AUD/USD Rally Wobbles Despite Strong Australian Jobs Data
The Australian labour market delivered another strong jobs report, with employment and participation hitting fresh highs. However, AUD/USD struggled to sustain its gains, reversing as risk appetite weakened in Asian markets. The February bullish trend is now under threat, with technical signals hinting at a potential pullback. Australian Jobs Data Surpasses Expectations Australia’s labour market remained strong in January […]
EUR/USD Rally Pauses Below January High Amid Fed Policy Uncertainty
The EUR/USD rally has lost momentum just below the January high of 1.0533, as the pair fails to sustain the series of higher highs and lows from the previous week. Traders are closely watching whether the U.S. dollar will strengthen further as the Federal Reserve maintains a cautious stance on monetary policy. EUR/USD Retreats from […]
USD/CHF Faces Key Test at 50-Day Moving Average
The USD/CHF currency pair is once again approaching its 50-day moving average (DMA), a crucial level where buyers and sellers are vying for control. While technical indicators hint at potential downside risks, recent price action suggests a possible rebound. Traders are closely watching to see whether the pair will break higher or face renewed selling […]
Gold Outlook: XAU/USD’s Safe-Haven Appeal Fades
Gold’s recent rally is showing signs of exhaustion, raising the key question: Will prices keep pulling back from recent highs, or will gold make another run at the psychological $3,000 level? A sustained drop would reinforce a short-term bearish outlook, but buyers are still holding strong at key support zones. Recent Price Movement After a […]
USD/JPY Eyes 151 Support as Strong GDP Fuels BOJ Rate Hike Expectations
Japan’s economy is outperforming forecasts, with strong fourth-quarter GDP figures adding to speculation that the Bank of Japan (BOJ) could tighten policy sooner than expected. As the yen strengthens, USD/JPY is nearing the key 151 level. A short-term bounce is possible before a deeper move lower. Japan’s GDP Surpasses Expectations, Raising Rate Hike Bets The […]
Japanese Yen Forecast: USD/JPY Downtrend Holds as BoJ Signals Take Center Stage
Key Takeaways: Interest Rates and USD/JPY Movement The U.S. dollar’s exchange rate against the yen is mostly dictated by interest rate gaps. While there aren’t many major U.S. economic events this week, central bank comments and geopolitical developments could still influence currency movements. Notably, recent USD/JPY price action has been more aligned with short-term Japanese […]
USD/CNH Pauses Below 2023 High as China A50 Rebounds from Key Support
The USD/CNH pair has stalled just below its 2023 high, mirroring a pullback in the US Dollar Index. Meanwhile, the China A50 index has rebounded strongly from its 200-day Simple Moving Average (SMA), offering a bullish outlook for Chinese equities. USD/CNH and Dollar Index Tied to US Inflation Outlook USD/CNH movements remain closely linked to […]
EUR/USD: Morning Star Pattern Signals Potential Rebound or Temporary Pause?
Has EUR/USD found a bottom? A textbook morning star candlestick pattern hints at a potential reversal, but with Scott Bessent’s upcoming confirmation hearing as Treasury Secretary, could bond market dynamics steer the euro’s next move? Key Highlights: Morning Star Pattern Indicates Possible Reversal EUR/USD’s recent movement suggests it may have reached its near-term low, as […]
Gold and Silver Retreat as Risk Events Approach
The early bullish momentum for gold and silver in 2025 has reversed sharply, with surging bond yields and a stronger U.S. dollar contributing to notable declines on Monday. As both metals approach critical technical levels, traders are evaluating potential setups ahead of key risk events, including the upcoming U.S. inflation report. Gold Holds Ground Above […]
Tentative Signs of Reversals in EUR/USD and Commodity FX: Insights from COT Report
Recent market positioning data from the Commitment of Traders (COT) report suggests that the bearish momentum in EUR/USD and commodity FX may be showing early signs of fatigue. While the U.S. dollar remains strong, driven by macroeconomic trends and policy expectations, subtle shifts in positioning indicate caution among traders betting against these currencies. EUR/USD: Early […]
