The US Dollar rebounded from three-week lows around 1.3730, making its way back to the 1.1775 region. The Greenback reduces its losses as investors contemplate Trump’s inconsistent signals regarding Iran. From a broader viewpoint, the pair is currently approximately 1.25% beneath the peaks observed last week. The US Dollar is reducing some of its losses … Read more
EUR/USD is challenging the 1.1800 mark on Wednesday — a threshold that has emerged as the pivotal point for currency markets this week. The pair was observed at 1.1790 during Asian hours, subsequently recovering to retest the round number in European and US sessions, remaining close to the seven-week high of 1.1811 established on April … Read more
USD/JPY is positioned at 159.10, reflecting a 0.20% increase for the session. This marks a reversal from a two-day decline that had distanced the pair from the significant resistance level, which has now turned away buyers on two occasions since March 30. The recovery is modest, technically unconfirmed, and occurs within a context where each … Read more
GBP/USD is currently at 1.3515 on Tuesday morning, marking the highest level in six weeks. This extends a winning streak of seven sessions, resulting in an increase of approximately 365 pips from the low of 1.3150 recorded on March 31. The pair has moved clearly above the 1.3500 psychological level, which had acted as structural … Read more
The U.S. Dollar Index has fallen below its ascending trendline and dipped under the 50-day Simple Moving Average at $98.80, currently positioned at $98.20, with the 200-SMA at $99.50 acting as a significant resistance level above. The bearish candle structure, characterized by consecutive red candles with minimal lower wicks, indicates a persistent and conviction-driven selling … Read more
USD/JPY is positioned at 158.87, reflecting a decrease of about 0.5% during the session. This decline is part of a subtle trend that has been unfolding throughout the week, overshadowed by more prominent narratives of dollar weakness, such as the EUR/USD rally to 1.1800 and the GBP/USD’s seven-day ascent to 1.3570, which have garnered significant … Read more
The USD/CAD pair experienced a modest increase during Friday’s session, with the US dollar rebounding against the Canadian dollar from the significant 200-day EMA. This move highlights that global risk appetite continues to be the dominant driver for USD/CAD, rather than domestic Canadian factors. US 10-year Treasury yields remain elevated, currently around 4.32%, as market … Read more
GBP/USD is currently positioned at 1.3420 on Friday, maintaining a position just above the 1.3415 support level after navigating within a 1.3415-1.3430 range for the majority of the Asian session, which clearly indicates the market’s current level of conviction. The pair has rebounded roughly 300 pips from its early April low around 1.3150 — a … Read more
EUR/USD is currently at 1.1736 on Friday — marking its highest level since early March — and this movement is not merely a blip, a short squeeze, or a positioning accident. The pair has now achieved gains for the fifth consecutive session, indicating a consistent directional shift that commenced with the announcement of the U.S.-Iran … Read more
USD/JPY is currently positioned around 159.30-159.50 on Friday, nearing the significant ¥160 threshold that has become the focal point for momentum buyers, those monitoring for intervention, and the Bank of Japan’s increasingly challenging policy calculations. The pair declined to ¥158.00 earlier this week, reaching a low of 158.48 on April 9, before initiating a recovery … Read more