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.
Markets
26
December
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By Sagar Dua - 349
United States. The U.S. dollar is strengthening against the yen, the euro, and the pound.
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By Sergey Lomakin - 361
The EUR/USD pair has been gaining for a second consecutive month and is currently trading around 1.1779 (Murrey level [+1/8]), while overall investor activity remains subdued due to the Christmas holidays.
24
December
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By Sagar Dua
- 336
United States of America. The US dollar is weakening against the Japanese yen and shows mixed dynamics in pairs with the euro and the British pound.
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By Sagar Dua
- 324
The GBP/USD pair has been extending its upward momentum for a second consecutive month, correcting against the medium-term downtrend. This week, the price reached four-month highs near 1.3535, supported by upbeat UK macroeconomic data.
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By Sagar Dua
- 353
Prices for benchmark Brent crude oil are correcting within a downward trend and are currently holding slightly below the $62 per barrel level.
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By Sagar Dua
- 334
Amid a weaker US dollar and strong macroeconomic data from the euro area, the EUR/USD pair is trading within a corrective trend near the 1.1790 level.
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By Sagar Dua
- 315
EUR/USD. The European currency is strengthening against the US dollar, extending the upward momentum seen at the start of the week. The pair is testing the 1.1790 level for an upside breakout, reaching fresh local highs last seen on September 24.
23
December
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By John Isige - 284
United States. The US dollar continues to weaken against the euro, the British pound and the Japanese yen, remaining under pressure from a combination of macroeconomic and political factors.
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By Sagar Dua
- 269
EUR/USD. The euro is gaining against the US dollar, extending the bullish impulse formed a day earlier. The pair is testing the 1.1775 area for an upside breakout, supported by expectations that the European Central Bank (ECB) is unlikely to ease policy in the near term.
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By Sagar Dua
- 333
The AUD/USD pair is correcting within an uptrend near 0.6667, supported by renewed weakness in the US dollar.
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By Sagar Dua
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During the morning session, WTI Crude Oil prices are showing mixed performance, consolidating near 57.80 and close to the highs posted on December 11. On the previous day, prices received a strong bullish impulse driven by a weaker US dollar amid growing expectations of a Federal Reserve policy easing cycle.
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By Sagar Dua
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The GBP/USD pair is gaining ground, consolidating near the early-October local highs and testing the 1.3484 level for an upside breakout. Market activity remains subdued as many investors gradually head into the Christmas holiday period. Still, volatility has been relatively elevated at the start of the week after key macroeconomic data was released in the UK. In particular, investors and FX traders noted that the UK economy maintained its prior growth pace of 0.1% quarter-on-quarter and 1.3% year-on-year in Q3. However, momentum could slow as early as Q4 as conditions across global trading venues deteriorate. For example, UK manufacturers are facing high import tariffs not only from the US but also from the EU.
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