XForexTrade Updates

EUR/USD Dips to 1.1550 as Dollar Gains and Eurozone Data Wavers

The EUR/USD pair concluded the week at 1.1607, experiencing a decline of nearly 0.4% as the U.S. dollar continued to strengthen across the G10 complex following the Federal Reserve’s indication that a December rate cut is “not a foregone conclusion.” The euro momentarily reached 1.1650 before retreating below 1.16, marking its lowest performance since late … Read more

XForexTrade Updates

USD/JPY Outlook – 155.00 Amid Japan’s Weak Yen

The USD/JPY pair remains close to the 155.00 psychological barrier, marking its peak level since early 2025, driven by the dollar’s strength amid significant pressure on the yen. The decision illustrates the increasing gap in policy approaches between the Federal Reserve and the Bank of Japan, further emphasized by Tokyo’s acute awareness of imported inflation … Read more

XForexTrade Updates

GBP/USD Plummets to 1.3097 as UK Fiscal Gaps Weigh on Sterling Post-Market

The British Pound concluded trading on Friday, November 1, significantly depreciated against the U.S. Dollar, finishing at approximately 1.3097, marking its lowest point since April. The decline marked a third consecutive weekly loss as investors showed a preference for the Greenback, influenced by hawkish remarks from the Federal Reserve and escalating concerns regarding the United … Read more

XForexTrade News

USD/JPY Outlook – 154.00 as Powell’s Hawkish Shift Fuels Yield Spike

The USD/JPY pair continued its strong ascent into the first session of November, finishing Friday close to 154.00, marking its highest point since March, as U.S. yields rose sharply after Jerome Powell reiterated that rate cuts are “far from guaranteed.” The dollar’s rally was bolstered by the current U.S. government shutdown, which postponed essential labor … Read more

XForexTrade News

GBP/USD Hits a Major Low as the Dollar Gains Momentum

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

XForexTrade News

EUR/USD Dips to 1.1550 as Eurozone Data Weighs Down

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

XForexTrade News

USD/JPY Outlook – 153.80 as Tokyo Inflation Reaches 2.8%

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