United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
By Sagar Dua United States. The US dollar is losing ground against its major peers — the pound, the euro, and the yen.
By Sagar Dua USD/JPY. During the Asian session, USD/JPY remains in a downward trend near 153.50. Pressure on the pair intensified after the decisive victory of Japan’s Liberal Democratic Party in the snap lower house elections, where it secured 316 out of 465 seats, surpassing the two-thirds threshold required to independently advance its legislative agenda.
By Sagar Dua EUR/USD. The euro is erasing the corrective impulse formed a day earlier, when EUR/USD retreated from the January 30 local highs. During the Asian session, the pair is testing 1.1910 for a breakout to the upside as traders await fresh catalysts.
By Sagar Dua EUR/USD. The euro is extending the corrective pullback formed yesterday after EUR/USD retreated from its January 30 local highs. During the Asian session, the pair is testing the 1.1880 level to the downside as traders await fresh catalysts.
By Sagar Dua EUR/USD. The single European currency is showing mixed trading in the EUR/USD pair during the Asian session, consolidating near the 1.1900 level and around the local highs of January 30, supported by the European Central Bank’s (ECB) predictable monetary policy. The regulator does not rule out a rate hike should inflationary pressures re-accelerate.
By Sagar Dua EUR/USD The European currency is showing moderate gains against the US dollar, extending the corrective momentum formed at the end of last week and testing the 1.1820 level for an upside breakout, while market participants remain cautious and refrain from opening new positions in the absence of fresh catalysts.
By Sagar Dua United States The U.S. dollar is weakening against the euro and the pound, while showing mixed dynamics against the yen.
By Sagar Dua After updating the July 2011 low, the USD/CHF pair has gained 2.15% and is now approaching the 0.7822 resistance level: the rapid bullish rally in precious metals has given way to a sharp correction, with gold down 12.7% from recent highs and silver plunging a record 37.0%.
By Sagar Dua The USD/JPY pair is correcting within an upward trend, trading at 156.64 amid a weakening yen.
By Sagar Dua The USD/CAD pair is showing a slight decline during the morning session on February 6, consolidating near the 1.3700 level and the local highs recorded on January 27. Investors are closing part of their short positions toward the end of the week, locking in profits after the moderate strengthening of the US dollar across most market segments, while awaiting the Canadian labour market report due at 15:30 (GMT+2), which could significantly adjust expectations for the future direction of monetary policy. According to current forecasts, employment growth may amount to only 7.0 thousand, below the 8.2 thousand recorded in December, while average hourly wages are likely to remain unchanged at 3.7% year-on-year, signalling persistent inflationary risks. The unemployment rate is expected to remain stable at around 6.8%. Later, at 17:00 (GMT+2), attention will shift to January data for the Ivey PMI, reflecting business activity in the national manufacturing sector. Adjusted for seasonal factors, the index may continue its sharp decline from 51.9 points to 49.7 points, putting additional pressure on the Canadian dollar.
By Sagar Dua EUR/USD — The European currency is showing modest gains against the US dollar, consolidating near the 1.1800 level during the morning session as market participants assess the outcome of the European Central Bank (ECB) meeting. The regulator left its key parameters unchanged for the fifth consecutive time: the main refinancing rate at 2.15%, the marginal lending facility at 2.40%, and the deposit rate at 2.00%. In its official statement, policymakers emphasized that the updated assessment points to inflation stabilizing around the 2.0% target over the medium term, while the economy is demonstrating moderate resilience amid low unemployment (7.1% as of January) and a gradual increase in government spending.
By Sagar Dua USD/JPY. The U.S. dollar is showing modest gains against the Japanese yen, testing the 156.84 level during the Asian session and updating local highs last seen on January 23. The yen remains under pressure amid growing political uncertainty in Japan.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.
