The USD/CAD pair exhibited volatility near 1.41 on Thursday, indicating the formation of another potential shooting star pattern. A short-term pullback toward 1.40 appears probable, although buyers may resurface at that level in the context of persistent U.S. dollar strength and trade-related fluctuations. The U.S. dollar exhibited volatility during the trading session on Thursday in … Read more
The EUR/USD pair experienced a notable increase, approaching 1.1575, marking its peak since late October. This movement coincided with a significant decline in the U.S. Dollar Index, which fell to 99.85 due to disappointing American labor data and growing fiscal stagnation in Washington. Market participants are adjusting their expectations regarding the Federal Reserve’s trajectory, as … Read more
USD/JPY declined to approximately 152.85 in late Friday trading, following a rejection near 153.50, resulting in a 0.6% loss for the week as investors adopted a more cautious stance ahead of the U.S. consumer sentiment data. The pair initially experienced an uptick as disappointing Japanese household spending figures led to a depreciation of the yen; … Read more
The AUD/USD exchange rate exhibited some stabilization following the Supreme Court’s consideration of arguments regarding Donald Trump’s tariffs on Wednesday. The latest jobs report indicated a slight increase, reflecting stabilization in the labor market last month. The AUD/USD pair has been trading within a narrow range following the Supreme Court’s apparent skepticism regarding Donald Trump’s … Read more
The GBP/USD currency pair is currently exhibiting a precarious equilibrium, fluctuating between 1.3055 and 1.3070, following a slight recovery from a seven-month low close to 1.3000 earlier this week. Market participants are preparing for the Bank of England’s policy announcement later today, with expectations divided between a dovish stance at 4.00% and a possible indication … Read more
The EUR/USD currency pair demonstrated a consistent recovery on Thursday, rising 0.36% to 1.1529, following a significant bounce from a three-month low of 1.1468 earlier in the week. The decision came after a volatile midweek session characterized by varied U.S. macroeconomic data, accommodating signals from Federal Reserve officials, and a positive shift in sentiment among … Read more
The USD/CAD experienced another rally, reflecting ongoing fluctuations that are nonetheless indicative of positive trends. This aligns well with the current economic landscape, particularly as the interest rate differential is advantageous for the US dollar, while the Canadian dollar has been under significant pressure for some time. Assuming all factors remain constant, this market presents … Read more
The EUR/USD pair is under notable pressure, currently trading at approximately 1.1483, after a week marked by strong U.S. data and a renewed demand for the dollar in global markets. The euro’s attempt to bounce back from its October lows fell short as investors recalibrated their strategies, expecting ongoing strength in the U.S. economy. Meanwhile, … Read more
USD/JPY is currently positioned at 153.90, bouncing back from Tuesday’s low of 152.00, as strong U.S. economic data has revitalized the strength of the dollar. The ISM services PMI increased to 52.4, rising from 50.8, while the ADP employment report indicated a gain of 25,000 jobs compared to a previous loss of 32,000. The data … Read more
The US dollar index moved within a three-point range around the 100 mark on Monday, finishing at a six-month high. A few weeks ago, it is pointed out 100 as a possible target for bullish movements. If momentum decreases from here, it could indicate wave C of a flat ABC correction. This remains an essential … Read more