Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
United States. The US dollar is strengthening against the euro, the pound, and the Japanese yen.
The USD/JPY pair is correcting within an upward trend near 157.54 amid the strengthening of the US dollar, which is approaching the 100.00 mark on the USDX index, while the yen remains under pressure due to the sharp rise in energy prices following supply disruptions from the Middle East after the blockade of the Strait of Hormuz.
United States. The US currency is strengthening against its major rivals — the euro, the pound, and the Japanese yen.
Amid the strengthening of the US dollar, the EUR/USD pair is moving within a corrective trend, holding near 1.1608 as macroeconomic data from the eurozone remains largely neutral.
This week the XAU/USD pair climbed to the area of 5419.00, corrected to the 5000.00 region (Murray level [8/8]), and has now resumed its upward movement, reaching the level of 5154.35.
United States. The US dollar is weakening against the yen and the euro but shows mixed dynamics against the pound.
The GBP/USD pair is correcting near the 1.3314 level: amid geopolitical instability, the pound has failed to maintain its upward momentum as the US dollar strengthens.
During the Asian session, XAU/USD is recovering after yesterday’s decline and testing the 5160.00 level as investors prepare for the release of US macroeconomic data.
The US dollar is showing a moderate decline in the USD/JPY pair, retreating from the local highs recorded on January 23 and retested yesterday, while the pair tests the 157.20 level for a potential upward breakout as investors await new catalysts from the United States. In particular, markets will focus on the ADP Nonfarm Employment Change data scheduled for release at 15:15 (GMT+2). The indicator is based on a survey of approximately 400,000 businesses, and forecasts suggest job growth of around 50,000, which would be more than double the January figure and could provide moderate support for the US currency.
The euro continues to develop a bearish impulse, testing the 1.1593 level for a downside breakout during the Asian session as investors wait for new catalysts to drive price movement. In particular, market participants will focus on February services PMI data today: the index in Spain is expected to ease from 53.5 to 52.9 points, in France it is projected to remain around 49.6 points, in Germany near 53.4 points, and in the eurozone overall around 51.8 points.
United States. The US dollar is strengthening against its major peers — the euro, yen, and pound.
This week, the EUR/USD pair is showing negative momentum, losing 1.33% in value and trading below the 1.1675 support level amid a broader shift away from risk assets.
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