The AUD/USD pair held steady on Wednesday morning after the Australian Bureau of Statistics released the latest wage price index data. It was at 0.6517, staying within a range it has held for the past few months. The AUD/USD exchange remained stable within a narrow range after the ABS released the wage price index, an … Read more
The USD/JPY pair is on a strong rise, currently at 156.54, the highest since January, fueled by soaring Japanese Government Bond yields and ongoing U.S. Dollar strength, pushing the Yen further down. Japan’s 10-year JGB yield hits 1.77%, a 17-year high, fueling market concerns over currency impact from Prime Minister Sanae Takaichi’s fiscal expansion. Investors … Read more
The interplay of a robust US dollar and a prolonged selloff exerted additional pressure on the Australian dollar. In yesterday’s report, I observed that correlations between AUD/USD, the Nasdaq, and the US Dollar Index had re-emerged — and Monday certainly validated this observation. The US Dollar Index has shown a resurgence in bullish momentum as … Read more
The EUR/USD pair is currently positioned around 1.1597, marking its fourth consecutive session of subdued trading as market participants gear up for the significant U.S. Nonfarm Payrolls data scheduled for release later this week. The euro is currently situated just below the 1.1600 psychological level, reflecting a fragile balance between robust dollar demand and limited … Read more
EUR/USD commenced Monday facing increasing pressure, retreating towards $1.1600 and consistently struggling to regain $1.1660, the 50-day EMA that has hindered every bullish effort throughout November. The pair’s rejection from $1.1670 last week initiated a significant reversal, pulling the euro down towards the $1.1575–$1.1570 demand zone, a level that has been defended several times this … Read more
USD/JPY opens near $154.90 as Japan’s Q3 GDP contracts 0.4 percent following last quarter’s 0.6 percent expansion, resulting in a notable annual decline of 1.8 percent. The yen immediately weakened with USD/JPY jumping from $154.56 to $154.63 after the GDP print, a sign traders were ready to buy any dip into the nine-month high at … Read more
GBP/USD commenced the week contained within a delicate framework around 1.31743, following a series of political upheavals, postponed U.S. data announcements, and differing anticipations regarding the Federal Reserve’s decision in December. The pair struggled to break free from its lower-range congestion, even as it briefly tested the 1.32000 level. Traders are compelled to factor in … Read more
The USD/JPY structure is currently in a phase where macro divergence is expanding at a rate not seen since early 2022. The pair experienced a notable increase, reaching 155.044, marking the highest point in nine months, before concluding the week at 154.52. This development extended its November gain to 0.34%, following a significant 4.2% rise … Read more
GBP/USD is currently exhibiting a compressed and delicate structure as it approaches levels of 1.3130 and 1.3149, while consistently retesting the 1.3010–1.3170 range. This movement occurs amid the market’s absorption of a notably dense array of UK macroeconomic data, political events, and a renewed demand for the USD that has emerged across all major foreign … Read more
USD/JPY is currently in a pivotal stage as the exchange rate stabilizes near 154.60, bouncing back from a previous decline to 153.62, marking the most significant period of upward movement in nearly nine months. The price action indicates a significant shift in rate expectations between the Federal Reserve and the Bank of Japan; however, … Read more