USD/JPY initially declined but strengthened following the U.S. core PCE aligning with expectations, with technical indicators suggesting a potential bullish rebound ahead. Support levels are holding steady, and the pair is likely to consolidate as it anticipates the forthcoming FOMC decision and press conference. The US dollar experienced a slight decline against the Japanese yen … Read more
The EUR/USD pair commenced the week favorably, climbing to 1.1653. The recent shift was driven by increasing anticipation for a Federal Reserve rate cut this Wednesday, which continues to exert pressure on the US dollar. The current market assessment indicates an 88% likelihood of a 25-basis-point cut, reflecting a notable rise from the 67% probability … Read more
The EUR/USD held its ground, set to conclude the week with an increase of 0.39%. Trading activity slowed, constrained by the 1.1650 level as market participants focused on the Federal Reserve’s upcoming decision next week. EUR/USD is currently consolidating around 1.1650, as technical indicators suggest a potential bearish momentum. US inflation meets expectations, and there … Read more
EUR/USD increased by more than 0.40% on Wednesday following US economic data that strengthened expectations for a rate cut by the Federal Reserve at the upcoming December 9-10 meeting. The pair is currently trading at 1.1668, having recovered from daily lows of 1.1617. ADP indicates that US private companies have reduced employment at the quickest … Read more
The USD/JPY pair declined to 155.67 on Wednesday, managing to recover a portion of the significant losses incurred in the prior session. The decline was influenced by renewed pressure on the US dollar, as market expectations for a more extensive Federal Reserve easing cycle gained momentum. Investor focus domestically is sharply directed towards the potential … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
The USD/CHF pair is currently positioned in negative territory around 0.8045 as the early European session unfolds on Tuesday. The potential for a US interest rate cut in December exerts pressure on the US Dollar relative to the Swiss Franc. Market participants prepare for the upcoming Swiss Consumer Price Index inflation report on Wednesday, alongside … Read more
EUR/USD holds steady around the 1.1600 level, recording slight gains of more than 0.15% on Monday as the Greenback declines in response to hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan. The limited economic agenda on both sides of the Atlantic enhanced the Euro’s outlook. The Euro experiences a slight increase … Read more
The GBP/USD pair remains stable around 1.3245 in the Asian session on Monday as market participants analyze the implications of the UK’s Autumn Budget. The potential downside for the major pair appears constrained, given the increasing anticipation of a Federal Reserve interest rate cut in the upcoming December meeting. The US November ISM Manufacturing Purchasing … Read more
EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more