Following Donald Trump’s inauguration, the dollar lost part of this month’s gains on Monday and adjusted to significant support levels. However, there is no clear development of a full-scale downward correction as yet. Most currency pairs remain within their previous sideways corridors, awaiting new directives from the newly inaugurated president. USD/JPY The USD/JPY currency pair

Created on January 23, 2025 As we predicted and confirmed, the attempts of the GBP/USD currency pair to recover remain weak and await further stimulus. The rise of the British Pound against the US Dollar comes amid indications that Donald Trump is adopting a more measured approach to tariffs. However, analysts warn that this is

Created on January 23, 2025 The US Dollar against the Japanese Yen has been trading in a narrow range and a neutral position in recent trading sessions, but there have been attempts by bulls to move higher, with gains not exceeding the resistance level of 156.70 before stabilizing around the 156.50 level at the time

Created on January 23, 2025 Recent signals from Trump have strongly supported gold prices, with gains reaching a resistance level of $2764 per ounce, the highest level for spot gold prices in nearly three months. Obviously, this was before gold bullion prices stabilized around $2756 per ounce at the time of writing the analysis. Gold

Created on January 23, 2025 For three consecutive trading sessions, the EUR/USD pair has been moving in a corrective upward trend. Moreover, its gains have not exceeded the level of 1.0457, the highest in nearly a month. Meanwhile, this was before the EUR/USD price stabilized around the 1.0415 level at the time of writing the

The Japanese Yen ticks higher after upbeat domestic data, though it lacks follow-through. Concerns about Trump’s tariff plans and the risk-on mood cap gains for the safe-haven JPY. Traders look to Trump’s speech for a fresh impetus ahead of the BoJ decision on Friday. The Japanese Yen (JPY) edges higher during the Asian session on

EUR/USD fell a scant tenth of a percent on Wednesday. Market flows are crumpling with little of note on the data docket. The usual flow of trade war rhetoric headlines has abated, PMI figures loom ahead. EUR/USD stumbled on Wednesday, giving up around one-tenth of one percent as markets grind through a lull between the

Created on January 22, 2025 As you can see, it’s been very noisy during the trading session here on Tuesday as the 155 yen level continues to be supported right along with the 50-day EMA. Ultimately, this is a market that I think you have to look at through the prism of whether or not

Daily Pivots: (S1) 154.78; (P) 155.51; (R1) 156.24; More… Intraday bias in USD/JPY stays neutral first. Correction from 158.86 could still extend with another falling leg. Sustained trading below 55 D EMA (now at 154.64) will target 38.2% retracement of 139.57 to 158.86 at 151.49 next. However, firm break of 158.86 will resume the whole

Daily Pivots: (S1) 1.0368; (P) 1.0401; (R1) 1.0461; More… EUR/USD is still struggling to take out 1.0435 resistance decisively and intraday bias stays neutral. Firm break there will extend the rebound from 1.0176 to 38.2% retracement of 1.1213 to 1.0176 at 1.0572. Rejection by 1.0435 will keep the correction from 1.0176 relatively short. Firm break

Created on January 22, 2025 The pair has been very noisy over the last 24 hours. That is not a huge surprise, considering Donald Trump is in office now, and, of course, he has been tweeting already, talking about tariffs and causing absolute chaos. I think that’s probably what you are going to see for

Trump’s new administration failed to give clear policy guidance. Trump’s speech later in the day might contain hints on his policy plans.  UK pay growth was solid in the three months to November. The GBP/USD forecast indicates uncertainty about the outlook for Trump’s policies, which has left the dollar vulnerable. Meanwhile, the pound strengthened after

Similar to US Treasury yields, we expect the USD Index to rise in the short term, driven by the dominance of Trump Trade in the market. This upward trend is likely to persist through the first quarter of 2025. In the medium term, however, the focus will shift to the Fed’s interest rate cut cycle,

Created on January 22, 2025 The US dollar has been very noisy during the trading session on Tuesday, as President Trump has threatened both Mexico and Canada with a 25% tariff on February 1. At one point, people believed that Trump was likely to wait longer than that to do anything and perhaps try to

Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. File photo The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors

GBP/USD roiled on Tuesday, finding support from 1.2300. UK labor data came in mixed, flubbing forecasts in both directions. With low-tier data on the docket for Wednesday, trade headlines will rule the roost. GBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the