EUR/USD continues to decline for the third consecutive day this week, decreasing approximately 0.10% as the Greenback strengthens following a robust Purchasing Managers Index report from the ISM, coupled with a strong jobs report. Meanwhile, inflation has slowed in the Eurozone, staying close to the European Central Bank’s target and impacting the shared currency. The … Read more
The USD/CHF pair is currently positioned in negative territory around 0.7950 in the early European session on Wednesday. The US Dollar is experiencing a decline against the Swiss Franc due to ongoing geopolitical tensions and the dovish remarks made by officials from the US Federal Reserve. Market participants will monitor the upcoming US ISM Services … Read more
The EUR/USD fell by more than 0.28% on Tuesday, despite mixed economic data from the United States, as Federal Reserve officials provided neutral to dovish remarks. Meanwhile, data in the Eurozone indicates a slowdown in economic activity within the bloc. The pair is currently trading at 1.1690, following a peak of 1.1742. EUR/USD declines by … Read more
The USD/JPY pair experienced an initial rally during trading session; however, it has subsequently declined, reflecting a somewhat lackluster performance by the US dollar overall. Upon examining the technical analysis, it is evident that USD/JPY has been consolidating following a significant upward movement. The recent pullback observed over the past few weeks is justifiable, as … Read more
EUR/USD recovers from the lows of 1.1710 as risk appetite strengthens, even in light of geopolitical developments related to Venezuela. Soft US manufacturing data exerts downward pressure on the US Dollar, even in light of Kashkari’s hawkish remarks. Market participants are closely monitoring upcoming Eurozone PMIs, inflation figures, and significant US reports, including NFPs, for … Read more
The US dollar experienced an initial surge against the yen; however, it is important to highlight that the markets continue to incentivize holding the USD/JPY pair on the long side. The US dollar experienced a slight rally during Friday’s trading session; however, we have retraced some of those gains. It is not particularly surprising, nor … Read more
EUR/USD is showing positive momentum, approaching 1.1755 during the early European session on Friday. The major pair maintains a positive outlook, remaining above the significant 100-day EMA, accompanied by rising RSI momentum. The primary resistance level to monitor is 1.1820, while the first support level is identified at 1.1655. The EUR/USD pair is currently positioned … Read more
GBP/USD moves upward, approaching 1.3480 during the early Asian session on Friday. Market participants anticipate further USD depreciation if the incoming Fed Chair pursues more aggressive interest-rate reductions as expected. The BoE anticipates that rates will follow a gradual downward trajectory; however, each future reduction will be a “closer call.” The GBP/USD pair shows resilience, … Read more
The USD/JPY pair shows strength, reaching approximately 156.75 during the early Asian session on Friday. The measured approach of the BoJ regarding monetary tightening exerts pressure on the Japanese Yen, providing a favorable environment for the pair. The potential for a US rate cut, along with worries regarding the Fed’s independence, could limit the upward … Read more
The EUR/USD experienced a slight decline, indicating a lack of momentum to surpass the 1.18 threshold. That does seem logical, especially with the New Year holiday approaching. The majority of participants are not actively trading, and in the absence of that momentum, it becomes challenging to surpass what has clearly been a significant resistance level … Read more