The USD/CAD pair moves upward, approaching the 1.3580 level during the Asian session on Thursday. In January, the US Non-Farm Payrolls increased significantly, marking the largest rise in over a year, while the Unemployment Rate saw an unexpected decline. Market participants prepare for the upcoming US January CPI inflation data, set to be released on … Read more
GBP/USD is currently positioned between 1.3630 and 1.3640, showing minimal movement during the session following a test of the 1.3600 level earlier today. The pair remains approximately 1.6% higher year-to-date, indicating that this movement represents a pause within an ongoing uptrend rather than a reversal. Intraday ranges are tight: price is oscillating in a narrow … Read more
The recent US labor report presented a notable upside surprise, influencing the direction of EUR/USD. Non-farm payrolls increased by 130,000 jobs, surpassing expectations of approximately 70,000, while the unemployment rate decreased from 4.4% to 4.3%. The combination indicates a persistently tight labor market, which clarifies why futures currently reflect approximately a 94% probability that the … Read more
In the early Asian session on Wednesday, the USD/CAD pair has shown a decline, trading at approximately 1.3550. The Canadian Dollar is supported by an increase in crude oil prices and changing expectations regarding the Bank of Canada’s monetary policy. The postponed US employment figures for January will be the focal point later on Wednesday. … Read more
GBP/USD is currently positioned in the mid-1.36s to high-1.36s range, maintaining a solid stance above the 1.3650–1.3660 zone following a recovery from the significant decline observed after the Bank of England’s announcement. The price was unable to establish acceptance above the 1.3700–1.3729 resistance level; however, the pattern of higher lows from 1.3600–1.3632 remains intact. The … Read more
GBP/USD is currently positioned in the range of 1.3680–1.3670 in Europe, having struggled to maintain levels above 1.37. The current price is positioned slightly above the nine-day EMA, which is concentrated around the range of 1.3650 to 1.3655, and is significantly above the 50-day EMA located near 1.3513. The pair continues to trade within an … Read more
GBP/USD is currently positioned between 1.3600 and 1.3610, having pulled back from the late-January high of approximately 1.3869. This movement reflects a decline of nearly 200 pips from the four-year peak, yet the fundamental uptrend remains intact. The daily chart indicates that the pair remains above the 100-day EMA, maintaining a medium-term upward structure as … Read more
The USD/JPY attempted to build on its post-election momentum but encountered resistance precisely at the anticipated selling point. The price reached an intraday high between ¥157.72 and ¥157.76, nearing the December 19 peak of ¥157.76 and falling slightly short of the January 20 high close to ¥158.60. The range between approximately ¥157.7 and ¥158.6 has … Read more
The EUR/USD pair is currently positioned at approximately 1.179, having struggled to maintain the breakout beyond 1.2000 and retreating from the four-year peak of 1.2085. The price has recently reached a two-week low close to 1.1777, with intraday support forming around the range of 1.1775–1.1780, as buyers attempt to maintain that level for the second … Read more
GBP/USD is maintaining the majority of its January recovery following a significant 4% increase from the monthly low. The price reached a multi-year high of 1.3869 on 27 January, marking the strongest level since September 2021, before experiencing a pause. Recent sessions indicate that GBP/USD commenced near 1.3665, reaching intraday peaks of approximately 1.3707, and … Read more