The GBP/USD is experiencing significant downward momentum, currently trading around 1.3050 after a decline from 1.3215 earlier this week. The pair has declined for four straight sessions, influenced by hawkish Federal Reserve minutes, disappointing U.K. inflation data, and increasing speculation that the Bank of England may lower rates as soon as December. The current situation … Read more
The EUR/USD pair is currently under downward pressure, trading at approximately 1.1530, down from 1.1614 earlier this week. This shift occurs as the U.S. dollar maintains its upward trajectory, driven by the latest Federal Reserve minutes and a strong U.S. Nonfarm Payrolls report. The euro is encountering persistent difficulties as a result of underwhelming regional … Read more
GBP/USD is experiencing significant selling pressure, currently trading near 1.3120, marking its lowest level in a week. This movement follows a mix of weaker UK inflation data, increasing U.S. yields, and growing domestic fiscal concerns. The pound has experienced a decline for four straight sessions, pulling back from the 1.3190 highs observed earlier this month … 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
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
AUD/USD remains stable following the robust employment report from Australia, which has recalibrated interest-rate expectations. The prevailing sentiment in the markets indicates a significant shift away from the expectation of an RBA cut this year. This shift is not attributed to a hawkish stance from policymakers, but rather to the current data, which does not … 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
The EUR/USD pair maintains its position at the 1.1600 level following a volatile week that has reshaped the dynamics between U.S. policy uncertainty and Eurozone stability. The pair’s capacity to conclude the week with a 0.51% increase, even after a 0.10% decline on Friday, illustrates the extent to which markets adjusted December rate-cut expectations from … Read more