Tag: Forex Market Analysis
ForexLive European FX News Wrap: Dollar Momentum Cools at Week’s End
The dollar took a breather in European trading today after making strong gains earlier in the week. USD/JPY fell from around 156.20 to 155.21 before recovering to around 155.60. EUR/USD also rose from 1.0540...
Dollar Strengthens Amid Trump Trade Developments | ForexLive European FX News
The dollar is showing strength as the new week begins, maintaining its post-election momentum despite it being a partial market holiday in the US. The greenback is gaining ground against the yen, euro, pound,...
BOJ Rate Hike Timing Debate Boosts USD/JPY – Forexlive
The Bank of Japan recently released a summary of their October meeting, sparking a debate on the timing of a potential rate hike. According to Reuters, the Summary revealed that there is a division...
EUR/USD Weekly Forecast: Latest Analysis and Trends
The EUR/USD pair saw a rise from a short-term low of 1.0760 last week, reaching 1.0904 before retreating. This week, the initial bias has turned neutral. There may be more consolidation above 1.0760, and...
Dollar Dominance Pauses Pre-Election, Upside Potential Remains – Action Forex
The dollar, which has been dominating the currency markets recently, took a step back last week. However, this slight retreat doesn't necessarily mean that the upward momentum of the greenback is over. It seems...
European Inflation Data Takes Center Stage Today | Forexlive
Major currencies are mostly steady at the moment, with the Japanese yen being the only one showing some movement as we transition from Asia to Europe. Following the BOJ policy decision where rates were...
USD Breaks Key Resistance with 10-Year Yield Surge – Action Forex Analysis
The Dollar emerged as the clear winner in the currency markets last week, with both the Dollar Index and the 10-year US Treasury Yield breaking through significant resistance levels. This surge in the Dollar...
Dollar Continues Winning Streak Despite Momentum Slowdown – Action Forex
The Dollar continued to dominate as the strongest currency for another week, supported by expectations of gradual rate cuts by the Fed. The recent rate cut from the ECB also gave the greenback a...
USD/JPY Price Drops Today But Buyers Maintain Control | Forexlive Trading Analysis
The USD/JPY price experienced a slight drop today, but buyers are still in control of the situation. Looking at the near-term chart, a 30 pip drop earlier may not seem significant. According to a...
UK Retail Sales Boost Pound Value – Forex Market Update
The British pound continued to rise on Friday, with GBP/USD trading at 1.3046, up 0.27% for the day. This increase in value is attributed to the stronger-than-expected UK retail sales data for September. Retail...
