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
The US dollar showed fluctuations against the Japanese yen during trading, with USD/JPY indicating a challenge in gaining any definitive momentum. The US dollar demonstrated fluctuations against the Japanese yen during trading on Tuesday, with USD/JPY indicating challenges in gaining definitive momentum. In the near term, it appears improbable that we will witness substantial movement, … Read more
EUR/USD experiences a decline, settling at approximately 1.1745 during the early Asian session on Wednesday. According to the Fed Minutes, a majority of officials anticipate further reductions in interest rates. The ECB maintained interest rates at their current level earlier this month and suggested that they are expected to stay stable for the foreseeable future. … Read more
GBP/USD shows resilience around 1.3510 during the Asian session on Tuesday. The anticipation of a gradual monetary easing path by the BoE in 2026 bolsters the Pound Sterling. The initial resistance level is identified at 1.3550, while the primary support level to monitor is at 1.3410. The GBP/USD pair is experiencing slight upward movement, currently … Read more
EUR/USD remains stable near 1.1770 during the early Asian session on Tuesday. US Pending Home Sales increased by 3.3% month-over-month last month, surpassing expectations. Market participants prepare for the FOMC Minutes on Tuesday in search of new insights. The EUR/USD pair remains stable around 1.1770 in the early Asian session on Tuesday. Market participants are … Read more
GBP/USD shows a decline, trading at approximately 1.3485 during the early European session on Monday. The favorable perspective for the pair remains intact as the price sustains its position above the crucial 100-day EMA. The initial support level is identified at 1.3393, while the primary resistance level to monitor is 1.3547. The GBP/USD pair experiences … Read more
It is anticipated that the most probable scenario for USD/JPY, at least in the upcoming weeks, could involve a sideways movement as the pair establishes a range of approximately 350 pips. The US dollar has experienced a decline against the Japanese yen in early trading on Wednesday; however, USD/JPY is beginning to show some signs … Read more
Euro bulls made an effort to drive the EUR/USD pair closer to the significant resistance level at 1.1800 and are maintaining their gains as Wednesday’s session begins. The onset of the annual holiday season is upon us, characterized by diminished market liquidity and the inclination of investors to establish positions for the upcoming year, aiming … Read more