Cable is currently experiencing one of its most significant breakout sessions of the year. GBP/USD is currently trading at 1.3650, reflecting an increase of 0.38% in the late London session and decisively surpassing the 1.3600 threshold — this level represented the 61.8% Fibonacci retracement of the 1.3159-1.3870 movement and had restricted every upward movement for … Read more
The single currency is performing precisely as the macroeconomic conditions indicated it would this week. The EUR/USD pair is currently trading at 1.1742 during late European hours, slightly below the weekly resistance level of 1.1755 and close to the 1.1800 mark, which has been the target for bulls since the bounce from Thursday’s low of … Read more
On Thursday, April 30, 2026, USD/JPY experienced a significant intraday reversal, marking one of the most dramatic shifts in recent currency-market history. The pair fell sharply from a 21-month peak of 160.72 to a low close to 155.50, reflecting a swift 500-pip decline within hours. This movement followed the confirmation from Nikkei that Japan’s Ministry … Read more
The PPI report in the US changed the dynamics for EUR/USD in just one session. Headline PPI increased by 0.5% month-over-month, while core PPI rose by 0.7% month-over-month, contrasting with the consensus expectation of 0.2% for each. This led to a recalibration of the anticipated second Fed cut in 2026, shifting it toward October, resulting … Read more