The AUD/USD pair continues its upward trajectory, maintaining momentum. The Australian dollar, in tandem with the US dollar, has extended its rise. The current AUD/USD exchange rate is positioned at 0.6565. The Aussie is gradually appreciating, steadily solidifying its position. A significant contributing factor is the ongoing weakness of the US dollar, as the market anticipates the release of the Federal Reserve's latest meeting minutes later this evening. The minutes from the Reserve Bank of Australia's previous meeting indicated that policymakers are still deliberating the potential for fu ..read more

The USD/JPY pair has reverted to trading within a horizontal range. The Japanese yen, in tandem with the US dollar, has scaled back its activity to a minimum. The prevailing USD/JPY exchange rate is currently positioned at 149.98. Morning statistics from Japan unveil a downturn in the February Reuters Tankan business confidence index, sliding to -1 points from the preceding 6 points. January witnessed a noteworthy upswing in Japanese exports, registering a substantial 11.9% year-on-year increase, outpacing the expected 9.5%. This data showcases an improvement over the previous period. Neverth ..read more

The S&P 500 index might continue its descent. This overview also delves into the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and Gold. EUR/USD (Euro vs US Dollar) EUR/USD (Euro vs US Dollar) The EUR/USD pair has crafted a structure with an upward surge to 1.0838 and a subsequent downward slide to 1.0803 today. At present, a growth phase to 1.0820 is unfolding. Essentially, new consolidation levels might emerge around these values. A breakout to the upside could see the range expanding to 1.0850. Conversely, a downward breakout could pave the way for a new downward wave to 1.0755. This mar ..read more

The USD/JPY pair remains in a state of flux, uncertain about its future direction. The Japanese yen, in tandem with the US dollar, is exhibiting constant fluctuations, with the present USD/JPY exchange rate at 150.16. Today's market attention is centered on discussions surrounding potential currency interventions in Japan. On Tuesday, Atsushi Mimura, the spokesman for the Finance Ministry, conveyed that ongoing dialogues are taking place between Japanese authorities, foreign counterparts, and the Central Bank. The purpose of these discussions is to facilitate rapid responses in the currency m ..read more

CHF shows signs of potential decline. The analysis also covers the movements of EUR, GBP, JPY, AUD, Brent, Gold, and the S&P 500 index. EUR/USD (Euro vs US Dollar) EUR/USD (Euro vs US Dollar) The EUR/USD pair is currently consolidating around 1.0760. A potential decline to 1.0755 is in consideration for today. There might be an upward breakout from the range, targeting 1.0823. Once this level is attained, a new decline wave to 1.0717 could be anticipated. This marks the initial target for the upcoming decline. GBP/USD (Great Britain Pound vs US Dollar) GBP/USD (Great Britain Pound vs US D ..read more

This week will not be rich in data and emotions, enabling market participants to focus on analysis and forecasts. CAD: under pressure Canada is set to release January’s statistics on inflation and the new housing price index. Robust reports will allow the CAD, which is under pressure, to improve its position. USD: focus on the Fed again The US Federal Reserve will publish minutes of the previous meeting, with market participants typically scrutinising this document for any hints about the regulator’s future actions, especially a rate cut in May. The USD maintains a stable position. EUR: fig ..read more

The EUR/USD pair exhibits steadiness on this calm Monday. The main currency pair maintains equilibrium at the start of the week, with the current EUR/USD exchange rate at 1.0775. The atmosphere is tranquil this morning, with the US dollar showing stability as the country observes Presidents' Day, resulting in diminished intraday activity across the market spectrum. Recent data from last week revealed that the Producer Price Index (PPI) for January surpassed expectations with a notable increase. The sustained inflationary trend raises the likelihood of the US Federal Reserve postponing any pla ..read more

Gold's upward momentum may persist. The analysis also encompasses the movements of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index. EUR/USD (Euro vs US Dollar) EUR/USD (Euro vs US Dollar) The EUR/USD pair found support at the 1.0732 level and has subsequently surged to 1.0787. Currently, a consolidation range is taking shape below this level. If there's an upward breakout, the correction may extend to 1.0816. Once reached, a decline to 1.0774 could follow (a test from above). Subsequently, a new upward structure to 1.0852 might take form. In case of a downward breakout from the rang ..read more

The EUR/USD pair has stabilized, displaying a recovery. The primary currency pair is exhibiting a neutral stance on Friday, with the current EUR/USD exchange rate standing at 1.0761. Mixed results emerged from yesterday's US statistics, leading investors to speculate about a potential Fed interest rate cut in May, prompted by certain weak macroeconomic indicators. January's US retail sales experienced a 0.8% m/m decline, deviating from the anticipated 0.2% increase. Contrastingly, the indicator rose by 0.6% in December. The primary cause for these fluctuations is attributed to the cooling of ..read more

The AUD/USD pair briefly halted its upward momentum after a two-day ascent. The Australian dollar, in conjunction with the US dollar, is currently showing signs of resilience, with the present AUD/USD exchange rate at 0.6518. Having rebounded from its three-month low, the Aussie's exchange rate demonstrated a notable correction, benefiting from the decline in the US dollar. The recent US retail sales data has further strengthened the anticipation of future interest rate cuts by the Federal Reserve. Domestic data from Australia aligns with the prevailing expectation of a stable monetary policy ..read more