ForexNewsPlus Updates

GBP/USD Soars to 1.3450 as UK GDP Stays Strong

GBP/USD is currently at 1.3450, reflecting an increase of 0.59% for the session, having recorded a daily low of 1.3374 and reaching a new monthly high of 1.3457. The recent shift is not attributed to “mystical Sterling strength” — rather, it reflects a thin-liquidity surge triggered by a single positive UK data release in a … Read more

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EUR/USD 1.17 Holds as 1.18 Breakout Forms

EUR/USD is currently positioned between 1.1720 and 1.1750, having halted a four-day decline and gaining momentum as liquidity increases in the Christmas week. The pair is not experiencing an upward movement based on optimism. The market is experiencing a rally driven by a combination of factors: a softer USD tone, adjustments in the rate path, … Read more

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USD/JPY Dips to 156.95 After 157.75 Surge Amid BoJ Hike Concerns

The tape is exhibiting behavior indicative of a market that aspires for elevated levels, yet is compelled to adhere to established risk parameters. The USD/JPY pair advanced to the 157.75 level, subsequently retracing approximately 50 pips to around 157.25 following the reactivation of intervention strategies by Japan’s leading currency authorities. The pair is currently fluctuating … Read more

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GBP/USD Stays Under 1.34 Amid BoE Cut, Weak Jobs, and Strong Dollar

GBP/USD is currently positioned between 1.337 and 1.338, remaining just below the 1.3400 resistance level that has consistently deterred buyers. The price movement observed throughout the week has exhibited volatility without a clear trend: the pair approached 1.3400, encountered resistance, and subsequently declined, indicating uncertainty rather than a definitive breakout. The market is currently confined … Read more

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EUR/USD Caught Between 1.17 Support and 1.18 Resistance

The EUR/USD pair has increased from approximately 1.16440 prior to the recent Fed decision, reaching a peak above 1.18030. However, each attempt to maintain levels in the 1.18 range is met with selling pressure. The pair tested the 1.17030 level on both Wednesday and Friday, indicating that while buyers are willing to support dips, they … Read more

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USD/JPY Hits 158 as BoJ’s “Dovish Hike” Fuels Yen Sell-Off

Last week saw a significant increase in USD/JPY, with the pair rising over 200 pips on Friday alone, closing near ¥157.7–¥157.8, approaching the 2025 high. Weekly movements contribute approximately 1.2%–1.3%, continuing a two-week upward trend and maintaining the dollar’s strong position against the yen. This is occurring within a broader context. The US dollar index … Read more

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GBP/USD Stuck Around 1.34 Amid Weak UK Data and Fed Caution

GBP/USD is currently positioned near 1.3380, with the price consistently struggling in the 1.3440–1.3455 range and discovering support slightly above 1.3300. The pair is fluctuating within a tight range of 1.3300 to 1.3455, with 1.3375 serving as a pivotal point where buying and selling activities are consistently adjusting positions. Recent data from the UK indicates … Read more

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EUR/USD Holds Steady Under 1.18 as ECB-Fed Policy Split Boosts Euro

EUR/USD has retraced to the 1.1710–1.1740 range following its test of the 1.18 level, yet the fundamental macro backdrop remains favorable for the euro. The ECB has maintained its key rate at 2.00% for the fourth consecutive meeting, while also increasing its growth and inflation projections for 2026. Core Eurozone inflation remains at approximately 3.1%, … Read more

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USD/JPY Soars Post BoJ’s 0.75% Hike, Targeting 161.50 Resistance

The Bank of Japan has made a significant move by raising its short-term rate from 0.50% to 0.75%, marking the highest level in approximately thirty years, and this decision was reached by unanimous vote. Headline inflation stands at approximately 2.9%, with core inflation nearing 3.0%, significantly exceeding the Bank of Japan’s 2% target. Despite this, … Read more

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AUD/USD Range-Bound as Dollar Strength Caps Upside

The AUD/USD pair continues to trade within a narrow range, showing only a slight recovery, as ongoing strength in the U.S. dollar constrains upside potential. Key technical levels outline possible price movements; however, fading rallies remains the preferred strategy given the lack of momentum and persistent macro uncertainty. AUD/USD showed a modest rebound during Thursday’s … Read more