experienced … Read more
The GBP/USD currency pair surged to 1.3512, marking its peak since September 24, as it continued a four-day rally fueled by a significant decline in the U.S. dollar. Sterling’s momentum was driven by disappointing U.S. labor data, increasing confidence in Federal Reserve rate cuts, and the political and economic turmoil stemming from the ongoing U.S. … Read more
The EUR/USD pair is currently positioned at 1.1748, following significant fluctuations influenced by a combination of political developments in Washington and disappointing U.S. labor statistics. The U.S. government has officially entered a shutdown at midnight due to Congress’s inability to pass a funding bill. This situation has resulted in federal workers being furloughed and heightens … Read more
The British pound has continued its upward trajectory against the U.S. dollar for the third straight session, with GBP/USD currently at 1.3461, reflecting a 0.20% increase for the day, as political instability in Washington prompts investors to divest from the greenback. The potential U.S. government shutdown has diminished demand for the dollar, heightening concerns that … Read more