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
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
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
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
GBP/USD rises to approximately 1.3510 in the early European session on Wednesday. The BoE interest rate is expected to follow a steady decline. Market participants prepare for the US Initial Jobless Claims report scheduled for release later on Wednesday. The GBP/USD pair is currently trading positively around 1.3510 in the early European session on Wednesday. … Read more
The USD/CHF pair demonstrated strength following the release of soft U.S. CPI data, supporting a range-bound yet constructive outlook. Central bank dynamics continue to point toward potential downside support, while a longer-term bullish breakout in USD/CHF could emerge if key technical levels are breached. The pair experienced notable volatility during Thursday’s session, which was expected … Read more
EUR/USD remains steady near its opening price from Wednesday, approximately 1.1750, showing little movement in light of a limited economic calendar in the US that has seen a recovery in the Dollar. In the meantime, inflation data from the Eurozone and a decline in business confidence in Germany continued to exert pressure on the single … Read more
The USD/CHF pair is currently positioned in positive territory at approximately 0.7960 during the early European session on Wednesday, supported by a rebound in the US Dollar. However, the potential for a US Federal Reserve interest rate cut next year may exert downward pressure on the Greenback relative to the Swiss Franc. The Swiss National … Read more
The USD/JPY pair exhibits some indecision following an initial surge, yet the prevailing support levels and yield differentials remain advantageous for the dollar. Carry trade dynamics and structural Japanese policy constraints indicate that pullbacks continue to present favorable buying opportunities. The US dollar initially attempted to strengthen against the Japanese yen but subsequently reversed, indicating … Read more