Forex News

EUR/USD Forecast: between a rock and a hard place

EUR/USD sentiment slowly shifting towards EUR positive. Focus shifts to US growth figures next week, as Q4 preliminary GDP will be out Thursday. The shared currency managed to recover some ground this week after hitting a fresh yearly low the previous one, although no relevant breakout was seen. The pair remained around the 1.1340 region …

EUR/USD quickly reverses a dip to 3-day lows, turns flat around 1.1330-35 region

   •  The common currency continues to be weighed down by concerns over the region’s economic health.    •  Today’s disappointing German Ifo index adds to the recent dismal data and prompts some selling.   •  A modest USD uptick remained capped amid weaker US bond yields and helped limit deeper losses. The EUR/USD pair dropped …

USD/JPY: Consolidates below prior trendline support although US yields firming on Fed

USD/JPY was ranging between 110.55 and 110.85 overnight, in a consolidation below a prior trend line support.  USD/JPY is currently trading at 110.63 and within a narrow early Asian Friday range of between 110.61/78.  USD/JPY is shaping up into a heavy looking formation on the charts, weighed upon by a neutral tone from the Fed …

EUR/USD Technical Analysis: Euro near 1.1350 post-ECB Minutes

EUR/USD daily chart EUR/USD is evolving in a bear trend below the 200-day simple moving average (SMA). The ECB minutes of the January meeting confirmed the ECB’s increasing concerns regarding the economic slowdown. The confidence indicators though might prevent the central bank from twitching at the March meeting. EUR/USD 4-hour chart EUR/USD is currently testing …

AUD/JPY prints two-weeks highs on strong Aussie labor market report

A big beat on the Aussie January employment figure is boding well for the AUD.  AUD/JPY jumped to two-week highs on upbeat data and could rise to year-to-date highs above 79.84.  The bid tone around the AUD strengthened, pushing the AUD/JPY cross higher to 79.82 – a level last seen on Feb. 5 – after …

EUR/USD quickly reverses a dip to session lows, sidelined below mid-1.1300s as traders await FOMC minutes

   •  The pair stalls its recent positive momentum amid a modest USD rebound.    •  Euro-zone economic growth fears further collaborate towards capping gains.    •  The focus remains on today’s important release of FOMC meeting minutes. The EUR/USD pair extended its steady intraday descent from near two-week tops and dropped to fresh session …

AUD/JPY: Soft Australian wage data challenges trend-line break sentiments

The AUD/JPY pair trades near 79.20 during initial Asian sessions on Wednesday. Weaker than expected wage price data from Australia and JPY’s safe-haven demand ahead of key risk events dragged the pair. 79.35 become immediate barrier towards 79.85 while 79.05 can offer nearby support to the pair. AUD/JPY took a U-turn to 79.20 after Australia’s …

EUR/USD tumbles to daily lows near 1.1270 on tariffs concerns

The pair drops to 1.1280/70 band, fresh session lows. Threats of US tariffs on EU cars weigh on spot. Economic Sentiment in Germany, EMU remains depressed. The selling pressure around the shared currency has now intensified and is forcing EUR/USD to recede to the 1.1280/70 band, or fresh weekly lows. EUR/USD weaker on tariffs rumours …

USD/JPY: A slow start in Tokyo, but plenty of action to come

USD/JPY has started out the Tokyo session pretty much where it left off yesterday, considering the US has been out on President’s day and there has been little subsequent action since the Europeans packed up for the day.  USD/JPY is currently trading at 110.58, just off from the early Asian high of 110.64 with bulls …

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