The GBP/USD pair is currently fluctuating within a narrow range of 1.3380–1.3415, following a retreat from the year-to-date high of 1.3565–1.3567. The current level represents a decline of approximately 1.1–1.4 cents from the peak, yet it remains well above the November low of 1.3015. On the day, one snapshot has GBP/USD near 1.3414, up about … Read more
The EUR/USD is currently experiencing a corrective bounce rather than indicating a trend reversal. The pair has bounced back from the 1.1575–1.1600 support area and is attempting to find stability around 1.16–1.1640. However, the overall trend remains negative as long as the price remains below 1.1640, 1.1655, and importantly, 1.1695–1.1740. Clearly defined levels indicate potential … Read more
The USD/JPY pair is currently positioned between 157.8 and 158.0, having slipped below the 158.00 mark. This shift appears to be influenced primarily by a general decline in the USD rather than an abrupt increase in demand for the yen. The Dollar Index is currently positioned around 99.18, reflecting a decline of approximately 0.2%. This … Read more
The EUR/USD pair has transitioned from a steady ascent towards the 1.1750–1.1800 range into a measured decline that is currently probing the 1.16 level. Following a decline to a five-week low around 1.1618, the pair experienced a recovery towards approximately 1.1698; however, any advance beyond the 1.1660–1.1700 range is facing selling pressure. The spot rate … Read more
The USD/JPY pair is currently positioned just beneath the 160.00 mark, having recently surpassed the 159.00 level. Spot levels around 159.24 indicate the extent to which the yen side has become stretched, bringing markets near a critical psychological and political threshold. The action follows several months of yen depreciation influenced by negative real rates in … Read more
The primary factor keeping GBP/USD around 1.3380 is the change in expectations regarding the Federal Reserve, rather than any domestic news from the UK. US inflation remains persistent: the headline CPI is currently at 2.7% year-on-year, consistent with the previous month, whereas the PPI has increased to approximately 3.0% from 2.8%. The labor market contributes … Read more
The EUR/USD pair is currently positioned between 1.1593 and 1.1600, with the latest quote at 1.1599, reflecting a decrease of approximately 0.08% for the day and a decline of about 0.3% over the past two sessions. The pressure is predominantly originating from the USD side. The US Dollar Index is currently positioned at approximately 99.38, … Read more
The USD/JPY pair is currently positioned near 158.00, following a week in which the Dollar maintained its strength but exhibited a decline in momentum relative to the Yen. The pair momentarily exceeded 159.00 before retreating, concluding the week approximately 0.4% lower as Japanese officials intensified their warnings and the markets adjusted to a heightened likelihood … Read more
The USD/CAD pair declines to approximately 1.3890 during the Asian trading session on Friday. The Canadian Dollar appreciates against the Greenback as crude oil prices experience a rebound. Market participants will closely monitor the US December Industrial Production report and the subsequent comments from Federal Reserve officials later on Friday. The USD/CAD pair is currently … Read more
GBP/USD is currently positioned around 1.3380, having struggled to maintain momentum towards 1.3413 and subsequently retreating beneath the 200-day SMA at 1.3405. Spot has established a four-week low in the range of 1.3366–1.3370 and is currently fluctuating slightly above that level, aligning with short-term support near 1.33612 as indicated by the intraday technical analysis. The … Read more