The USD/JPY has transitioned from a clear uptrend to a significant reversal. The pair has experienced a decline of approximately 600 pips in a direct trajectory from the recent peaks, commencing the week with a bearish gap and currently trading around 154.00 after reaching an intraday low close to 153.31. This positions spot at levels … Read more
The Canadian Dollar continues to strengthen against the US Dollar on Friday, bolstered by a generally weaker Greenback and robust Canadian Retail Sales figures that exceeded expectations. As of the current moment, USD/CAD is positioned at approximately 1.3767, indicating a fifth consecutive day of decline. The USD/CAD pair continues to fall as robust Canadian Retail … Read more
The EUR/USD pair is currently positioned between 1.1690 and 1.1685, experiencing intraday fluctuations that have reached as high as 1.1720, following a notable rebound from the low of 1.1575. The rebound of approximately 115 pips reflects the market’s direct reaction to a change in political risk, rather than mere random fluctuations. The current price is … Read more
The GBP/USD pair is currently positioned between 1.3430 and 1.3460, following a spike towards 1.3490 and consistently maintaining the 1.3390 to 1.3430 range. The pair has shown three consecutive positive sessions, driven by stronger UK data, a US Dollar Index hovering around 98.60, and a significant shift in global positioning in response to Trump’s tariff … Read more
The EUR/USD pair has transitioned from being viewed as a “parity candidate” to a relatively safe option as the political risks driven by the US are being reassessed. The pair has increased by over 1% in the last two sessions and is currently trading in the range of 1.1710–1.1720 following a clear upward breakout. Buyers … Read more
GBP/USD is currently positioned around 1.3380, having struggled to maintain momentum towards 1.3413 and subsequently retreating beneath the 200-day SMA at 1.3405. Spot has established a four-week low in the range of 1.3366–1.3370 and is currently fluctuating slightly above that level, aligning with short-term support near 1.33612 as indicated by the intraday technical analysis. The … Read more
The USD/JPY is currently positioned within the 158.00–158.50 range, reflecting a decline of approximately 0.3–0.4% for the day, following its inability to maintain an intraday peak around 158.70–158.70. The pair has retraced from the recent 159.40–159.50 peak but remains just a short distance below cycle highs, indicating that this is a pullback within a larger … Read more
GBP/USD is confined within a narrow range, with the price hovering between approximately 1.3390 and 1.3520, facing challenges in maintaining levels above 1.3500. The pair has been fluctuating between 1.3430 and 1.3470, encountering resistance near the 1.3490 to 1.3500 area while consistently attracting buyers just above 1.3390. On the daily chart, the January 13 high … Read more
The USD/JPY rate is currently positioned between 158 and 159, having momentarily exceeded 159 earlier this week and reaching approximately 159.45 during early European trading, marking a peak not seen in one and a half years. The recent movement reflects an 8% increase since early October, coinciding with Sanae Takaichi’s rise as LDP leader, positioning … Read more
The AUD/USD exchange rate experienced an upward trend over three consecutive days, driven by a weakening US dollar amidst worries regarding the Federal Reserve’s autonomy. The asset reached a peak of 0.6720, surpassing the previous week’s low of 0.6663. The Australian dollar experienced a rebound as investors continued to express concerns regarding the Federal Reserve’s … Read more