ForexNewsPlus Updates

GBP/USD Under Pressure as Dollar Strength Dominates

GBP/USD is currently positioned at $1.3225–$1.3316 on Monday, marking a break from a four-day decline with a modest rebound from Friday’s three-month lows beneath $1.3250. The bounce is evident; however, the context lacks optimism — the pair continues to trade beneath the 20-period Simple Moving Average at $1.3325 and significantly below the gradually declining 100-period … Read more

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EUR/USD Slides as Energy Shock Fuels Dollar Strength

EUR/USD is experiencing a significant decline. The pair reached a low of $1.1411 on Friday and made a slight attempt to recover toward $1.1500 on Monday. However, this bounce should be interpreted accurately: it is merely a partial relief within a firmly established bearish framework, rather than a sign of reversal. The decrease from the … Read more

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USD/JPY Near 160 as Yield Gap Drives Rally

The USD/JPY pair is currently positioned between 159.60 and 159.75 on Monday, hovering just beneath the significant 160.00 level, which has marked the upper limit of the Japanese monetary authority’s tolerance for yen depreciation over the last two years. The pair has achieved a 4.63% increase over the last four weeks — marking the most … Read more

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GBP/USD Falls Under 1.3500 Amid BoE Rate Cut Worries

GBP/USD reached a high of 1.3575 earlier this week, benefiting from global risk appetite and the equity surge driven by Nvidia’s earnings, only to relinquish those gains subsequently. Cable was at 1.3492 on Friday morning, but it fell to daily lows around 1.3450 by the afternoon session, declining despite the FTSE 100 reaching a new … Read more

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USD/JPY Stays at 155.97 as 0.8% Core PPI Meets BoJ Tightening

USD/JPY is currently at ¥155.97 on Friday, reflecting a decline of 0.157% during the session. This movement illustrates the ongoing tug-of-war between two significant macroeconomic forces in the global foreign exchange market: a Federal Reserve that remains steadfast in its decision not to lower interest rates amid persistent inflation, and a Bank of Japan that … Read more

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GBP/USD Dips Under 1.35 Amid Strong UK Data and Hawkish Fed

GBP/USD declined past the 1.3500 support level, reaching four-week lows beneath 1.3450, with the current price lingering in the 1.34–1.35 range despite robust UK economic data. In January, the public-sector surplus reached £30.4 billion, a significant increase from £14.5 billion in the same month last year. Additionally, the budget deficit for the first ten months … Read more

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EUR/USD Stalls as Dollar Rebounds Toward Key 98 Pivot

The US Dollar’s late-January collapse has been largely reversed. The DXY is currently back testing the 97.9–98.0 range, with a focus on the 97.94 Fibonacci level that has influenced price movements since April of the previous year. The level served as a floor following the early-2025 USD selloff, subsequently oscillating between resistance and support through … Read more

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GBP/USD Plummets as BoE Shift Meets Stronger Dollar

GBP/USD is currently positioned within the 1.34–1.35 range following a significant reversal from the 1.3866 peak attained earlier this year. The pair has recorded lows in the vicinity of 1.3480–1.3482, reflecting a decline of approximately 2.7% from the peak and reverting to levels observed around 23 January. The breach below the 1.3510 support level and … 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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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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