ForexNewsPlus Updates

EUR/USD Stays Above 1.18 as Fed Cut Bets Target 1.20

The EUR/USD pair is currently hovering around $1.1820, positioned slightly above the $1.1800 pivot point, where short-term buyers and sellers are engaging in a competitive assessment. The price is positioned on a convergence of averages and trendlines that delineate the boundary between a gradual ascent towards $1.1925–$1.2000 and a more pronounced decline back towards $1.1740. … Read more

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USD/JPY Slides to 154 Amid 15% Tariff Shock on Carry Trade

The USD/JPY has shifted from a volatility peak around 155.65 on 20 February to a trading level nearer to 154.35 on 23 February, with intraday lows approaching the 154.00 mark and experiencing losses exceeding 0.45% for the day. The pair initially moved upward following earlier US data but then reversed course as the tariff narrative … Read more

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USD/CAD dips to about 1.3695

USD/CAD experiences a slight decline, trading near 1.3695 during the early European session on Friday. The increase in crude oil prices, driven by tensions between the US and Iran, bolsters the commodity-linked Canadian Dollar. Market participants are closely monitoring crucial US inflation metrics to evaluate the trajectory of the Federal Reserve’s monetary policy in the … Read more

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AUD/USD Slips After Aussie Jobs Report

The AUD/USD exchange rate faced continued pressure this week as market participants assessed the most recent Australian employment figures. The current trading value stands at 0.7055, reflecting a decline from the year-to-date peak of 0.7155. The AUD/USD pair faced continued pressure this week following the release of the latest labor market data from Australia. A … Read more

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USD/JPY Approaches 155.0 Following Hawkish Fed Minutes

The USD/JPY pair is currently positioned just below 155.00, following a session that saw an increase of approximately 0.8–1.0%, elevating the pair to a six-day peak in the range of 154.5–155.0. The recent movement builds upon a recovery from the January low that succeeded the surge to 159.45, positioning the pair once again in a … Read more

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GBP/USD at 1.3550 as BoE Cut Bets Eye 1.3400

GBP/USD is experiencing significant pressure, currently hovering between 1.3550 and 1.3570, following a decline from the 1.3810 to 1.3875 range. The pair has already breached a short-term bullish trend line and is now testing the lower boundary of the larger structure that originates from the 1.3340 base. Immediate downside markers are positioned at 1.3510–1.3500 and … Read more

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EUR/USD hovers around 1.18 as support weakens

EUR/USD is fluctuating between 1.1840 and 1.1850 following a clear decline from the highs observed last week. The pair has previously tested the 1.1820–1.1830 demand zone and experienced a bounce; however, each recovery towards the 1.1860–1.1870 range is facing selling pressure. The price movement reflects a steady decline within the broader range of 1.1765–1.2000, with … Read more

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USD/JPY Stays Steady at 153–155 Ahead of Fed Minutes

The USD/JPY pair is currently trading within a narrow range following the post-election decline, fluctuating approximately between 152.00 and 154.70–155.00. Spot has been reported in the range of 153.5–154.5, reflecting an increase of approximately 0.3–0.8% for the day across multiple sessions. This movement comes as the dollar receives short-term support from robust US data, while … Read more

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USD/CAD Makes Another Climb Attempt

USD/CAD saw a modest uptick during Monday’s session, with the pair testing a significant bottom near the 1.35 level. USD/CAD continues to trade within a well-defined range, and price action suggests that the market is attempting to stabilize at the lower boundary of that structure. The rebound from 1.35 is technically important for USD/CAD, as … Read more

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GBP/USD Dips Under 1.36 as UK Jobless Rate Soars to 5.2%

GBP/USD is currently positioned near the 1.3600 mark following a dip to approximately 1.3550–1.3552 in response to the jobs report, before regaining some of the lost ground. The current price is positioned beneath a concentrated group of short-term reference levels: intraday and 20-day averages in the range of 1.3620–1.3635, and below the previous horizontal support … Read more