Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
3
February
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By Sergey Lomakin - 306
United States of America. The U.S. dollar is showing moderate strength against the yen and mixed dynamics against the euro and the pound.
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By Sagar Dua - 360
After steep losses last week, the U.S. dollar has rebounded in global markets, while the EUR/USD pair has pulled back toward the 1.1850 area after reaching four-year highs near 1.2080.
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By Sagar Dua
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The euro is showing moderate gains against the U.S. dollar during the Asian session on February 3, with EUR/USD correcting after a strong bearish impulse the day before and testing the 1.1810 level for a potential upside breakout, as market participants await fresh catalysts to drive price action.
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By Sagar Dua
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EUR/USD The euro is showing moderate gains against the U.S. dollar during the Asian session on February 3, correcting after the development of a strong bearish impulse the previous day and testing the 1.1810 level for an upside breakout, while market participants await new drivers for price movement.
2
February
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By Sagar Dua
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Brent Crude Oil prices have been rising steadily since the start of the year and reached a six-month high of 70.40 last week amid escalating geopolitical tensions.
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By Sagar Dua
- 329
The benchmark of the U.S. economy, the S&P 500, is currently undergoing a corrective pullback, hovering around the 6853.0 level.
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By Sagar Dua
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During the morning session on February 2, the U.S. dollar is showing a fairly confident advance against the Canadian currency, extending the bullish impulse that emerged last Friday, when USD/CAD rebounded from its October 2024 record lows. The pair is now testing the 1.3650 level on a potential upside break, while market participants wait for fresh catalysts to drive the next move.
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By Sagar Dua
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The USD/CHF pair is trading in a corrective phase around 0.7723 and appears to be preparing for another local leg lower. The Swiss franc remains relatively stable against major global currencies, keeping the pair well below the key stability threshold at 0.7800. At the same time, last Friday’s rebound in the U.S. dollar gave the Swiss National Bank (SNB) some breathing room, allowing it to postpone—at least for now—any emergency measures, including potential market intervention.
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By Sagar Dua
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During the Asian session, the U.S. dollar is showing mixed price action against the Japanese yen, with USD/JPY consolidating around the 155.00 area. The pair briefly refreshed local highs seen earlier last week, but bulls ultimately failed to hold above these levels. Even so, the broader uptrend remains intact, as the fundamental backdrop and rising political uncertainty in Japan continue to limit any meaningful recovery in the yen.
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By Sagar Dua
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EUR/USD. The euro is showing modest gains against the U.S. dollar during the Asian session, testing the 1.1850 level for an upside breakout, as investors and FX traders wait for fresh macroeconomic catalysts.
30
January
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By Sagar Dua
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United States The U.S. dollar is moderately strengthening against the euro, the pound, and the yen.
29
January
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By Sagar Dua
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EUR/USD. The euro is gaining ground in the EUR/USD pair, recovering from a sharp decline seen the previous day and testing the 1.1990 level for a bullish breakout. The focus of investors and FX traders remains on the outcome of the US Federal Reserve meeting that concluded yesterday.
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