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. The US dollar is strengthening against the euro, pound, and yen.
By Sagar Dua Last week the EUR/USD rate dropped to 1.1597 (Murray level [6/8]) but then rebounded to 1.1719 (Murray level [8/8]) following comments by Fed Chair Jerome Powell at the Jackson Hole economic symposium.
By Sagar Dua The NZD/USD rate turned from 0.5798 (Murray level [–1/8]) and is now testing 0.5859 (Murray level [0/8]).
By Sagar Dua On Friday, USD/JPY dropped 0.95% to 147.31 following the release of July’s nationwide CPI, which rose 3.1% year-on-year, above the 3.0% forecast and the Bank of Japan’s 2.0% target. On a monthly basis, the index remained at 0.1%. Energy prices fell 0.3% for the first time since March last year, while food prices excluding fresh items accelerated to 8.3%. The data highlight growing pressure on household finances and increase expectations for a policy shift at the Bank of Japan’s September 19 meeting, supporting the yen. Markets will now focus on Japan’s July labor data and Tokyo’s August CPI, expected to show unemployment stable at 2.5% and inflation accelerating from 2.7% to 2.9%. July industrial production, due at 01:50 (GMT+2), may rise from –1.0% to 2.1% m/m.
By Sagar Dua During the Asian session, GBP/USD is correcting at 1.3509, supported by dollar weakness and Bank of England rhetoric.
By Sagar Dua The AUD/USD pair is correcting within an upward trend at 0.6490, supported by weakness in the US dollar.
By Sagar Dua Last week, NZD/USD steadily corrected downward and is now testing 0.5798 (Murray level [–1/8]) after the Reserve Bank of New Zealand (RBNZ) cut its interest rate by another 25 basis points to 3.00%, marking a three-year low. Officials also hinted at further monetary easing due to slowing business activity and consumer caution driven by higher U.S. trade tariffs.
By Sagar Dua AUD/USD is testing the 0.6420 support level after the Reserve Bank of New Zealand cut its interest rate from 3.25% to 3.00% and ahead of a similar move expected from the Reserve Bank of Australia on September 30. The RBNZ explained the decision by inflation holding near the upper end of the 1.0–3.0% target range and a slowdown in Q2 economic recovery. A week earlier, the RBA also lowered its borrowing cost from 3.85% to 3.60%. Against this backdrop, the pair may reach the support zone at 0.6420–0.6370.
By Sagar Dua During the Asian session, USD/CAD is correcting at 1.3912 as the Canadian dollar shows neutral dynamics amid macroeconomic data releases.
By Sagar Dua The USD/JPY pair trades at 148.74, supported by the strength of the U.S. dollar and under pressure from Japan’s macroeconomic statistics.
By Sagar Dua EUR/GBP is trading around 0.8647. The euro remains relatively stable and has resumed an upward trend after forming a local low, supported by resilience in the EU economy and accelerating inflation in the UK.
By Sagar Dua GBP/USD has been grinding lower this week and now trades near 1.3428 (Murray [4/8]). Pressure on sterling followed Wednesday’s July CPI: headline rose from 3.6% to 3.8% y/y and core from 3.7% to 3.8%, denting hopes for another Bank of England rate cut—especially after last month’s easing scraped through by a single vote. Markets had leaned toward a December trim; now odds of no change this year are put near 57%.
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.
