Oil and USD increase again as investors seek safety in Forex today.
Market Update – March 12 Here’s a brief overview of what’s happening today, Thursday, March 12th. As the week progressed, markets became more cautious, mainly due to intensifying conflicts in the Middle East. This Thursday, the U.S. will release its weekly jobless claims data, along with January housing starts and merchandise trade balance information. USD […]
Technical analysis of EURUSD, GBPUSD, and USDJPY: Important levels as the USD shows mixed performance
Market Overview: US Dollar Movement The US dollar had a mixed opening today. The EURUSD and GBPUSD pairs have dipped, reflecting a stronger dollar. Meanwhile, USDJPY has also experienced declines as the dollar faces off against the yen. As we approach the North American session and the weekend, the spotlight is on whether these currency […]
EUR/USD maintains strength above 1.1800 amid trade tensions affecting the USD
The EUR/USD pair saw a slight uptick, continuing the previous day’s modest gains. On Thursday, it drew in some buyers for a second consecutive day as the US dollar weakened a bit. Still, the prices seemed to lack strong bullish momentum, fluctuating within a range of 1.1815-1.1820 during Asian hours, marking a 0.10% rise for […]
The USD shows varied performance at the start of the North American session. What insights do the charts offer traders?
FX Kickstart: Major currency pairs stall in “non-trend” range The US dollar has started its session in North America. It seems a bit mixed—while it’s dipped against the yen, it has managed to gain some traction against the euro and pound. Greg Michalowski points out that the current market feels pretty directionless. Price movements seem […]
Japanese yen falls back near 155.00 against USD due to fiscal worries
USD/JPY Pair Sees Slight Rise Amid Market Concerns The USD/JPY currency pair experienced a modest increase during Asian trading on Tuesday, continuing its recovery from the previous day’s dip to 154.00. Currently, it’s hovering just below the psychological threshold of 155.00, marking an uptick of nearly 0.15% for the day. However, the potential for further […]
The USD has dropped but is above its lowest point. What do the technical indicators suggest to traders?
The US dollar is experiencing a decline, though it’s not at its worst levels. Euro Dollar Technical Overview The Eurodollar gained traction during the Asian trading session, coming close to the 100-hour moving average value of 1.1799. However, the upward movement hit a wall near a significant resistance area. This resistance is in the range […]
EUR/USD rises from one-month low, targets mid-1.1800s with weaker USD
The EUR/USD pair seems poised for some upward movement as the new week begins, showing signs of recovery around the 1.1750-1.1740 level last Friday. This rise has lifted prices to the 1.1835 mark during the Asian session, aided by a notable drop in the US dollar. In the midst of a legal setback, President Trump […]
The USD has slightly declined following the Supreme Court ruling.
Market Reactions to Supreme Court Ruling After the Supreme Court’s ruling, the US dollar experienced a drop. The 6-3 decision negates the Trump administration’s IEEPA customs authority. This led to a sell-off as markets reacted to reduced tariff-related pressures. However, reactions have varied across different asset classes. In the US, yields have increased, rising approximately […]
Japanese Yen stays close to one-week low against USD due to fiscal worries
The USD/JPY exchange rate has picked up momentum for the second consecutive day, establishing a high not seen in over a week, around 155.35 on Thursday. Still, as trading began in Europe, the price dropped a bit and is now hovering just above the significant level of 155.00, showing an increase of nearly 0.20% for […]
Forex Today: USD holds onto weekly gains while markets remain vigilant about geopolitics
Here’s what you should know on Thursday, February 19th. The momentum for the United States dollar (USD) gained traction late Wednesday, largely due to the hawkish tone found in the minutes from the Federal Reserve’s January policy meeting. The US economic calendar also features data on December’s goods trade balance and the weekly new unemployment […]