United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
By Sagar Dua During the Asian session, the EUR/USD pair is holding near the 1.1869 level. The euro has failed to develop a sustained upward move amid neutral macroeconomic data and negative assessments from international auditing firm Deloitte.
By Sagar Dua EUR/USD. The European currency is extending the corrective impulse that began last Tuesday, which allowed the single currency to retreat from the local highs seen on January 30. At present, the EUR/USD pair is testing the 1.1860 level for a downside breakout, while market participants await new drivers from key macroeconomic data scheduled for release today at 12:00 (GMT+2).
By Sagar Dua EUR/USD. The euro is testing the 1.1870 level for a downside breakout, extending a fragile short-term bearish trend that began last Tuesday. Investor focus remains on macroeconomic data from the eurozone, which continues to signal structural weakness in the European economy and reinforces expectations of an earlier monetary easing cycle by the European Central Bank (ECB).
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.
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.
