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 United States of America. The U.S. dollar is losing ground against the euro and the pound on the Forex market, while showing positive dynamics against the yen.
By Sagar Dua EUR/USD. Yesterday, the EUR/USD pair reached 1.1900 before moving into a correction. However, the overall positive trend remains intact, supported by eurozone macroeconomic data. The core consumer price index stayed at 2.3% year-over-year and 0.3% month-over-month, while the broader index slowed from 2.1% to 2.0% and from 0.2% to 0.1%, respectively. At its last meeting, the European Central Bank (ECB) kept the interest rate at 2.15%. With inflation returning to the 2.0% target, borrowing costs may remain near this level at the October 30 meeting, potentially supporting the euro and acting as a catalyst for growth toward 1.2085.
By Sagar Dua EUR/USD. The European currency is losing ground in the EUR/USD pair during the Asian session, extending the short-term downtrend formed the day before. The instrument is testing the 1.1790 level to the downside as investors assess the outcome of the U.S. Federal Reserve’s two-day meeting, where the benchmark interest rate was cut by 25 basis points to 4.25% amid weak labor market data and overall economic cooling.
By Sagar Dua The Australian dollar is losing ground against the U.S. dollar in the AUD/USD pair during the Asian session, extending the bearish momentum formed the day before. The pair is testing the 0.6630 level to the downside as investors digest August labor market data.
By Sagar Dua During the Asian session, the EUR/USD pair is trading at 1.1852, as EU macroeconomic data signals the effectiveness of monetary policy while the U.S. dollar weakens.
By Sagar Dua EUR/USD. The euro is showing flat dynamics against the US dollar during the Asian session, holding near 1.1850 and close to the record highs of September 7, 2021. Investors remain cautious ahead of the conclusion of the two-day Federal Reserve meeting at 20:00 (GMT+2), where the rate may be cut by 25 basis points to 4.25%, a move already priced in by the market.
By Sagar Dua United States of America. The US dollar is losing value on Forex against the yen, pound, and euro.
By Sagar Dua During the Asian session, the USD/CAD pair is trading at 1.3771 amid a weaker US dollar and positive Canadian macroeconomic statistics.
By Ihor During the Asian session, the USD/CHF pair is showing moderate downward dynamics in the ultra-short-term outlook, trading at 0.7928. Investors are reluctant to open new positions ahead of the US Federal Reserve’s monetary policy meeting tomorrow at 20:00 (GMT+2), expecting a 25 basis point rate cut and updated forecasts on further policy moves this year.
By Sagar Dua The British pound is gaining in value in the GBP/USD pair during the Asian session, consolidating above 1.3600 and updating local highs from July 8 following the release of national labor market statistics. In July, employment rose by 232.0K, only 7.0K fewer than in the previous month. Jobless claims in August increased by 17.4K after –33.3K, compared with a forecast of 20.3K. Average hourly earnings excluding bonuses slowed from 5.0% to 4.8% in July, while the unemployment rate stabilized around 4.7%.
By Sagar Dua The European currency shows moderate growth on Forex during the Asian session, extending the bullish momentum formed the day before: the EUR/USD pair is testing the 1.1780 level for an upward breakout, while investors are awaiting the results of the two-day US Federal Reserve meeting, which will be released on Wednesday at 20:00 (GMT+2).
By Sagar Dua EUR/USD. The European currency is showing moderate growth during the Asian session, extending the bullish momentum formed the day before: the EUR/USD pair is testing the 1.1780 mark for an upward breakout, while investors are awaiting the results of the two-day US Federal Reserve meeting, which will be released on Wednesday at 20:00 (GMT+2).
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.
