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.
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
The European currency is correcting in the EUR/USD pair, while continuing to develop a strong bullish trend that over several trading sessions has pushed the instrument to the record June 2021 highs: quotes are preparing to test the 1.2000 level for an upside breakout, as market participants await the outcome of the US Federal Reserve meeting, scheduled for today at 21:00 (GMT+2).
EUR/USD The European currency is correcting in the EUR/USD pair while continuing to develop a confident bullish trend that over several trading sessions has driven the instrument to the record June 2021 highs: quotes are preparing to test the 1.2000 level for an upside breakout, as market participants await the outcome of the US Federal Reserve meeting, due today at 21:00 (GMT+2).
EUR/USD. The euro is gaining ground against the US dollar, extending last week’s strong bullish momentum. The pair is trading near the 1.1890 level, attempting an upside breakout, while market participants await new catalysts.
USD/JPY The US dollar is losing ground against the Japanese yen, with the USD/JPY pair testing a downside break below the 154.00 level. The sharp strengthening of the yen late last week followed the conclusion of the Bank of Japan’s first policy meeting of 2026.
Amid the weakening of the U.S. dollar, the EUR/USD pair is holding near the 1.1862 level, supported by macroeconomic data from the European Union.
EUR/USD The euro is showing moderate growth against the US dollar, attempting to consolidate above the 1.1860 level after opening the new week with a noticeable upward gap.
United States. The US dollar is strengthening against the euro, weakening versus the pound, and showing mixed dynamics in the pair with the yen.
EUR/USD. The European currency is gaining against the US dollar, preparing to end the week near fresh local highs. The pair returned to growth in Thursday’s trading, despite a corrective pullback formed on Wednesday, as investors and forex traders reacted positively to a partial easing of global tensions.
This week, the EUR/USD pair reached four-week highs near 1.1770, but is currently correcting lower amid the de-escalation of the trade conflict between the United States and the European Union.
United States of America. The U.S. dollar is losing value against the euro, strengthening against the yen, and showing mixed dynamics against the British pound.
EUR/USD. The euro is gaining ground against the US dollar, maintaining the bullish momentum of recent days that briefly allowed the single currency to refresh local highs, although the macroeconomic backdrop remains mixed. Investors continue to be deeply concerned about rising geopolitical uncertainty, which many observers see as a harbinger of a broader shift in the global order.
European equity indices continue their corrective move, reflecting market reaction to a potential increase in US import tariffs on EU goods to 10.0% from February 1. Against this backdrop, CAC 40 is trading near 8065.0.
Latest Forex and commodity market news, analysis, and trends from FORECK.INFO. Markets are driven by macro data, central bank decisions, earnings, and supply-demand factors. Technical analysis helps identify trends, key levels, and potential trading opportunities while managing risk.