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
25
September
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By Sagar Dua - 352
Silver prices continue to trend higher, consolidating near the 44.00 handle.
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By Sagar Dua
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EUR/USD. The euro is losing ground on Forex against the USD during the Asian session, extending yesterday’s bearish momentum that pushed the pair to fresh weekly lows.
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By Sagar Dua
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The US dollar is losing ground against the Japanese yen in Asian trading, testing the 148.60 level on a downside breakout and pulling back from the local highs set on September 3. Yesterday’s rally was fueled in part by cautious comments from Federal Reserve Chair Jerome Powell regarding the pace of future rate cuts.
24
September
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September
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By Sagar Dua
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The USD/JPY pair has been stuck in a sideways range of 148.44–146.88 (Murray levels [6/8]–[4/8]) for the second month, reflecting uncertainty over the Bank of Japan’s next policy moves, despite macroeconomic data that would justify a rate hike.
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By Sagar Dua
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The S&P 500 index is correcting around the 6692.0 level.
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By Sagar Dua
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In September, WTI Crude Oil is trading above the key support level of 62.00, holding low volatility as investors weigh signals from U.S. and Chinese policymakers while awaiting fresh catalysts for movement.
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By Sagar Dua
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During the Asian session, the USD/CHF pair consolidates around 0.7920. With no fresh drivers on the market, forex investor activity remains subdued as they continue to assess the Fed’s latest monetary policy decision.
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By Sagar Dua
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The US dollar is losing ground against the Canadian dollar in the USD/CAD pair during the morning session, pulling back after testing the 1.3830 level on an attempted breakout. Traders are awaiting fresh market drivers while digesting the outcomes of last week’s Federal Reserve and Bank of Canada meetings.
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By Sagar Dua
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EUR/USD. The euro is trading higher against the U.S. dollar in the morning session, extending the corrective momentum from the previous day as the pair attempts to hold above 1.1800.
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By Sagar Dua
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The Australian dollar is losing ground against the U.S. dollar in the AUD/USD pair during the Asian session, once again retreating to local lows from September 8, updated the day before. Yesterday’s trading closed with only a slight gain as the market lacked significant drivers.
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