- Tight spreads & fast execution
- Multiple account types
- MT4/MT5 + copy-trading
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
The U.S. dollar is losing ground on Forex today against major peers — the euro, pound, and yen.
This week, the GBP/USD pair resumed its upward momentum, regaining earlier losses and trading around 1.3440. The pound found moderate support after the release of Q2 UK GDP data, which showed growth slowing from 0.7% to 0.3% on a quarterly basis, while annual growth accelerated to 1.4%, beating forecasts of 1.2%. Overall, the UK economy delivered the strongest growth among the G7 in the first half of the year, though analysts note much of this was driven by temporary factors, such as a surge in exports ahead of U.S. import tariffs introduced by President Donald Trump. Looking ahead, economists warn that Q3 and Q4 could be weaker due to mounting global trade tensions and new taxes—potentially in the tens of billions of pounds—expected in the autumn budget.
The euro is showing mixed performance against the U.S. dollar during the Asian session, consolidating near 1.1720. Investors are focused on German retail sales data, which dropped from 2.9% to 1.8% year-over-year in August and from –0.5% to –0.2% month-over-month, missing expectations of 0.6% growth.
The U.S. dollar is weakening against the euro, pound, and yen.
The USD/JPY pair is actively declining, holding around 148.68 after the release of Japan’s macroeconomic data last Friday. In September, Tokyo’s core consumer price index excluding fresh food came in at 2.5% YoY, below the median market forecast of 2.8%, while the indicator excluding both fresh food and fuel eased from 3.0% to 2.5%. The core reading without fresh food slowed from 7.4% to 6.9%, which may influence the Bank of Japan’s monetary policy decision at its October 29–30 meeting.
The British pound is showing modest gains against the U.S. dollar in Friday’s morning session, recovering after yesterday’s sharp decline that pushed the pair to fresh lows from September 3. GBP/USD is testing 1.3355 to the upside as investors await the U.S. Personal Consumption Expenditures (PCE) inflation report at 14:30 (GMT+2), a key gauge for the Federal Reserve in assessing inflationary pressures.
The EUR/USD pair is sliding toward 1.1670 as the U.S. dollar strengthens following the Federal Reserve’s first rate cut in eight months—by 25 basis points to 4.25%.
EUR/USD. The euro is gaining against the dollar in the Asian session, rebounding after two days of declines. EUR/USD is testing the 1.1680 level to the upside as traders lock in short-term profits ahead of the weekend.
EUR/USD. The euro is losing ground on Forex against the USD during the Asian session, extending yesterday’s bearish momentum that pushed the pair to fresh weekly lows.
The US dollar is losing ground against the Japanese yen in Asian trading, testing the 148.60 level on a downside breakout and pulling back from the local highs set on September 3. Yesterday’s rally was fueled in part by cautious comments from Federal Reserve Chair Jerome Powell regarding the pace of future rate cuts.
United States. The U.S. dollar is gaining against the euro and the pound today but shows mixed performance against the yen.
The USD/JPY pair has been stuck in a sideways range of 148.44–146.88 (Murray levels [6/8]–[4/8]) for the second month, reflecting uncertainty over the Bank of Japan’s next policy moves, despite macroeconomic data that would justify a rate hike.
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.