USD/JPY outlook: Bulls hold grip for further gains, BoJ intervention looms
The USD/JPY pair continued its upward trajectory as investors bet on the divergence between the Federal Reserve’s hawkish stance and the Bank of Japan’s dovish policies. The pair recently breached multi-month highs, fueled by robust U.S. economic data and a resilient dollar. Speculation is growing over the BoJ’s potential intervention, with officials signaling their readiness […]
EUR/USD Price Forecast: Sellers may pause ahead of the weekly close
The EUR/USD pair is stabilizing after a week marked by persistent selling pressure, as investors shift focus to upcoming economic data. Following an earlier dip to multi-week lows, the currency pair found support near 1.0650, suggesting traders may be hesitant to extend bearish bets before the weekend. Analysts cite a blend of oversold conditions and […]
US Dollar Index outlook: Dollar keeps firm tone at the start of the year
The US Dollar Index (DXY) maintained a steady trajectory at the start of the year, reflecting investor confidence amid shifting global market dynamics. Following a volatile 2024 marked by rate hikes and geopolitical tensions, the dollar’s firm stance highlights its ongoing appeal as a safe-haven asset. The index, which tracks the greenback’s performance against a […]
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550
The GBP/USD pair is attempting to break past the nine-day exponential moving average (EMA) near 1.2550, drawing traders’ attention as it hovers around the upper boundary of its descending channel. This critical zone marks a potential inflection point for the pair, which has struggled to sustain upward momentum in recent sessions. Market participants are closely […]
EUR/USD Price Analysis: Immediate resistance appears at nine-day EMA above 1.0400
The EUR/USD pair has struggled to maintain momentum above the 1.0400 mark, encountering resistance near the nine-day exponential moving average (EMA). After a brief recovery attempt, the currency pair’s upward movement remains capped, reflecting broader market hesitancy amid economic uncertainty. Persistent concerns over Eurozone economic growth and a resilient US dollar have added to the […]
USD/JPY outlook: Bulls hold grip in lower-volume Boxing day trading
The USD/JPY pair maintained its upward trajectory during subdued Boxing Day trading, with bulls capitalizing on lighter market volumes. The pair hovered near recent highs as traders remained cautious amid the holiday-thinned liquidity, allowing bullish momentum to persist. Limited economic data and muted market participation provided little resistance to the currency’s steady climb. Market sentiment […]
Technical Analysis: GBPUSD holds above 1.25 but weak bullish bias
The GBPUSD pair remains above the 1.25 level, signaling a tentative show of strength despite lingering concerns over its weak bullish momentum. Traders are eyeing upcoming economic data and central bank commentary, which could influence the pair’s near-term direction. Recent market activity has seen limited follow-through on bullish attempts, reflecting a cautious stance among investors. […]
EUR/USD Price Forecast: Pressure remains in holiday-thinned trading
The EUR/USD pair continues to face downward pressure as the market remains subdued during the holiday season. Limited trading volumes have left the pair vulnerable to modest fluctuations, with sentiment largely shaped by lingering concerns over the eurozone’s economic outlook. Analysts suggest the thin liquidity conditions amplify the impact of minor market moves, making price […]
EUR/USD Price Forecast: Consolidative phase around 1.0400
The EUR/USD pair remains in a consolidative phase near the 1.0400 level, reflecting cautious market sentiment ahead of key economic data releases. Despite fluctuating within a narrow range, the pair shows limited directional bias as traders await fresh catalysts from the U.S. and Eurozone economic landscapes. Market participants are closely monitoring U.S. GDP data and […]
AUD/JPY may continue lower
The AUD/JPY pair remains under pressure as risk-off sentiment dominates global markets. Concerns over global economic slowdown, coupled with hawkish signals from the Bank of Japan, have weighed heavily on the pair. The Australian dollar, often linked to commodity strength and risk appetite, has struggled to gain traction as market participants favor the yen’s safe-haven […]
