The EUR/USD pair concluded the week around 1.1600, continuing its consolidation phase for the fourth week in a row. In light of the volatility observed in risk assets, the pair has consistently traded within the range of 1.1400 to 1.1720, indicating a strategic equilibrium between a dovish Federal Reserve and a prudent European Central Bank. … Read more
The USD/JPY pair hovered around ¥156.70 following comments from Japan’s Finance Minister Satsuki Katayama, who remarked that the recent volatility of the yen “is not moving based on fundamentals.” During an appearance on Fuji TV, Katayama highlighted the importance of stability that mirrors economic reality, indicating Tokyo’s growing unease regarding the depreciation of the yen. … Read more
The GBP/USD pair maintains strong momentum, having rallied from last week’s low of 1.3100 to currently hover around 1.3239, approaching short-term resistance near 1.3250. The pound has shown resilience, supported by a combination of domestic fiscal confidence, a rise in investor sentiment following the budget, and a decline in U.S. dollar strength as the Federal … Read more
The EUR/USD pair concluded the week at approximately 1.1601, reflecting a weekly increase of 0.81% and a monthly rise of 0.59% for November. The recent action comes in light of the ongoing decline in the US Dollar Index, which has fallen to 99.44 as market participants raised their expectations for a 25-basis point rate cut … Read more
The GBP/USD pair maintains its upward trend, currently trading near 1.3240, following its seventh consecutive daily increase. The recent development indicates a blend of dollar weakness, a favorable fiscal environment in the UK, and evolving monetary outlooks across both sides of the Atlantic. Market participants are adjusting their portfolios in anticipation of the significant central … Read more
The USD/CAD experienced a decline prior to the Thanksgiving lull, influenced by increasing expectations for forthcoming Fed rate reductions. In light of recent short-term weakness, it is important to note that major support zones are still holding firm, and the prevailing rate differentials suggest a favorable outlook for U.S. dollar strength in the future. The … Read more
The USD/JPY pair is currently positioned around 156.30, continuing its upward trajectory for the week following a recovery from an intraday low of 155.65. Japan’s yen remains under pressure, finding it difficult to maintain any recovery as traders assess the government’s new ¥21.3 trillion fiscal stimulus, marking the largest effort since the pandemic. Prime Minister … Read more
Australia’s recent inflation surprise has disrupted the RBA’s projections, eliminating expectations for immediate rate cuts and even introducing the possibility of an increase. Given the persistent underlying pressures and a shift towards a hawkish market pricing, AUD/USD appears to be transitioning into a new phase, and technical indicators suggest a diminishing bearish trend, which could … Read more
The USD/JPY pair is currently trading in the range of 156.45 to 156.60, maintaining stability even amid general weakness in the U.S. Dollar and fresh speculation regarding potential tightening measures from the Bank of Japan. The Yen continues to be the weakest currency among the G8, having declined nearly 5% since early October and over … Read more
The AUD/USD exchange rate remained confined within a narrow range at a crucial support level, as market participants anticipated the forthcoming Australian consumer inflation report. The pair was trading at 0.6463, slightly above last week’s low of 0.6430. The AUD/USD exchange rate has experienced a decline in recent months, coinciding with the US Dollar Index … Read more