The delicate US-Iran ceasefire, coupled with ongoing regional attacks, has maintained a spotlight on geopolitical risks. US PCE inflation remained steady, and labor market indicators showed continued strength. The expectations for a Bank of England rate hike, coupled with a weaker Dollar, contribute to the ongoing support for Sterling. The GBP/USD pair moves above the … Read more
On Thursday, EUR/USD experienced an increase, reaching 1.1667. The US dollar managed to recover some of its losses from the prior session, reflecting a cautious market sentiment in light of the delicate truce between the US and Iran. The dynamics surrounding the Strait of Hormuz continue to exhibit significant tension. Reports indicate that the movement … Read more
A head-and-shoulders pattern is forming as USD/JPY records lower highs and lows. The RSI is approaching 50, indicating an increase in bearish momentum pressure. A decline beneath 158.48 reveals support levels at 157.88 and 157.35. The USD/JPY pair experienced an increase, approaching the 20-day Simple Moving Average at 159.19 on Thursday. However, it subsequently pulled … Read more
GBP/USD is currently at 1.3310 on Tuesday, influenced by two opposing forces: a pound that is showing modest recovery and has performed relatively well compared to other G10 currencies amid the Iran conflict, and a US Dollar that remains resilient as geopolitical risk premiums, safe-haven demand, and a hawkish Federal Reserve scenario continue to support … Read more
USD/JPY is currently at around 159.20 on Tuesday — a stable range that has developed following one of the most intense multi-week uptrends the pair has experienced in this cycle. The shift from February lows indicates a 4% increase in the dollar’s value relative to the yen over a short period, influenced by a mix … Read more
USD/CAD shows minor decreases, hovering around 1.3675 in the Asian session on Friday. The ambiguity related to US trade policy leads to a decrease in the value of the US Dollar. Later on Friday, attention will shift to the Canadian Q4 GDP and the US January PPI data. The currency pair is experiencing slight declines, … Read more
The GBP/USD pair is currently situated in the 1.3530–1.3565 range, with the spot price fluctuating approximately between 1.3531 and 1.3540 during European trading and reaching around 1.3565 in Asia. The price is positioned nearly precisely on the 20-day EMA at 1.3562, indicating a market that is currently in a state of equilibrium rather than exhibiting … Read more
The AUD/USD exchange rate has experienced a decline over the past two days, retreating from this year’s peak of 0.7145 to its current level of 0.7035. The pair is expected to experience volatility this week as the Federal Reserve and the Reserve Bank of Australia publish the minutes from their recent meetings. The AUD/USD pair … Read more
GBP/USD concluded the session near 1.3651 following a decline to approximately 1.3592 on Friday, a shift that momentarily breached 1.3600 before buyers re-entered the market, driving the pair upward into the close. The observed behavior validates 1.3600 as a true demand zone, rather than merely a psychological round figure. Currently, GBP/USD remains positioned beneath the … Read more
The USD/JPY has transitioned from a straightforward dollar carry trade to a scenario resembling a congested exit strategy. The pair has decreased from just below ¥157 at the beginning of February to approximately ¥152–153, reflecting a weekly decline of around 2.9%, marking the steepest drop since late 2024. The recent movement is not merely a … Read more