The EUR/USD pair maintained stability near 1.1620, continuing its tight trading range for the fourth session in a row as market participants weighed dovish Federal Reserve expectations against a backdrop of cautious sentiment in Europe. The euro received slight support following comments from José Luis Escrivá, who expressed confidence that interest rates are “appropriately set,” … Read more
The USD/JPY commenced the new week with a positive momentum following last week’s solid gains, but subsequently retreated from its peak levels as the greenback experienced a decline against other currencies, particularly those sensitive to risk, like the Aussie dollar. This week is set to be significant for financial markets, featuring crucial central bank rate … Read more
The GBP/USD pair remained around 1.3287, marking its lowest point since mid-October, before experiencing a slight recovery on Friday following stronger-than-anticipated UK retail data that momentarily stabilized market sentiment. Despite the rebound, the pair concluded the week with a decline of 0.85%, underscoring the influence of dollar strength and differing rate trajectories on market direction. … Read more
The EUR/USD pair concluded the week at 1.1628, reflecting a decline of 0.20%. However, the significant developments are anticipated this Monday as market participants prepare for a pivotal FOMC decision that has the potential to recalibrate global FX valuations. The currency pair fluctuated within the range of 1.1665 to 1.1577 over the past week, exhibiting … Read more
The USD/JPY is approaching the year’s highs, currently trading less than 50 pips below the early-October peak of 153.28, having concluded the week around 152.87. The pair has disregarded conventional influences such as rate differentials in recent sessions, despite a complete 25 bp Fed cut to 3.75%–4.00% being priced in for Wednesday, while the Bank … Read more
The GBP/USD pair is currently trading in a tight range near 1.3325, showing signs of stabilization following five consecutive sessions of declines. Despite the softer U.S. CPI data indicating inflation at 2.8%, sterling has struggled to gain momentum, as the UK’s lackluster Q3 GDP growth of merely 0.1% continues to impact sentiment negatively. The currency … Read more
The EUR/USD pair is firmly positioned around 1.1600, ending the week with a slight 0.21% decrease while maintaining its position above the three-day support level. The subdued U.S. CPI reading at 3.0%, marginally under the anticipated 3.1%, has bolstered confidence that the Federal Reserve will move forward with a 25-basis-point rate cut, narrowing its target … Read more
The USD/JPY pair is currently trading at 152.80, marking six consecutive days of gains as the yen continues to weaken against a strengthening dollar. The market momentum continues to exhibit strength following a short-lived retreat beneath the ¥153.26 resistance, a critical threshold monitored closely since the recent intervention efforts by the Bank of Japan. Market … Read more
The EUR/USD pair is currently trading around 1.1620, showing signs of stabilization following a week marked by significant volatility influenced by U.S. inflation data, Eurozone PMI expectations, and increased geopolitical tensions. Investors are exercising caution as macroeconomic indicators from both sides of the Atlantic present conflicting signals—softening U.S. CPI data stands in stark contrast to … Read more
The USD/JPY pair has risen close to 153.00, achieving its sixth straight daily increase, driven by robust U.S. PMI data, easing inflation, and ongoing yen depreciation in the context of renewed fiscal expansion in Tokyo. The recent shift reinforces the dollar’s robust performance this quarter, as the pair hovers near multi-month peaks at 152.80–153.10, indicative … Read more