The GBP/USD is currently holding steady around 1.3150, as it seeks to rebound from a tumultuous week characterized by political developments in Washington and cautious monetary policy in London. Market participants are adjusting their positions as the U.S. Dollar Index hovers near 99.60, weighing the optimism surrounding potential shutdowns against a dovish reassessment of the … Read more
The USD/JPY pair declined to ¥153.41, reflecting a 0.38% decrease for the week, as Japan’s fresh intervention warnings coincided with increasing uncertainty surrounding U.S. policy due to the extended government shutdown. Following a rise to an eight-month high around ¥154.48, the dollar-yen exchange rate shifted direction as Japanese authorities conveyed “high urgency” regarding the yen’s … Read more
The EUR/USD pair has demonstrated a calculated strength as the week concludes, maintaining a position near 1.1560, reflecting an increase of 0.16%. This movement comes as investors step back from the U.S. dollar, influenced by escalating political dysfunction in Washington and diminishing macroeconomic clarity. The ongoing U.S. government shutdown has reached its 38th day, significantly … Read more
USD/JPY recovered above 153.00 following a 100-pip, 0.68% decline, as buyers supported the 20-day setup amidst a more stable U.S. rates environment. Spot regained 153.00 as U.S. 10-year Treasuries stabilized around ~4.6%, reinforcing the established correlation between the two and front-end U.S. yields. The immediate map is clear: initial support is located around 153.00, with … Read more
The AUD/USD exchange rate exhibited some stabilization following the Supreme Court’s consideration of arguments regarding Donald Trump’s tariffs on Wednesday. The latest jobs report indicated a slight increase, reflecting stabilization in the labor market last month. The AUD/USD pair has been trading within a narrow range following the Supreme Court’s apparent skepticism regarding Donald Trump’s … Read more
The EUR/USD pair is under notable pressure, currently trading at approximately 1.1483, after a week marked by strong U.S. data and a renewed demand for the dollar in global markets. The euro’s attempt to bounce back from its October lows fell short as investors recalibrated their strategies, expecting ongoing strength in the U.S. economy. Meanwhile, … Read more
USD/JPY is currently positioned at 153.90, bouncing back from Tuesday’s low of 152.00, as strong U.S. economic data has revitalized the strength of the dollar. The ISM services PMI increased to 52.4, rising from 50.8, while the ADP employment report indicated a gain of 25,000 jobs compared to a previous loss of 32,000. The data … Read more
The US dollar index moved within a three-point range around the 100 mark on Monday, finishing at a six-month high. A few weeks ago, it is pointed out 100 as a possible target for bullish movements. If momentum decreases from here, it could indicate wave C of a flat ABC correction. This remains an essential … Read more
The EUR/USD pair is experiencing a significant downturn, dropping to 1.1518 during Tuesday’s European session following five straight days of losses. The euro’s weakness indicates a definitive market assessment: the U.S. dollar continues to hold a strong monetary and yield advantage. The decline of the pair from 1.1600 highs early last week to current levels … Read more
The EUR/USD pair is facing increased selling pressure, currently trading near 1.1520, just above a three-month low of 1.1500, while the U.S. dollar remains steady around 99.78 in anticipation of the ISM Manufacturing PMI release. The euro is facing challenges in regaining momentum after experiencing a series of technical breakdowns at 1.1550 and 1.1530, further … Read more