The USD/JPY currency pair experienced a volatile week, dipping into the 154 range following the release of the US Q4 GDP data, which showed a slowdown to 1.4%, while core PCE remained close to 3% year-on-year. The combination impacted the dollar’s growth narrative while not alleviating inflation concerns, resulting in a delay of rate-cut expectations … Read more
USD/CAD experiences a slight decline, trading near 1.3695 during the early European session on Friday. The increase in crude oil prices, driven by tensions between the US and Iran, bolsters the commodity-linked Canadian Dollar. Market participants are closely monitoring crucial US inflation metrics to evaluate the trajectory of the Federal Reserve’s monetary policy in the … Read more
GBP/USD is currently positioned in the 1.3460–1.3485 range following a three-week low, managing to recover some of the overnight decline. However, it remains distinctly below the 1.35–1.36 range, which previously served as support earlier this week and is now becoming a point of resistance. The uptrend observed in November has been disrupted, with the pair … Read more
The USD/JPY pair is currently trading within a narrow range of 154.80–155.40, following a test of intraday peaks close to 155.65 before retreating slightly. The pair has recorded three consecutive days of gains this week, rebounding from last week’s decline towards 152.50 and establishing a new one-week high in the 155.35–155.40 range. From an intraday … Read more
The AUD/USD exchange rate faced continued pressure this week as market participants assessed the most recent Australian employment figures. The current trading value stands at 0.7055, reflecting a decline from the year-to-date peak of 0.7155. The AUD/USD pair faced continued pressure this week following the release of the latest labor market data from Australia. A … Read more
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
EUR/USD is fluctuating between 1.1790 and 1.1850 following a series of pressured sessions, with short-term movements adhering to a narrow range on both sides of the 1.1800 mark. Throughout the Asian trading session, the pair remained near 1.1790 following three days of declines, with the 14-day RSI positioned around 47. This indicates a reduction in … Read more
EUR/USD is fluctuating between 1.1840 and 1.1850 following a clear decline from the highs observed last week. The pair has previously tested the 1.1820–1.1830 demand zone and experienced a bounce; however, each recovery towards the 1.1860–1.1870 range is facing selling pressure. The price movement reflects a steady decline within the broader range of 1.1765–1.2000, with … Read more
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
USD/CAD saw a modest uptick during Monday’s session, with the pair testing a significant bottom near the 1.35 level. USD/CAD continues to trade within a well-defined range, and price action suggests that the market is attempting to stabilize at the lower boundary of that structure. The rebound from 1.35 is technically important for USD/CAD, as … Read more