The US dollar has sustained its support following the FOMC rate decision; however, with the government shutdown extending into November, the greenback may struggle to uphold those gains in the absence of forthcoming economic data. One of the pairs to monitor for a possible reversal is the AUD/USD, which may be on the verge of … Read more
In the trading session, the GBP/USD attempted to rally; however, it encountered resistance above the 1.32 level, leading to a subsequent decline. Following the peak, the Federal Open Market Committee has convened twice, and the prevailing trend has been a steady decline, punctuated only by brief short-term recoveries. This tendency has been observed, and it … Read more
The EUR/USD pair is experiencing notable downward pressure, trading near 1.1550, which is its lowest level in almost three months. This shift illustrates how investors are adapting to the differing monetary strategies of the Federal Reserve and the European Central Bank. The euro is showing signs of weakness, particularly against the backdrop of a more … Read more
The USD/JPY declined towards ¥153.80 following an earlier peak of ¥154.45, marking an eight-month high this week. The pair experienced a decline of 0.3% on Friday, following the release of new inflation data , which sparked fresh expectations regarding possible market intervention. The decision was made as the Bank of Japan maintained its interest rates … Read more
For the Australian dollar, the perspective among options traders looks to be significantly different from one another. The occurrence of risk reversals is increasing concurrently with the rise in spot prices, which indicates an increase in demand for calls (bullish positions) in comparison to puts (bearish positions). The implication of this is that any potential … Read more
In light of ongoing uncertainty regarding the U.S. government shutdown, labor market weaknesses, and inflation risks stemming from tariffs, Powell’s comments during yesterday’s FOMC meeting, after the decision to cut rates by 25 basis points, emphasized a prudent approach towards a possible rate cut in December, thereby maintaining a bullish outlook for the U.S. Dollar … Read more
The EUR/USD pair is presently at approximately 1.1620, showing a decrease of 0.35% for the day, amid rising volatility after the Federal Reserve’s 25-basis-point rate reduction and underwhelming economic indicators from the Eurozone. The Fed has lowered its benchmark range to 4.00%. However, Chair Jerome Powell’s caution that inflation progress “is not yet guaranteed” sparked … Read more
USD/JPY continued its upward trend on Thursday, reaching a peak of ¥153.90, marking its highest point since February, following the Bank of Japan’s decision to maintain rates at 0.50% in a 7–2 vote. The yen experienced a decline against all major currencies as Governor Kazuo Ueda indicated that there is no predetermined trajectory for additional … Read more
Today’s dual central bank announcements from the Federal Reserve and Bank of Canada are accompanied by significant anticipation of interest rate reductions, although the sentiment and direction provided by policymakers will probably influence market trends. As both central banks appear to prioritize growth risks over inflation, the focus shifts to the potential for either to … Read more
The GBP/USD is experiencing significant selling pressure, currently trading around 1.3280 after a brief dip to 1.3247, which is its lowest point since August. The pair has decreased over 3.4% from September’s high of 1.3725, continuing a two-week downward trend as market participants reevaluate the UK’s delicate fiscal situation and forthcoming monetary policy decisions in … Read more