The US dollar exhibited fluctuating behavior against the Canadian dollar in the USD/CAD pair, influenced by limited liquidity during Thanksgiving, as price movements hovered around significant technical thresholds. The pair continues to find support, although changing expectations from the Fed and weak crude prices create short-term volatility near important moving averages. The US dollar exhibited … Read more
The USD/JPY pair is currently positioned slightly above 156.00, following a pullback from the previous week’s peak of 158.00. The yen strengthened as a result of robust Tokyo CPI figures, increased retail activity, and a boost in industrial production. In November, Tokyo’s headline CPI rose by 2.7% year-on-year, while the core reading remained steady at … Read more
The EUR/USD pair is currently stabilizing around 1.1600, marking its fourth consecutive day of gains. This trend is driven by a notable weakness in the U.S. Dollar and the differing monetary policies of the Federal Reserve and the European Central Bank. The euro’s rise from last week’s 1.1460 lows has emerged as one of the … Read more
Australia’s recent inflation surprise has disrupted the RBA’s projections, eliminating expectations for immediate rate cuts and even introducing the possibility of an increase. Given the persistent underlying pressures and a shift towards a hawkish market pricing, AUD/USD appears to be transitioning into a new phase, and technical indicators suggest a diminishing bearish trend, which could … Read more
The EUR/USD pair is currently stabilizing around the 1.1580 level, consolidating following a significant three-session rally from 1.1420. This movement has been influenced by a notable repricing in Federal Reserve rate expectations and a positive shift in risk sentiment across Europe. The pair has successfully regained essential levels within the range of 1.1550–1.1600, surpassing its … Read more
GBP/USD is currently positioned around 1.3118, maintaining stability following several intraday fluctuations between 1.3080 and 1.3130. This movement comes as traders prepare for the UK Autumn Budget and a significant week for fiscal and monetary outlooks on both sides of the Atlantic. The pair has navigated multiple opposing macro influences — accommodating Bank of England … Read more
The EUR/USD pair is currently positioned around 1.1567, reflecting an intraday increase of approximately 0.40% as the euro appreciates due to a general decline in the U.S. dollar, prompted by underwhelming macroeconomic data from the United States. The pair is experiencing a rebound from the low of 1.1470 observed last week, successfully breaking above the … Read more
The USD/JPY pair declined towards 156.00, losing approximately 0.45% on Tuesday, as fresh intervention discussions from Tokyo aligned with underwhelming U.S. economic data. The U.S. Producer Price Index increased by 0.3% month-on-month in September, aligning with forecasts. However, the core figure fell short of expectations at 0.2%, resulting in a decline of the annual rate … Read more
The GBP/USD pair is currently positioned at 1.3088, exhibiting a delicate sentiment as market participants weigh the prospects of a Bank of England rate cut against the backdrop of revived dovish expectations from the Federal Reserve. The action occurs during a week characterized by the UK Autumn Budget and a busy U.S. economic schedule prior … Read more
The USD/JPY pair is currently positioned around 156.70, having reached a weekly peak of 157.70 before pulling back due to fresh intervention alerts from Tokyo. Japan’s ¥21.3 trillion economic stimulus, comprising ¥17.7 trillion in direct spending and ¥2.7 trillion in tax cuts, is intensifying fiscal pressure and igniting speculation regarding additional yen depreciation. The yield … Read more