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
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
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
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