USD/CAD experienced fluctuations as the pair approached the previous downtrend line, seeking support and momentarily rebounding. The market’s attention is now directed towards the forthcoming FOMC meeting, which could influence the trajectory of the US dollar, determining if it continues its recovery or declines further. The US dollar exhibited significant volatility against the Canadian dollar … Read more
The AUD/USD exchange rate maintained its robust recovery as market participants anticipated the forthcoming Federal Reserve interest rate decision and its possible divergence from the Reserve Bank of Australia. The value increased to a peak of 0.6640, rising from the previous month’s low of 0.6420. The primary element impacting the AUD/USD pair is the anticipated … Read more
The GBP/USD pair is experiencing an upward trend for the third week in a row, currently trading around 1.3330, marking its highest point since October 27. The British pound’s recovery is occurring as investors are factoring in a 93% probability of a Federal Reserve rate cut at this week’s meeting, which has driven the U.S. … Read more
USD/CAD is currently limited, with the 50-day EMA and the 1.40 level hindering upward movement, while the pair is positioned on the 200-day EMA. Market participants are closely monitoring the upcoming Canadian employment figures and the anticipated Federal Reserve rate cut next week for guidance on market direction. The US dollar started strong against the … Read more
The GBP/USD pair is currently positioned at approximately 1.3330, moving within a tight range as market participants prepare for a significant alignment in monetary policy between the Federal Reserve and the Bank of England. The market has factored in a highly probable 25-basis-point reduction by the Fed in the upcoming week, while anticipations for a … Read more
The EUR/USD pair is currently positioned at approximately 1.1650, continuing its erratic consolidation phase following a significant eight-day rally that paused near 1.1679—marking its peak in seven weeks. The euro is experiencing upward momentum, driven by robust Eurozone growth data and a general weakness in the U.S. dollar. However, it is now facing a significant … Read more
The AUD/USD pair maintained its upward trajectory as expectations for a more hawkish Reserve Bank of Australia increased. The asset has experienced an upward trend for ten consecutive days, achieving a peak of 0.6600, marking its highest point since October 28 of this year. Market participants anticipate that the RBA will adopt a relatively hawkish … Read more
Amid renewed positive momentum, the Euro has demonstrated a robust performance this week, bolstered by favorable yield differentials. On dependable trading platforms, the EUR/USD exchange rate increased to the 1.1675 resistance level yesterday, Wednesday, bolstered by positive trends in bond markets. Recently, bond yields (the interest rate paid on government debt) have increased more rapidly … Read more
The USD/JPY pair continued its two-week decline, dropping to 154.50, marking its lowest point since mid-November. This movement reflects the significant volatility in global FX markets, driven by the contrasting monetary policies of the Federal Reserve and the Bank of Japan. The yen appreciated following comments from BoJ Governor Kazuo Ueda, suggesting a potential increase … Read more
USD/CAD is retracing from levels above 1.40, maintaining support around the 50- and 200-day EMAs. Market activity in USD/CAD seems confined within a range, exhibiting a modest bullish inclination influenced by the relative strength of the U.S. economy. The US dollar made an attempt to strengthen on Tuesday but ultimately relinquished its gains beyond the … Read more