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
21
October
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By Sagar Dua - 267
The USD/CAD pair has consolidated above the May high near 1.4015 amid continued oil price declines and rising U.S. tariff revenues.
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By Sagar Dua
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The NZD/USD pair is consolidating around 0.5728 following the Reserve Bank of New Zealand’s (RBNZ) decision to cut the key interest rate by 50 basis points amid rising inflation in Q3.
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By Sagar Dua
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During the morning session, Brent Crude Oil prices are attempting to recover from the May 6 lows updated the previous day, trading below the 60.00 mark. However, there are still few drivers for a sustained upward move.
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By Sagar Dua
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The Australian dollar shows a modest decline in the AUD/USD pair, correcting after the upward momentum seen earlier: the instrument is testing the 0.6500 mark for a downside breakout, while investors are in no hurry to open new positions until fresh market drivers emerge. In Australia, October business activity data will be released on Friday at 00:00 (GMT+2), followed by a speech by Reserve Bank of Australia (RBA) Governor Michele Bullock at 02:05 (GMT+2).
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By Sagar Dua
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The U.S. dollar is gaining in the USD/JPY pair, extending its short-term bullish trend as the instrument tests the 151.20 mark for an upside breakout.
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By Sagar Dua
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EUR/USD. The euro is showing a modest decline in EUR/USD, testing 1.1620 for a downside breakout as market activity remains muted. Yesterday, forex investors and traders focused on Germany’s September producer inflation: the annual drop in the Producer Price Index slowed from –2.2% to –1.7% versus a –2.0% forecast, and the monthly print improved from –0.5% to –0.1% versus expectations for 0.1%, reflecting stable dynamics.
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By Sagar Dua
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United States of America. The US dollar is strengthening against the euro and the pound, while showing mixed dynamics versus the yen.
20
October
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By John Isige - 401
The so-called “Shocktober” shook Bitcoin, Ethereum, and other cryptocurrencies hard. Here’s what investors need to know to stay prepared.
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By Sagar Dua
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EUR/USD. The euro shows slight growth against the U.S. dollar, testing the 1.1670 level for an upside breakout. Forex investors are focused on September data from Germany, where the Producer Price Index slowed its annual decline from –2.2% to –1.7% and the monthly rate from –0.5% to –0.1%, while markets had expected a 0.1% increase.
17
October
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By Sagar Dua
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United States. The U.S. dollar shows mixed performance against the yen, pound, and euro.
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By Sagar Dua
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The leading U.S. equity benchmark, the S&P 500 index, is trading near 6584.0.
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By Sagar Dua
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After reaching 153.23 last week, the USD/JPY pair entered a downward correction amid the third consecutive week of the U.S. government shutdown. The absence of updated economic data prevents officials from assessing the impact of consumer and wholesale inflation, GDP, and other key indicators—complicating monetary policy decisions.
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