Created on January 24, 2025 In the early hours on Thursday, the euro did very little, as we continued to hang around the 1.04 level. The 1.04 level of course is an area that’s been important multiple times in the past, and with that being said I think we’ve got a situation where the market

Trump failed to provide guidance on the proposed 25% tariff on Canadian goods. The US president said the Fed should continue lowering borrowing costs. Data from Canada revealed that retail sales made no change in November. The USD/CAD outlook shows the impact of Trump’s tariff threats fading, allowing the Canadian dollar to recover. On the

“The dollar slipped after Trump refrained from implementing aggressive tariffs post-inauguration, which went against market expectations,” said Jigar Trivedi, senior analyst at Reliance Securities. Trump’s recent call for an immediate interest rate cut and the absence of clear direction on trade policies have further fueled market uncertainty, leading investors to seek refuge in safe-haven assets

EUR/USD flattened near 1.0400 on Thursday. Investors are riding a tepid wave with a notable lack of data. Friday’s global PMI print to cap off an otherwise unremarkable week. EUR/USD flatlined on Thursday, cycling near the 1.0400 handle as investors grind through a largely unremarkable week despite a strong start on Monday. A lack of

Created on January 23, 2025 Bearish View Sell the GBP/USD pair and set a take-profit at 1.2200. Add a stop-loss at 1.2425. Timeline: 1-2 days. Bullish View Buy the GBP/USD pair and set a take-profit at 1.2425. Add a stop-loss at 1.2200. The GBP/USD exchange rate wavered as focus shifted from this week’s swearing in

The forex markets remain unusually quiet today, with Dollar staying soft despite multiple attempts to rebound. The greenback has only managed meaningful gains against the weaker Yen and the struggling Canadian Dollar, while failing to build momentum against other major currencies. With little in the way of significant economic data on the calendar today, trading

While Yen remains the worst performer of the week so far, it has stabilized as the markets await the highly anticipated BoJ rate hike in the upcoming Asian session. Expectations for this rate move were well set by comments from BoJ Governor Kazuo Ueda last week. Risks from US political developments—specifically tariff policies under President

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

Japan recorded a trade surplus of JPY 130.9B in December, the first surplus in six months, driven by a 2.8% yoy rise in exports to JPY 9.91T. Imports also jumped, rising 1.8% yoy to JPY 9.8T. However, exports to the two largest trading partners saw declines, with shipments to China falling by -3.0% yoy and

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