The GBP/USD concluded the week at 1.3102, navigating a narrow range from 1.3060 to 1.3155, as market participants assessed the implications of increasing U.K. fiscal credibility in light of evolving U.S. monetary policy expectations. The pair continues to hold above the significant 1.3000 psychological level, which has consistently drawn buying interest since early November. Sterling’s … Read more
The USD/CAD pair rallied in the early part of Thursday’s session, although a slight pullback followed. Even so, traders should remain attentive, as the 1.40 level continues to act as a major support zone, strengthened further by the 50-day EMA. Given the current market setup, USD/CAD is expected to find renewed buying interest here, with … Read more
The GBP/USD shows a positive trend today as market participants raise their expectations regarding a potential rate cut by the Federal Reserve in December. The GBP/USD is currently at 1.3082, reflecting a 0.08% increase. The GBP/USD pair has risen to 1.3092 as market participants increase expectations for a potential rate cut by the Federal Reserve … Read more
The USD/JPY pair is currently positioned at 156.54, experiencing a minor decline following its recent peak of 157.89, which marked a high not seen in nearly ten months. The decrease occurred following new intervention warnings from Japan’s Ministry of Finance, prompting investors to reduce their long positions. Despite this brief correction, the pair continues to … Read more
The USD/CAD has surged during the trading session on Wednesday, with the 1.40 level continuing to provide support. All things considered, this market appears poised to trend upward, though the ascent will likely be gradual rather than swift. This is primarily due to the fact that many of the transactions occurring in this currency pair … Read more
The GBP/USD is experiencing significant downward momentum, currently trading around 1.3050 after a decline from 1.3215 earlier this week. The pair has declined for four straight sessions, influenced by hawkish Federal Reserve minutes, disappointing U.K. inflation data, and increasing speculation that the Bank of England may lower rates as soon as December. The current situation … Read more
The EUR/USD pair is currently under downward pressure, trading at approximately 1.1530, down from 1.1614 earlier this week. This shift occurs as the U.S. dollar maintains its upward trajectory, driven by the latest Federal Reserve minutes and a strong U.S. Nonfarm Payrolls report. The euro is encountering persistent difficulties as a result of underwhelming regional … Read more
GBP/USD is experiencing significant selling pressure, currently trading near 1.3120, marking its lowest level in a week. This movement follows a mix of weaker UK inflation data, increasing U.S. yields, and growing domestic fiscal concerns. The pound has experienced a decline for four straight sessions, pulling back from the 1.3190 highs observed earlier this month … Read more
The interplay of a robust US dollar and a prolonged selloff exerted additional pressure on the Australian dollar. In yesterday’s report, I observed that correlations between AUD/USD, the Nasdaq, and the US Dollar Index had re-emerged — and Monday certainly validated this observation. The US Dollar Index has shown a resurgence in bullish momentum as … Read more
EUR/USD commenced Monday facing increasing pressure, retreating towards $1.1600 and consistently struggling to regain $1.1660, the 50-day EMA that has hindered every bullish effort throughout November. The pair’s rejection from $1.1670 last week initiated a significant reversal, pulling the euro down towards the $1.1575–$1.1570 demand zone, a level that has been defended several times this … Read more