The USD/JPY pair has maintained a close correlation with the front end of the U.S. yield curve in recent weeks. The correlation with the pricing for a Fed cut in 2026 stands at approximately -0.7, while the relationship with the two-year Treasury yield is around +0.77. In contrast, the connections to the 10-year yield, broader … Read more
On December 12, EUR/USD is positioned near 1.173–1.174, following a rise to a 10-week peak in the 1.1750–1.1762 range, reflecting an increase of nearly 2% over the past three weeks. The pair has decisively moved beyond the 1.16–1.17 congestion band and is currently approaching a resistance cluster between 1.1760 and 1.1788. The market is evidently … Read more
The USD/JPY pair is currently positioned close to 156.00, having fluctuated between resistance levels around 157.00 and support levels near 155.00 throughout the week. The pair initially approached the upside ahead of the Fed meeting, subsequently declined toward 155.00 due to weaker US data, and has now recovered as the yen lags behind in performance … Read more
GBP/USD is currently positioned in the 1.3370–1.3420 range following a significant upward movement from the 1.3000 low observed on 4 November, primarily driven by a softer USD. The Fed executed a third consecutive 25 basis points reduction, adjusting the funds rate to a range of 3.50–3.75% with a 9–3 vote, which subsequently led to widespread … Read more
The GBP/USD pair is currently trading at 1.33 United States Dollar, showing a 0.23% intraday increase after recovering from earlier lows near 1.3296. Sterling’s strength continues to build as investors anticipate synchronized policy easing from both the Federal Reserve and the Bank of England. The price action continues to show strong support above the 15-day … Read more
EUR/USD is currently positioned around 1.1665, holding steady above its recent breakout range following a rebound from 1.1525, a level that was previously identified as a significant Fibonacci zone. The pair holds steady as markets prepare for a pivotal Federal Reserve policy meeting anticipated to set the course heading into year-end. Market participants are aligning … Read more
GBP/USD rose to 1.3349, reflecting a 0.19% increase for the day, as market participants intensified their positioning in anticipation of next week’s FOMC decision. The U.S. Dollar Index is currently trading weakly in the range of 98.9–99.3, marking its lowest level since May, as market participants assign an 84–90% likelihood to a 25-basis-point rate cut … Read more
USD/CAD is currently limited, with the 50-day EMA and the 1.40 level hindering upward movement, while the pair is positioned on the 200-day EMA. Market participants are closely monitoring the upcoming Canadian employment figures and the anticipated Federal Reserve rate cut next week for guidance on market direction. The US dollar started strong against the … Read more
USD/CAD is retracing from levels above 1.40, maintaining support around the 50- and 200-day EMAs. Market activity in USD/CAD seems confined within a range, exhibiting a modest bullish inclination influenced by the relative strength of the U.S. economy. The US dollar made an attempt to strengthen on Tuesday but ultimately relinquished its gains beyond the … Read more
GBP/USD remains stable around 1.3235, demonstrating strength as the U.S. Dollar Index approaches 99.20, marking its lowest point since mid-November. Market participants are assigning approximately an 89% likelihood to a 25-basis-point rate reduction by the Federal Reserve during the policy meeting on December 10, with the Bank of England anticipated to take similar action on … Read more