The EUR/USD pair is currently positioned near 1.1840, continuing its decline over the past two days and remaining beneath the 1.1850 level, which has served as a temporary resistance point. Intraday ranges are consolidating around approximately 1.1830 to 1.1860, indicating a defensive market sentiment. The candles are consistently closing near their lows, reflecting a pattern … Read more
The USD/JPY pair remains stable around 153.0 following a significant intraday reversal from the 153.70 region and an unsuccessful attempt to move lower towards the 152.70–152.80 range. The pair has been confined within a narrow range over the past four sessions, oscillating between approximately 152.7 on the lower end and 153.7 on the upper end. … Read more
GBP/USD is currently positioned near 1.3620, reflecting minimal movement for the day and a slight increase of approximately 0.12% over the week, following a retreat from levels exceeding 1.3700. The price is positioned precisely at the lower boundary of an ascending channel established from the advance observed between November and January, accompanied by a narrow … Read more
The currency pair is experiencing slight upward movement, currently positioned around 1.3615 during the Asian session on Friday. The strong US jobs report tempers expectations for further Fed rate reductions. Fed’s Miran suggested that US monetary policy is tighter than he expected. The currency pair shows a modest increase, currently at 1.3615 during the Asian … Read more
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