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
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
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
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
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
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