ForexNewsPlus Updates

GBP/USD Consolidates Near 1.35 as BoE Cut Bets Clash with Firm USD

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

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EUR/USD Coils Near 1.18 Ahead of German CPI Trigger

The EUR/USD pair is currently confined within a tight weekly range of approximately 70 pips, with the lower boundary positioned around 1.1765–1.1778 and the upper limit restricted in the 1.1830–1.1834 area. The market has been oscillating between 1.1790 and 1.1830, reaching an intraday peak of 1.1830, aligning with the 50% retracement of the latest swing … Read more

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USD/JPY Dips and Dives at 155.75 Amid BoJ Hawkish Talk

The USD/JPY currency pair has been fluctuating between approximately ¥155.75 and ¥156.80–156.85, following a peak at a two-week high near 156.8 before retreating toward the 155.7–156.0 range. The movement from just below ¥156.00 to ¥156.8, followed by the rejection, indicates a market that remains bullish on dollars, yet is becoming more responsive to any signals … Read more

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AUD/USD Soars on CPI Surge

The AUD/USD exchange rate exhibited stability within a narrow range following the release of significant macroeconomic data from both the United States and Australia. On Wednesday, it was positioned at 0.7060, slightly beneath this month’s peak of 0.7155. The AUD/USD pair exhibited fluctuations following the release of the most recent consumer confidence report from the … Read more

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GBP/USD Surges Past 1.35 as Trump Tariffs Weigh on Dollar

GBP/USD has continued its upward trajectory for the fourth consecutive session, currently trading in the range of 1.3516–1.3530, steadily moving higher within a narrow band of 1.3467–1.3560. The price has been consolidating around the 1.3500 level, with repeated buying interest emerging at dips toward 1.3470, while supply is accumulating in the 1.3535–1.3560 range. Over the … Read more

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EUR/USD Hits 1.18 Amid Trump Tariffs and Euro Inflation

EUR/USD remains stable near 1.1800 following a decline from the highs of 1.2093–1.2095 observed in January. In the United States, February consumer confidence rose to 91.2 from 89, surpassing the consensus estimate of 87. This indicates that domestic demand continues to be robust, despite the growing trade uncertainties. Housing data indicate a cooling trend, yet … Read more

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USD/JPY Dips as It Aims for 156.7–158.0 Defiance

The USD/JPY pair is currently positioned between 156.2 and 156.4, having successfully maintained the 155.0 to 155.3 range multiple times throughout the week. The price movement continues to follow the established bullish pattern that initiated from the low in April 2025, situated around 149–150, and has been constrained by the peak of 2025, approximately 158.8. … Read more

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USD/CAD Steady at 1.3715 Amid Tariff Uncertainty

The USD/CAD pair exhibits resilience, approaching 1.3715 in the early hours of trading on Tuesday in the Asian market. The US Dollar edges higher against the Canadian Dollar despite the prevailing uncertainty surrounding American trade policy. Later on Friday, the Canadian Gross Domestic Product and the US January Producer Price Index reports will serve as … Read more

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GBP/USD Pressured as BoE Turns Dovish and Dollar Holds Firm

GBP/USD is currently positioned around 1.3470–1.3488, influenced by the Bank of England’s shift towards easing measures and a USD that remains resilient. MPC member Alan Taylor discussed the possibility of “two or three” additional cuts before the Bank Rate attains a neutral level, highlighting the risks leaning towards lower inflation and increased unemployment, while conveying … Read more

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EUR/USD Stuck at 1.1780 Amid Tariff Concerns

EUR/USD is currently positioned around 1.1770–1.1780, having encountered resistance near 1.1835 and pulling back from the 1.2100 level reached last month. The pair is currently positioned at the 61.8% Fibonacci retracement level following the rebound from the 200-day SMA at 1.1658, establishing the 1.1775–1.1770 range as a significant pivot point. The present range is 1.1750–1.1830. … Read more