EUR/USD Outlook: Bearish Momentum Ahead of US CPI and Chinese GDP
The EUR/USD remains on a bearish trajectory as market participants brace for another volatile week. With US CPI and Chinese GDP figures on the horizon, the currency pair faces significant headwinds. Currently trading near multi-year lows just above the 1.0200 mark, the EUR/USD is poised for its fourth consecutive monthly decline. Over the past 15 […]
Crude Oil Outlook: Key Drivers and Technical Trends for the Week Ahead
Crude oil prices have maintained a bullish trajectory this year, recently hitting four-month highs. As we look ahead, key factors such as Chinese economic data, U.S. inflation reports, and insights from OPEC and the International Energy Agency (IEA) will likely influence the range-bound movement of oil prices. Key Events to Watch 1. Chinese Economic Data: New […]
Japanese Yen Technical Analysis: USD/JPY Bulls Approach Key Resistance Levels
The USD/JPY pair continues its bullish momentum, climbing to five-month highs following a favorable response to the Federal Open Market Committee (FOMC) rate decision in December. The pair is now approaching a critical longer-term resistance level near the 160.00 handle. Key Highlights for USD/JPY Technical Outlook: Daily Chart USD/JPY bulls have been steadily recovering losses […]
Gold Price Targets December High Amid Recovery Momentum
Gold prices appear poised to recover further, potentially revisiting the December high of $2726, as they extend a series of higher highs and lows this week. However, the precious metal faces potential range-bound conditions, with the 50-day Simple Moving Average (SMA) around $2650 losing its upward slope. Gold’s Price Performance and Market Drivers Gold has […]
USD/CAD Nears Multi-Year Highs as Canadian Dollar Weakens Amid Political Turmoil
The USD/CAD pair remains elevated, nearing resistance at 1.4445, as the Canadian dollar struggles under the weight of political uncertainty and diverging central bank policies. Despite a brief recovery earlier in the week, the pair has gained 0.5% in favor of the U.S. dollar, keeping it at levels not seen in four years. Trudeau’s Resignation […]
EUR/USD Faces Pressure as January Opening Range Comes into Focus
The EUR/USD pair has reversed its recent trend of higher highs and lows, falling to a fresh weekly low of 1.0273. This decline raises questions about the pair’s ability to sustain its recovery from the monthly low of 1.0224, particularly given its muted reaction to recent U.S. economic data. EUR/USD Trends and Market Sentiment EUR/USD’s […]
USD/JPY Breaks December High Ahead of Key US Jobs Report
USD/JPY has extended its rally from earlier this week, surpassing the December high of 158.09. However, signs of slowing momentum, as indicated by the Relative Strength Index (RSI), suggest the bullish trend may face resistance, with the oscillator failing to enter overbought territory. Fresh Highs Amid Economic Data The pair reached a new weekly high […]
USD Holds Steady as ISM Services Data Sets a Sobering Tone for 2025
The USD began 2025 on solid footing after December’s ISM services report delivered data that dampened hopes for rate cuts. This strength in the dollar has weighed on AUD/USD, keeping the pair under pressure as inflationary concerns resurface. December’s ISM and PMI Data As traders gradually return from the holiday season, December’s ISM and PMI […]
Australian Dollar Outlook: AUD/USD Defends Key 2022 Low Amid Signs of Recovery
The Australian Dollar is showing resilience as the AUD/USD pair defends its 2022 low of 0.6170, extending a series of higher highs and lows from last week. However, the currency pair remains below the 50-day Simple Moving Average (SMA) at 0.6432, suggesting potential challenges to sustained upward momentum. Technical Analysis: AUD/USD at a Crossroads The recent recovery in […]
USD Posts Largest Quarterly Gain Since 2015: A Technical Overview
The USD Index (DXY) closed the fourth quarter of 2024 with a remarkable 7.67% gain, marking its largest quarterly advance since Q1 of 2015 and the third-largest increase in the past 30 years. This performance has drawn significant attention, fueled by key technical patterns and economic events that drove the dollar higher. Key Drivers of […]
