Forex Markets Steady Ahead of ECB Rate Cut and US NFP; EUR/USD, GBP/USD Hold Bullish BiasMajor currency pairs traded cautiously on Thursday as investors awaited key economic events, including the ECB’s interest rate decision and the U.S. Nonfarm Payrolls report. Mixed global data and shifting central bank expectations kept volatility in check, while the U.S. Dollar remained in focus amid rising uncertainty. Markets In Focus Today – EUR/USDEUR/USD holds steady near the 1.1400 level as markets await the ECB’s interest rate decision.The EUR/USD pair trades with a cautious tone, hovering slightly above the key 1.1400 mark during Thursday’s Asian session. The pair is likely to remain range-bound as investors await the European Central Bank’s (ECB) interest rate decision, set for release at 12:15 GMT. The ECB is widely expected to cut its key interest rates by 25 basis points, bringing the Deposit Facility Rate down to 2% and the Main Refinancing Operations Rate to 2.15%. This would mark the ECB’s seventh consecutive rate cut and the eighth since it began its monetary easing cycle in June last year. Market confidence in another rate cut has strengthened amid continued disinflation in the Eurozone. Preliminary data for the Harmonized Index of Consumer Prices (HICP) released Tuesday showed inflation falling below the ECB’s 2% target. With the Federal Reserve also expected to ease policy, investors will closely monitor ECB President Christine Lagarde’s post-decision press conference for signals on the central bank’s policy direction in the second half of the year. Markets will also be watching for any updates on trade negotiations with the United States. Attention will then shift to the upcoming U.S. Nonfarm Payrolls (NFP) report for May, due on Friday. Technical Overview With Chart: 1749129457518.png Moving Averages Exponential: MA 10: 1.1367 | Positive Crossover | Bullish MA 20: 1.1330 | Positive Crossover | Bullish MA 50: 1.1205 | Positive Crossover | Bullish Simple: MA 10: 1.1372 | Positive Crossover | Bullish MA 20: 1.1295 | Positive Crossover | Bullish MA 50: 1.1244 | Positive Crossover | Bullish RSI (Relative Strength Index): 57.3952 | Buy Zone | Bullish Stochastic Oscillator: 82.1478 | Buy Zone | Neutral Resistance And Support Levels: R1: 1.1411 R2: 1.1495 S1: 1.1142 S2: 1.1058 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Limit Buy: 1.1367 Take Profit: 1.1513 Stop Loss: 1.1290 GBP/USDGBP/USD stays under pressure below the 1.3550 mark as the U.S. Dollar regains strength, indicating a potential technical correction.GBP/USD pulls back from its recent gains, trading near the 1.3550 level during Thursday’s Asian session. The pair weakens as the U.S. Dollar strengthens on the back of a technical correction. However, the downside may be limited, as the Greenback could come under renewed pressure due to deteriorating risk sentiment linked to growing tariff uncertainties and concerns over their impact on U.S. economic growth. Data from the Institute for Supply Management (ISM) showed that the Services PMI declined to 49.9 in May, down from April’s 51.6 and below the expected 52.0. Additionally, the ADP report revealed that the U.S. private sector added just 37,000 jobs in May—well below the revised April figure of 60,000 and the forecast of 115,000. Minneapolis Fed President Neel Kashkari acknowledged signs of softening in the labor market but emphasized ongoing economic uncertainty, suggesting the Federal Reserve will remain cautious and data-dependent. In contrast, UK economic data offered a slight boost. The S&P Global Composite PMI rose to 50.3 in May from April’s 48.5, beating the preliminary reading of 49.4. The Services PMI also improved to 50.9, signaling modest growth in the sector. Meanwhile, UK exporters will temporarily face the previous 25% tariff rate after President Trump signed an executive order on Tuesday easing the recently imposed 50% U.S. tariffs on steel and aluminum. Technical Overview With Chart: 1749129472188.png Moving Averages Exponential: MA 10: 1.3497 | Positive Crossover | Bullish MA 20: 1.3438 | Positive Crossover | Bullish MA 50: 1.3273 | Positive Crossover | Bullish Simple: MA 10: 1.3515 | Positive Crossover | Bullish MA 20: 1.3417 | Positive Crossover | Bullish MA 50: 1.3262 | Positive Crossover | Bullish RSI (Relative Strength Index): 61.8009 | Neutral Zone | Neutral Stochastic Oscillator: 82.7285 | Neutral Zone | Neutral Resistance And Support Levels: R1: 1.3568 R2: 1.3675 S1: 1.3222 S2: 1.3115 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Limit Buy: 1.3544 Take Profit: 1.3675 Stop Loss: 1.2960 USD/CHFVisit Us For - Major Forex Pair Analysis By Capital Street FX
|
|
|
|
Forex Markets Steady as Traders Eye ECB Cut, US Jobs Data, and Trump-Xi Trade Talks.EUR/USD trades just under the 1.1400 mark as Eurozone inflation dips below the ECB’s 2% target.The pair could see renewed strength as the US Dollar (USD) remains under pressure, weighed down by investor caution surrounding escalating tariff uncertainties and their potential drag on US economic growth. April’s Job Openings and Labor Turnover Survey (JOLTS) revealed 7.39 million new job openings—surpassing both the March figure of 7.2 million and the market forecast of 7.1 million—pointing to continued resilience in the US labor market. Market focus now shifts to the upcoming US Nonfarm Payrolls (NFP) report for May, expected to show 130,000 job gains. A stronger-than-expected reading may boost the USD and exert downside pressure on EUR/USD. Meanwhile, geopolitical developments remain in focus. US Treasury Secretary Scott Bessent stated on Sunday that Presidents Trump and Xi Jinping are expected to meet soon to address ongoing trade tensions. On Monday, China’s Ministry of Commerce announced compliance with the agreement by suspending certain tariff and non-tariff measures targeting the US. However, last week, President Trump accused China of violating the recent tariff truce. In the Eurozone, the Harmonized Index of Consumer Prices (HICP) declined to 1.9% year-over-year in May—below the European Central Bank’s (ECB) 2% target for the first time in eight months. Core inflation, which excludes energy and food, eased to 2.3% from 2.7% in April. The weaker inflation data has bolstered expectations for a rate cut at this week’s ECB meeting. Markets have fully priced in a 25 basis point reduction in the Deposit Facility Rate, bringing it down to 2%. Technical Overview With Chart : Media-2025-06-04T143004.403.jpg Moving Averages : Exponential : MA 10 :1353 | Positive Crossover | Bullish MA 20 :1319 | Positive Crossover | Bullish MA 50 :1196 | Positive Crossover | Bullish Simple : MA 10 :1356 | Positive Crossover | Bullish MA 20 :1284 | Positive Crossover | Bullish MA 50 :1231 | Positive Crossover | Bullish RSI (Relative Strength Index) : 56.4656 | Buy Zone | Bullish Stochastic Oscillator : 83.3643 | Buy Zone | Neutral Resistance And Support Levels : R1 :1411 R2 :1.1495 S1 :1142 S2 :1.1058 Overall Sentiment : Bullish Market Direction : Buy Trade Suggestion: Limit Buy : 1.1361 | Take Profit : 1.1444 | Stop Loss : 1.1313 GBP/USDGBP/USD holds above the 1.3500 level as the US Dollar weakens amid a broad “Sell America” sentiment.The pair may gain further support as the US Dollar remains under pressure amid the prevailing “Sell America” sentiment, driven by growing tariff uncertainty and its potential impact on US economic growth. April’s Job Openings and Labor Turnover Survey (JOLTS) reported 7.39 million new positions, exceeding both March’s 7.2 million and the market forecast of 7.1 million. Traders now turn their attention to the May Nonfarm Payrolls (NFP) report, which is expected to show a 130,000 increase in jobs. Geopolitical developments remain in focus as well. A potential meeting between US President Donald Trump and Chinese President Xi Jinping is anticipated to address ongoing trade tensions. This follows China’s Ministry of Commerce rejecting Washington’s claims that Beijing violated the recent tariff truce. On the domestic front, Bank of England (BoE) officials appeared before Parliament for the Monetary Policy Report Hearings, offering insights into the central bank’s outlook. Governor Andrew Bailey reiterated his view that interest rates will likely be lowered but acknowledged a high degree of uncertainty surrounding the economic path ahead. He also warned that escalating global trade tensions could weigh on investment and growth. The hearings revealed a divided stance within the BoE. While some policymakers worry that inflation may remain sticky, others caution that maintaining elevated interest rates for too long could damage the economy. With no clear consensus, the BoE is expected to take a data-dependent approach to future rate decisions. Technical Overview With Chart : Media-2025-06-04T143009.458.jpg Moving Averages : Exponential : MA 10 :3483 | Positive Crossover | Bullish MA 20 :3425 | Positive Crossover | Bullish MA 50 :3262 | Positive Crossover | Bullish Simple : MA 10 :3501 | Positive Crossover | Bullish MA 20 :3401 | Positive Crossover | Bullish MA 50 :3250 | Positive Crossover | Bullish RSI (Relative Strength Index) : 61.0668 | Buy Zone | Bullish Stochastic Oscillator : 80.8967 | Buy Zone | Neutral Resistance And Support Levels : R1 :3568 R2 :1.3675 S1 :3222 S2 :1.3115 Overall Sentiment: Bullish Market Direction : Buy Trade Suggestion : Limit Buy : 1.3507 | Take Profit : 1.3582 | Stop Loss : 1.3469 USD/CAD Visit Us For - Major Forex Pair Analysis By Capital Street FX
|
|
|
|
Dollar Weakens, EUR/USD and GBP/USD Surge Ahead of GDP and Retail Sales.Major currency pairs are showing notable price action during Friday’s Asian session, driven by weakening US Dollar sentiment, evolving central bank outlooks, and critical economic indicators. For traders in the UK and USA, attention now turns to Germany’s Q1 GDP and the UK’s Retail Sales data, both due during the local morning and early trading hours. With volatility expected, the USD’s trajectory will also hinge on upcoming US housing data later in the New York session. EUR/USD – Rebounds Above 1.1300 as Focus Shifts to German GDP Fundamental Overview EUR/USD is trading near 1.1310 during early Friday hours in Europe, recovering from Thursday’s 0.5% loss amid a broad USD retreat. The US Dollar is under pressure as Treasury yields decline; notably, the 30-year bond yield has fallen from a 19-month high of 5.15%. Local traders in the UK and USA should monitor Germany’s Q1 GDP report, which is scheduled for 11:30 BST (06:30 EDT). This data is crucial for Eurozone outlook and may shape EUR/USD momentum into the European and US trading sessions. Key factors driving EUR/USD today: Weakening USD amid lower US Treasury yields. Political risk: President Trump’s fiscal bill, expected to widen the US deficit, weighs on sentiment. Eurozone flash PMIs show mixed performance, with German Services PMI dropping to 47.2. US PMI data surprised to the upside, with all key components above 52. Technical Overview EUR-USD-CHARTS Moving Averages Exponential MAs: MA 10: 1.1266 – Bullish MA 20: 1.1254 – Bullish MA 50: 1.1130 – Bullish Simple MAs: MA 10: 1.1225 – Bullish MA 20: 1.1272 – Bullish MA 50: 1.1147 – Bullish Indicators RSI: 56.02 – Buy Zone Stochastic Oscillator: 76.87 – Neutral Support & Resistance Resistance: R1 – 1.1529 | R2 – 1.1717 Support: S1 – 1.0922 | S2 – 1.0734 Market Sentiment: Bullish Trade Direction: Buy Trade Suggestion: Entry: 1.1262 Take Profit: 1.1384 Stop Loss: 1.1202 GBP/USD – Nears 39-Month High as Traders Eye UK Retail Sales Fundamental Overview FULL FOREX UPDATE - CAPITAL STREET FX
|
|
|
|
Dollar in Freefall: Euro, Pound, and Aussie Surge as Fed Dovish Tilt Sparks Forex Shake-Up. EUR/USD: Euro Climbs on Dollar Weakness and Policy Divergence Fundamental Overview The euro gained further traction against the US Dollar during the UK and early US trading hours, with EUR/USD approaching the 1.1350 mark. The pair is finding support from persistent USD softness linked to trade tensions and deteriorating US fiscal credibility. Traders in both the London and New York markets are now eyeing upcoming speeches from Federal Reserve and European Central Bank officials for clarity on monetary policy direction. The divergence remains a key driver: ECB recently cut its deposit rate by 25 basis points to 2.25%. Fed remains on hold but is expected to cut rates twice before year-end due to cooling inflation and slower growth. The market’s muted reaction to the US-China trade truce reflects skepticism, especially since the agreement lacks enforceable mechanisms and still retains a 20% tariff on fentanyl-linked imports. This undermines optimism and reduces confidence in the Greenback’s rebound. Technical Overview 1747821533113.png Moving Averages – Bullish Momentum Exponential MA MA 10: 1.1248 – Bullish MA 20: 1.1244 – Bullish MA 50: 1.1116 – Bullish Simple MA MA 10: 1.1213 – Bullish MA 20: 1.1279 – Bullish MA 50: 1.1130 – Bullish Indicators RSI: 57.23 – In buy zone Stochastic Oscillator: 68.04 – Neutral to bullish Support & Resistance R1: 1.1529 | R2: 1.1717 S1: 1.0922 | S2: 1.0734 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion Entry: Limit Buy at 1.1263 Take Profit: 1.1425 Stop Loss: 1.1168 GBP/USD: Sterling Soars to 3-Year High on Hotter UK Inflation Fundamental Overview FULL FOREX UPDATE - CAPITAL STREET FX
|
|
|
|
US Dollar Weakens on Inflation and Debt Worries.EUR/USD continues to build on recent gains, trading above 1.1250 in early London trading. US Dollar softness, driven by Moody’s credit downgrade, cooling inflation, and uncertainties surrounding US tariffs, is lending support to the pair. With no major US data scheduled during the New York session, market focus for American traders shifts to Fed speakers and the potential for more dovish commentary. Meanwhile, UK-based traders await Wednesday’s UK CPI release, which could influence EUR/GBP sentiment and cross-hedging activity. Key Technical Overview EURUSD_2025-05-19_12-11-10 (1).png Moving Averages Exponential MA 10: 1.1230 | Positive Crossover | Bullish MA 20: 1.1235 | Positive Crossover | Bullish MA 50: 1.1107 | Positive Crossover | Bullish Simple MA 10: 1.1211 | Positive Crossover | Bullish MA 20: 1.1279 | Negative Crossover | Bearish MA 50: 1.1121 | Positive Crossover | Bullish RSI: 54.28 | Buy Zone | Bullish Stochastic: 49.14 | Buy Zone | Neutral Resistance: R1: 1.1529 | R2: 1.1717 Support: S1: 1.0922 | S2: 1.0734 Limit Buy: 1.1189 | Take Profit: 1.1375 | Stop Loss: 1.1081 FULL FOREX UPDATE - CAPITAL STREET FX
|
|
|
|
US Dollar Weakens After Moody’s Downgrade; EUR/USD, GBP/USD, and AUD/USD Rise as Rate Cut Bets Grow.
Currency markets opened the week with a mix of caution and volatility. The US Dollar weakened significantly following Moody’s downgrade of the US sovereign credit rating. Diverging central bank outlooks, geopolitical headlines, and fresh economic data from the US and UK are reshaping trader sentiment in pairs such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD. US and UK traders are closely monitoring these developments during overlapping trading hours for timely opportunities. KEY HIGHLIGHTS EUR/USD rebounds near 1.1200 as US Dollar weakens. GBP/USD holds gains near 1.3300 amid Dollar pressure. USD/JPY slips toward 145.00 amid safe-haven Yen demand. AUD/USD steady above 0.6400 after mixed China data. EUR/USD Euro Gains Momentum Toward 1.1200 as Dollar Falters on Moody’s Downgrade The EUR/USD pair climbed during early Monday trading, touching 1.1190 as the US Dollar lost ground across both London and New York sessions. The downgrade of the US credit rating by Moody’s—from Aaa to Aa1—has shaken investor confidence, citing spiraling federal debt, rising interest costs, and expanding deficits. While this mirrors earlier downgrades by Fitch and S&P, it has re-ignited questions among US-based traders about fiscal sustainability and future Fed policy. Traders in the UK are also reassessing the ECB’s potential next move, as signs point toward another rate cut—especially with Eurozone inflation gradually aligning with the ECB’s 2% target. Geopolitically, both US and UK investors are eyeing US-China trade negotiations and early optimism over talks with Iran and Russia. The latter could reduce global risk premiums, especially relevant to UK institutional portfolios. Technical Overview 1747648819925.png Exponential Moving Averages (EMA): MA 10: 1.1214 | Bearish MA 20: 1.1227 | Bearish MA 50: 1.1099 | Bullish Simple Moving Averages (SMA): MA 10: 1.1217 | Bearish MA 20: 1.1282 | Bearish MA 50: 1.1113 | Bullish Indicators: RSI: 50.18 | Bullish Stochastic: 35.00 | Neutral Support/Resistance: Resistance: 1.1529 / 1.1717 Support: 1.0922 / 1.0734 / Trade Suggestion: Limit Buy: 1.1159 Take Profit: 1.1267 Stop Loss: 1.1108 GBP/USD Sterling Holds Strong Near 1.3300 as US Sentiment Weakens What Happens in the market - FOREX MARKET
|
|
|
|
Forex Market Reacts to US Tariffs: EUR/USD Rises, USD/JPY Falls Ahead of NFP Report.Major currency pairs remain volatile on Friday as global markets react to sweeping trade tariffs announced by U.S. President Donald Trump. Mounting fears of a global economic slowdown, shifting central bank expectations, and anticipation of the U.S. Nonfarm Payrolls report are driving sharp movements across the EUR, GBP, JPY, and AUD. KEY HIGHLIGHTS EUR/USD Rises as US Dollar Weakens Before Key Data. GBP/USD Holds Strong Amid US Tariff Shock and Uncertainty. USD/JPY Drops as Investors Seek Safe-Haven Amid Tariff Risks. AUD/USD Declines on Trade War Concerns and RBA Rate Bets. Markets in Focus Today EUR/USD: Euro Climbs Past 1.1050 Ahead of U.S. Nonfarm Payrolls The EUR/USD pair extends its gains for a third consecutive session, trading around 1.1080 during early European hours on Friday. This upward momentum is driven by broad-based weakness in the U.S. Dollar. Key data releases, including German Factory Orders and the U.S. Nonfarm Payrolls report, remain in focus. Market Drivers President Trump announced sweeping global tariffs, including: 10% base duty on imports from most U.S. trading partners. 20% tariff on European Union (EU) goods. Additional higher tariffs on imports from other major trade allies. These measures, set to take effect on April 9, have raised concerns over a global economic slowdown. The market is pricing in an 80% probability of a 25 basis points rate cut by the European Central Bank (ECB) in April. Technical Overview EURUSD_2025-04-04_13-39-42.png Moving Averages: Exponential: MA 10: 1.0882 | Positive Crossover | Bullish MA 20: 1.0825 | Positive Crossover | Bullish MA 50: 1.0693 | Positive Crossover | Bullish Simple: MA 10: 1.0844 | Positive Crossover | Bullish MA 20: 1.0861 | Positive Crossover | Bullish MA 50: 1.0624 | Positive Crossover | Bullish Indicators: RSI: 66.72 | Buy Zone | Bullish Stochastic Oscillator: 61.33 | Buy Zone | Neutral Key Levels: Resistance: R1: 1.0938, R2: 1.1074 Support: S1: 1.0495, S2: 1.0358 Market Sentiment: Bullish Trade Suggestion: Limit Buy: 1.0859 Take Profit: 1.1070 Stop Loss: 1.0734 GBP/USD: Pound Sterling Holds Firm Amid U.S. Economic Pressures Visit US Capital Street FX
|
|
|
|
EUR/USD Rises on Weak US Data, GBP/USD Struggles After Softer UK Inflation. The global currency markets are experiencing heightened volatility, with major forex pairs reacting to key economic data and policy shifts. The EUR/USD strengthens as weak U.S. consumer confidence weighs on the dollar, while GBP/USD remains under pressure following softer UK inflation data. Meanwhile, AUD/USD benefits from record-breaking copper prices, and USD/CHF stabilizes as the U.S. dollar gains strength amid market caution and hawkish Fed sentiment. KEY HIGHLIGHTS EUR/USD Gains as US Consumer Confidence Hits Low. GBP/USD Weakens After Softer UK Inflation Data Release. AUD Gains Amid Copper Price Surge to Record Highs. USD/CHF Steady as Market Caution Boosts US Dollar. Markets in Focus Today EUR/USD: Gains Momentum Amid Weak U.S. Consumer Confidence EUR/USD advances above 1.0750 as disappointing U.S. economic data and uncertainty over Donald Trump’s trade policies weigh on the dollar. Investors await the U.S. Durable Goods Orders report for February, which could provide further direction. Key Market Insights: U.S. Consumer Confidence: Plunged to its lowest level in over four years, indicating growing household concerns. Trump’s Trade Policies: Uncertainty over reciprocal tariffs may further pressure the Greenback. ECB Outlook: Dovish rhetoric from ECB officials suggests room for rate cuts, potentially capping the Euro’s gains. Technical Overview EURUSD_2025-03-26_12-32-08.png Moving Averages (Exponential & Simple): Mixed signals, with short-term bearish pressure but long-term bullish outlook. RSI: 56.49 (Bullish) Stochastic Oscillator: 24.83 (Neutral) Resistance Levels: R1: 1.0493, R2: 1.0568 Support Levels: S1: 1.0249, S2: 1.0174 Trade Suggestion: Limit Buy at 1.0717 | Take Profit: 1.0887 | Stop Loss: 1.0629 GBP/USD: Under Pressure Following Soft UK Inflation Data Daily Expert Market Analysis |
|
|
|
EUR/USD Holds Below 1.0950 as Trade War Escalates; GBP/USD and USD/CAD React to Key Economic Data. 18-3- 2025 The foreign exchange market remains under pressure as geopolitical tensions, trade disputes, and central bank decisions shape sentiment. The US Dollar’s performance is mixed, with concerns over economic growth and upcoming Federal Reserve policy decisions driving market movements. Meanwhile, the Euro, Pound, and Canadian Dollar face key domestic catalysts that could influence near-term trends. KEY HIGHLIGHTS EUR/USD Stays Below 1.0950 Amid Trade War Concerns. GBP/USD Dips Below 1.3000 Despite Limited Downside Pressure. USD/CAD Trades Near 1.4300 Before Canadian CPI Release. USD/CHF Remains Flat Around 0.8800 Awaiting Fed Decision. EUR/USD Analysis Market Overview EUR/USD remains below 1.0950, with optimism surrounding a potential German fiscal agreement potentially helping to curb further losses. During the early Asian session on Tuesday, the pair trades around 1.0915, experiencing modest losses due to escalating trade tensions. US President Donald Trump’s decision to impose additional tariffs on European Union goods, including a proposed 200% levy on European wine and spirits, has heightened tensions. In response, the EU has outlined plans for retaliation, which could pressure the Euro further. However, losses may be cushioned by a weaker US Dollar amid concerns over a potential economic slowdown in the United States. Additionally, optimism around Germany’s fiscal policy developments might limit losses for the Euro, with expectations that the proposed €500 billion infrastructure fund and debt restructuring agreement will gain approval. Technical Overview EURUSD_2025-03-18_10-48-05.png Moving Averages Exponential: MA 10: 1.0825 | Bullish MA 20: 1.0716 | Bullish MA 50: 1.0583 | Bullish Simple: MA 10: 1.0859 | Bullish MA 20: 1.0665 | Bullish MA 50: 1.0491 | Bullish Indicators RSI: 70.78 | Buy Zone Stochastic Oscillator: 92.23 | Neutral Resistance & Support Levels R1: 1.0493 | R2: 1.0568 S1: 1.0249 | S2: 1.0174 Trade Suggestion: Limit Buy: 1.0721 | Take Profit: 1.0950 | Stop Loss: 1.0596 GBP/USD Analysis READ FULL REPORT HERE - CAPITAL STREET FX |
|
|
|
KEY HIGHLIGHTS Bitcoin Hits Record High Amid Volatile Trading Ripple Maintains Momentum Despite Weekend Resistance Levels Ethereum Faces Rejection, Struggles Near Key Resistance Cardano Declines Below Support Amid Bearish Sentiment INTRODUCTION The cryptocurrency market saw substantial movement on Monday as Bitcoin reached an all-time high amid volatile trading, while Ripple extended its rally. In contrast, Ethereum and Cardano faced declines, highlighting the mixed performance of major cryptocurrencies. Traders navigated these changes amidst speculative trends and shifting regulatory expectations. Markets in Focus Today: Bitcoin Hits Record High Bitcoin Surges Amid Market Volatility Bitcoin rebounded from early losses on Monday, skyrocketing to a new record high of $109,118. The rally was driven by optimism about potential crypto-friendly regulations under President-elect Donald Trump, who is set to be inaugurated later in the day. Adding fuel to the excitement was the launch of Trump’s memecoin, $TRUMP, which quickly became one of the most valuable tokens despite experiencing high volatility. Despite Bitcoin’s gains, the broader market remained cautious about altcoins, especially as speculative fervor around memecoins persisted. Technical Overview for Bitcoin Moving Averages (MA): Exponential: MA 10: 101,153.39 (Bullish) MA 20: 99,245.47 (Bullish) MA 50: 96,247.22 (Bullish) Simple: MA 10: 99,687.40 (Bullish) MA 20: 98,211.67 (Bullish) MA 50: 98,241.96 (Bullish) RSI: 67.77 (Bullish) Stochastic Oscillator: 83.55 (Neutral) Key Levels: Resistance: R1: 104,106.57 | R2: 108,107.16 Support: S1: 91,155.49 | S2: 87,154.89 Trade Suggestion: Limit Buy: 103,066 Take Profit: 109,447 Stop Loss: 99,477 Ripple (XRP): Sustaining Upward Momentum. Ripple continued its rally, building on last week’s breakout above a symmetrical triangle pattern. The price reached $3.30 after a sharp rise of 30.48% on Friday but faced resistance at this level, which led to a 10.14% correction over the weekend. If bullish momentum persists, Ripple could target its pattern projection of $3.63. Technical Overview for Ripple Moving Averages (MA): Exponential: MA 10: 2.97 (Bullish) MA 20: 2.75 (Bullish) MA 50: 2.36 (Bullish) Simple: MA 10: 2.94 (Bullish) MA 20: 2.65 (Bullish) MA 50: 2.46 (Bullish) RSI: 68.54 (Bullish) Stochastic Oscillator: 81.03 (Neutral) Key Levels: Resistance: R1: 2.68 | R2: 2.93 Support: S1: 1.87 | S2: 1.62 Trade Suggestion: Limit Buy: 3.05 Take Profit: 3.40 Stop Loss: 2.87 Ethereum (ETH): Facing Resistance Read Full Report - Capital Street FX |
|
|
|
EUR/USD Tests Two-Year Lows, GBP/USD Rebounds.KEY HIGHLIGHTS EUR/USD tests two-year lows, struggles to regain momentum. GBP/USD rebounds above 1.2200 despite stagflation concerns. USD/CHF retreats toward 0.9150 ahead of US PPI data. NZD/USD finds support near 0.5600, rebounds cautiously. INTRODUCTION Global currency markets remain highly volatile as economic data releases and geopolitical developments influence key forex pairs. Both EUR/USD and GBP/USD are in focus, with EUR/USD testing two-year lows and GBP/USD showing signs of recovery. Below, we delve into the critical factors impacting these pairs and provide technical insights. EUR/USD Struggles at Two-Year Lows EUR/USD extended its bearish trajectory on Monday, hitting the 1.0200 level for the first time since late 2022. Despite a modest recovery attempt, the pair remains under pressure as the European Central Bank (ECB) continues its rate-cutting stance. This widens the Euro’s interest rate disadvantage relative to the US Dollar, especially as the Federal Reserve maintains a hawkish monetary policy. This week's key economic data from Europe, including final inflation figures for the Eurozone and Germany, are expected to align with preliminary estimates, offering little support to the Euro. Meanwhile, the US is set to release critical economic reports, including the Producer Price Index (PPI) and Consumer Price Index (CPI), which could reinforce USD strength. Technical Overview EURUSD_2025-01-14_10-25-51.png Moving Averages (Exponential): MA 10: 1.0300 | Negative Crossover | Bearish MA 20: 1.0349 | Negative Crossover | Bearish MA 50: 1.0481 | Negative Crossover | Bearish RSI (Relative Strength Index): 34.90 | Sell Zone | Bearish Stochastic Oscillator: 20.12 | Sell Zone | Neutral Support Levels: S1: 1.0333 | S2: 1.0265 Resistance Levels: R1: 1.0551 | R2: 1.0619 Trade Suggestion: Limit Sell: 1.0302 Take Profit: 1.0179 Stop Loss: 1.0407 GBP/USD Rebounds Above 1.2200 GBP/USD broke its five-day losing streak on Tuesday, recovering from Monday’s 15-month low of 1.2099. The pair climbed above 1.2200, supported by improved investor sentiment following reports of a phased approach to US tariff hikes under consideration by President-elect Donald Trump’s economic team. This tempered inflation concerns while boosting the Pound. Despite the rebound, concerns over the UK’s economic health persist. Stagflation risks, rising UK government bond yields, and fiscal worries continue to weigh on the GBP. Rising Treasury yields reflect the Federal Reserve’s hawkish stance on the US front, further strengthening the USD. Technical Overview Visit For Read Full Report - Capital Street FX
|
|
|
|
AUD/USD Bearish and USD/CHF Bullish: Forex Market Update.KEY HIGHLIGHTS EUR/USD edges toward 1.0350 amid economic data anticipation. GBP/USD defensive below 1.2500 awaiting FOMC Minutes. AUD/USD bearish despite inflation data, FOMC Minutes awaited. USD/CHF bullish near 0.9100 ahead of key releases. INTRODUCTION Global currency markets are navigating mixed signals, with the Australian Dollar (AUD) under pressure while the US Dollar (USD) shows resilience, particularly against the Swiss Franc (CHF). This report delves into the latest developments, focusing on AUD/USD’s bearish momentum and USD/CHF’s bullish outlook. Additional insights into EUR/USD and GBP/USD are also covered for comprehensive analysis. AUD/USD: Bearish Momentum Amid Inflation and Policy Concerns. The Australian Dollar struggles for the second consecutive session against the US Dollar, with the AUD/USD pair trading lower despite stronger-than-expected monthly inflation data. Weak economic indicators and a cautious Reserve Bank of Australia (RBA) weigh heavily on the pair. Key Drivers: Inflation Trends: Australia’s trimmed mean inflation declined to 3.2% annually, nearing the RBA’s target range of 2-3%, dampening expectations of aggressive monetary tightening. Building Permits: New construction permits dropped by 3.6% in November, marking the first decline in three months and missing market expectations. China’s Economic Support: The People’s Bank of China’s (PBoC) collaborative measures to stimulate growth provide limited relief to AUD. Technical Overview: AUDUSD_2025-01-08_13-04-36.png Moving Averages: Exponential: MA 10 at 0.6228 (Bearish), MA 20 at 0.6263 (Bearish), MA 50 at 0.6380 (Bearish). Simple: MA 10 at 0.6215 (Bullish), MA 20 at 0.6249 (Bearish), MA 50 at 0.6402 (Bearish). RSI: 37.03 (Sell Zone, Neutral). Stochastic Oscillator: 40.18 (Neutral Zone). Resistance Levels: R1: 0.6428, R2: 0.6509. Support Levels: S1: 0.6166, S2: 0.6085. Trade Suggestion: Action: Limit Sell at 0.6301. Take Profit: 0.6180. Stop Loss: 0.6388. USD/CHF: Bullish Momentum Supported by US Dollar Strength Visit For Read Full Report - Capital Street FX
|
|
|
|
NZD/USD Gains and USD/CAD Recovers Amid Trump’s Tariffs.KEY HIGHLIGHTS EUR/USD Dips Amid Tariff Tensions and Economic Data. GBP/USD Climbs as Dollar Weakens, Retail Sales Surge. NZD/USD Gains Amid Tariff Policy Uncertainty and PMI. USD/CAD Recovers Amid Trump’s Tariffs and Trudeau Speculation. INTRODUCTION The forex market is experiencing notable movements as traders react to renewed uncertainty surrounding U.S. tariff policies and significant economic data releases. The NZD/USD and USD/CAD pairs are in focus, with the former gaining ground and the latter recovering amid political and economic developments. President-elect Donald Trump’s reaffirmation of his tariff plans has injected volatility into the currency markets, alongside mixed economic indicators from major global economies. NZD/USD Records Gains Amid Tariff Uncertainty The NZD/USD pair is trading near 0.5640, recording modest gains during Tuesday’s Asian session. A weaker U.S. dollar (USD) and robust economic data from China support the New Zealand dollar (NZD). Market Drivers: U.S. Tariff Plans: Reports from the Washington Post suggest that Trump’s tariff strategy might narrow to focus on critical goods and services, adding uncertainty to the market. Chinese Economic Data: The Caixin PMI showed a seven-month high in China’s services activity for December, signaling economic resilience. This has positive implications for the NZD, given New Zealand’s strong trade ties with China. Federal Reserve Commentary: Hawkish remarks from Fed Governor Lisa Cook emphasized caution in further rate cuts, citing persistent inflation pressures. These comments could provide temporary support for the USD. Technical Analysis: NZDUSD_2025-01-07_10-33-32.png Moving Averages: Exponential MA 10: 0.5635 (Bullish) Simple MA 10: 0.5623 (Bullish) Indicators: RSI: 42.41 (Neutral) Stochastic Oscillator: 38.95 (Neutral) Support and Resistance Levels: R1: 0.5829 | R2: 0.5908 S1: 0.5573 | S2: 0.5494 Trade Suggestion: Limit Sell: 0.5750 Take Profit: 0.5608 Stop Loss: 0.5854 USD/CAD Recovers Ground Amid Trump and Trudeau Developments The USD/CAD pair has regained momentum, trading near 1.4345 during the early Asian session. The pair’s recovery follows President-elect Trump’s strong stance on maintaining broad tariff policies, alongside political uncertainty in Canada. Market Drivers: U.S. Tariff Policy: Trump dismissed reports that his tariff plans would focus on a limited range of imports, keeping markets alert for more assertive trade measures. Canadian Political Uncertainty: Speculation surrounding Prime Minister Justin Trudeau’s potential resignation adds another layer of volatility. Reports suggest an announcement may come ahead of an emergency Liberal Party meeting. Federal Reserve Insights: Hawkish commentary from Fed officials continues to influence the Greenback’s performance. Technical Analysis: USDCAD_2025-01-07_10-34-49.png Moving Averages: Exponential MA 20: 1.4318 (Bullish) Simple MA 50: 1.4134 (Bullish) Indicators: RSI: 54.41 (Neutral) Stochastic Oscillator: 45.78 (Neutral) Support and Resistance Levels: R1: 1.4461 | R2: 1.4574 S1: 1.4097 | S2: 1.3984 Trade Suggestion: Limit Buy: 1.4272 Take Profit: 1.4382 Stop Loss: 1.4223 EUR/USD Under Pressure Amid Tariff Threats READ MORE - CAPITAL STREET FX
|
|
|
|
EUR/USD Recovers Slightly Amid Hawkish Fed Sentiments - 04/01/2025KEY HIGHLIGHTS USD/CHF Tests Key Support Amid Bearish Market Pressure. EUR/USD Recovers Slightly Despite Persistent Bearish Trends. USD/CAD Weakens, Extends Decline Against US Dollar. CHF/JPY Outlook Shifts Amid Reduced Volatility Premium. INTRODUCTION The EUR/USD currency pair has experienced a slight recovery, paring its weekly losses as U.S. equities performed strongly. A significant factor in the currency’s movements was the remarks by Federal Reserve officials emphasizing a restrictive monetary policy stance. Richmond Fed President Thomas Barkin expressed optimism for the U.S. economy in 2025, with upside growth potential outweighing downside risks. These sentiments contributed to increased investor confidence in the greenback. The euro, however, managed to bounce back after touching a 26-month low, supported by short-covering. This recovery came amid positive developments in China’s monetary policy, where the People’s Bank of China hinted at future rate cuts and reserve requirement adjustments to stabilize economic conditions. These measures bolstered broader market sentiment, indirectly benefiting the euro. EUR/USD Technical Analysis: EURUSD_2025-01-04_16-25-42.png Moving Averages: Exponential: MA 10: 1.0364 | Negative Crossover | Bearish MA 20: 1.0412 | Negative Crossover | Bearish MA 50: 1.0542 | Negative Crossover | Bearish Simple: MA 10: 1.0374 | Negative Crossover | Bearish MA 20: 1.0421 | Negative Crossover | Bearish MA 50: 1.0551 | Negative Crossover | Bearish Indicators: RSI: 34.63 | Neutral Zone | Neutral Stochastic Oscillator: 15.02 | Buy Zone | Bullish Resistance and Support Levels: R1: 1.0551 | R2: 1.0619 S1: 1.0333 | S2: 1.0265 Overall Sentiment: Bearish Market Direction: Sell Trade Suggestion: Limit Buy at 1.0308 | Take Profit: 1.0265 | Stop Loss: 1.0709 USD/CAD Weakens Amid Broader Market Headwinds The Canadian dollar extended its decline against the U.S. dollar, marking a sixth consecutive weekly loss. The loonie struggled amid multiple economic challenges, including weak Chinese economic performance, falling commodity prices, and a more hawkish Federal Reserve outlook. The USDCAD pair edged closer to a five-year high of 1.4467, reflecting a persistently strong U.S. dollar and subdued demand for the commodity-linked Canadian dollar. China’s announcement of potential monetary policy easing failed to lift commodity-linked currencies significantly, as broader concerns about global growth and weak oil prices weighed heavily on the loonie. USD/CAD Technical Analysis: USDCAD_2025-01-04_16-31-40.png Moving Averages: Exponential: MA 10: 1.4381 | Positive Crossover | Bullish MA 20: 1.4317 | Positive Crossover | Bullish MA 50: 1.4144 | Positive Crossover | Bullish Simple: MA 10: 1.4386 | Positive Crossover | Bullish MA 20: 1.4328 | Positive Crossover | Bullish MA 50: 1.4117 | Positive Crossover | Bullish Indicators: RSI: 70.65 | Neutral Zone | Neutral Stochastic Oscillator: 77.05 | Neutral Zone | Neutral Resistance and Support Levels: R1: 1.4461 | R2: 1.4574 S1: 1.4097 | S2: 1.3984 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Limit Buy at 1.4444 | Take Profit: 1.4574 | Stop Loss: 1.3826 USD/CHF Tests Swing Area Support Amid Hawkish Trends READ MORE - VISIT CAPITAL STREET FX
|
|
|
|
EUR/USD Consolidates and GBP/USD Subdued - 23/12/2024 KEY HIGHLIGHTS EUR/USD Consolidates Amid Light Volumes, Focus on Fed. GBP/USD Subdued as Market Awaits Key Economic Data. USD/JPY Bullish Tone Supported by Fed’s Hawkish Stance. AUD/USD Declines, Focus Shifts to RBA Minutes. INTRODUCTION Currency markets kicked off the week cautiously, with major pairs such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD consolidating amid subdued trading volumes. Investors are focusing on central bank policies, economic data, and geopolitical developments to shape near-term price movements. EUR/USD: Consolidation Amid a Holiday-Shortened Week The EUR/USD pair remains steady, trading near 1.0440 during Monday’s European session. This consolidation comes as markets prepare for a holiday-shortened week, with Christmas Eve and Boxing Day affecting trading schedules on Wednesday and Thursday. Key Factors Influencing EUR/USD US Dollar Stabilization: After a steep decline on Friday due to weaker-than-expected US Personal Consumption Expenditure (PCE) Price Index data, the US Dollar (USD) has stabilized. Core PCE inflation, the Federal Reserve’s preferred metric, rose by 2.8% year-over-year, slightly below the 2.9% forecast. This has raised uncertainties about the Fed’s potential rate-cut cycle in 2025. Economic Calendar: Monday’s schedule is light, with investors turning their attention to Tuesday’s release of US Durable Goods Orders for November, expected to show a 0.4% decline after a 0.3% rise in October. Technical Overview EURUSD_2024-12-23_14-08-13.png Moving Averages: Exponential: MA10 (1.0446), MA20 (1.0491), MA50 (1.0619) – All indicating bearish momentum. Simple: MA10 (1.0454), MA20 (1.0496), MA50 (1.0633) – Negative crossover confirming bearish trends. Indicators: RSI: 38.87 (Sell Zone) Stochastic Oscillator: 19.35 (Neutral) Key Levels: Resistance: R1 (1.0846), R2 (1.0988) Support: S1 (1.0384), S2 (1.0242) Trade Suggestion Limit Sell: 1.0460 | Take Profit: 1.0344 | Stop Loss: 1.0548 GBP/USD: Range-Bound with Limited Upside Potential Visit Us - Capital Street FX |
|
|
|
INTRODUCTION Major currency pairs remain under pressure as the US Dollar strengthens following the Federal Reserve’s hawkish rate cut. Traders now await key economic data, including US GDP and inflation figures, alongside central bank decisions in the UK, Eurozone, and Australia, which continue to shape market sentiment. This article delves into the market movements of EUR/USD, GBP/USD, AUD/USD, and USD/CAD, providing a detailed technical overview and trade suggestions to help investors navigate the evolving forex landscape. EUR/USD Analysis Market Overview The EUR/USD pair remains under pressure, trading below the 1.0400 level, weighed down by the Federal Reserve’s hawkish stance on rate cuts. During Thursday’s Asian session, the pair dipped to around 1.0370 as the US Dollar strengthened. Key Drivers The Federal Reserve implemented a 25 basis point rate cut during its December meeting, reducing the benchmark lending rate to 4.25%-4.50%, the lowest in two years. Fed Chair Jerome Powell signaled a cautious approach to further rate reductions due to persistent inflation above the 2% target. In the Eurozone, expectations of aggressive ECB rate cuts through June 2025 continue to weigh on the Euro. Technical Overview Moving Averages: Negative crossovers for MA 10, MA 20, and MA 50 indicate a bearish trend. Indicators: RSI at 36.45 (sell zone); Stochastic Oscillator at 13.81 (neutral). Resistance Levels: R1: 1.0846, R2: 1.0988. Support Levels: S1: 1.0384, S2: 1.0242. Trade Suggestion Limit Sell: 1.0440 Take Profit: 1.0332 Stop Loss: 1.0516 GBP/USD Analysis Market Overview The GBP/USD pair rebounds near 1.2590 during Thursday’s Asian session, recovering from a 1% decline following the Federal Reserve’s hawkish rate cut. Anticipation of the Bank of England’s steady interest rate decision further influences market sentiment. Key Drivers UK CPI rose by 2.6% YoY in November, while Core CPI increased to 3.5%. The Bank of England is expected to maintain its current interest rates, focusing on curbing high domestic inflation. The pair remains under pressure as traders await critical US economic data, including GDP figures and jobless claims. Technical Overview Moving Averages: Negative crossovers for MA 10, MA 20, and MA 50 reinforce bearish sentiment. Indicators: RSI at 41.64 (neutral); Stochastic Oscillator at 23.65 (neutral). Resistance Levels: R1: 1.2970, R2: 1.3102. Support Levels: S1: 1.2542, S2: 1.2410. Trade Suggestion Limit Sell: 1.2624 Take Profit: 1.2485 Stop Loss: 1.2728 AUD/USD Analysis Market Overview The Australian Dollar stabilizes after trimming intraday losses during Thursday’s session. The AUD/USD pair remains under pressure due to the Federal Reserve’s hawkish stance and rising Consumer Inflation Expectations in Australia. Key Drivers The Fed’s 25 basis point rate cut bolstered the US Dollar. Australia’s Consumer Inflation Expectations rose to 4.2% in December, the highest since September. Market speculation on potential RBA rate cuts adds downward pressure on the AUD. Technical Overview Moving Averages: Negative crossovers for MA 10, MA 20, and MA 50 confirm bearish momentum. Indicators: RSI at 27.59 (sell zone); Stochastic Oscillator at 4.73 (neutral). Resistance Levels: R1: 0.6641, R2: 0.6701. Support Levels: S1: 0.6447, S2: 0.6387. Trade Suggestion Limit Sell: 0.6293 Take Profit: 0.6199 Stop Loss: 0.6366 VISIT US - CAPITAL STREET FX |
|
|
|
EUR/USD Struggles and GBP/USD Rebounds Amid Central Bank Focus. - 17/12/2024INTRODUCTIONThe currency markets are in focus as major currency pairs react to central bank policies, economic data, and geopolitical developments. Traders are particularly eyeing the Federal Reserve’s upcoming rate decision, which has broader implications for the U.S. Dollar (USD), while developments in Europe, the UK, New Zealand, and Canada add further volatility to the forex market. This article delves into key market movements, technical trends, and trade setups for EUR/USD, GBP/USD, NZD/USD, and USD/CAD. Markets in Focus: EUR/USD Struggles Below 1.0500 EUR/USD continues to face challenges in gaining momentum, struggling to stay above the critical 1.0500 level. On Monday, the pair showed modest gains but lacked conviction, edging within a narrow range. While European December PMI figures exceeded expectations, the Services PMI remained in contraction, reflecting ongoing economic concerns in Europe. The market’s primary focus remains on the Federal Reserve’s interest rate decision scheduled for Wednesday. According to the CME FedWatch Tool, markets have priced in a 99.1% probability of a 25-basis-point rate cut. Traders are keenly awaiting the Fed’s updated Summary of Economic Projections (SEP) and its dot plot for further clues on interest rate directions in 2025. In contrast, U.S. economic data painted a mixed picture. Services PMI surged to multi-year highs, while Manufacturing PMI remained below 50, signaling continued contraction. Retail Sales data, due later today, may have a limited impact as the Fed meeting takes precedence. EUR/USD Technical Overview: EURUSD_2024-12-17_13-15-30.png Moving Averages (Exponential): MA 10: 1.0514 – Negative Crossover – Bearish MA 20: 1.0543 – Negative Crossover – Bearish MA 50: 1.0659 – Negative Crossover – Bearish RSI: 42.47 – Neutral Zone Stochastic Oscillator: 33.26 – Sell Zone Resistance and Support Levels: R1: 1.0846 | R2: 1.0988 S1: 1.0384 | S2: 1.0242 Overall Sentiment: Bearish Market Direction: Sell Trade Suggestion: Limit Sell: 1.0532 | Take Profit: 1.0474 | Stop Loss: 1.0575 GBP/USD Rebounds as Traders Eye Key Central Bank Decisions Read Full Report Visit - Capital Street FX
|
|
|
|
EUR/USD Weakens and GBP/USD Slides. - 13/12/2024 INTRODUCTION Currency markets remain under pressure as major pairs navigate a challenging environment driven by monetary policy shifts, geopolitical risks, and economic data releases. The US Dollar (USD) continues to strengthen, exerting downward pressure on the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and Australian Dollar (AUD). Market focus now shifts to upcoming Federal Reserve and central bank meetings, which are expected to set the tone for the currency markets in the weeks ahead. EUR/USD Remains Fragile Near 1.0460 The EUR/USD pair faces persistent bearish momentum, trading near a three-week low of 1.0455 during Friday’s Asian session. The pair’s decline is fueled by a dovish European Central Bank (ECB) stance and weak Eurozone economic performance. On Thursday, the ECB implemented its fourth rate cut this year, signaling potential further easing in 2025. In contrast, expectations of a less dovish Federal Reserve (Fed) have supported the US Dollar. Rising US Treasury bond yields, which reached a new monthly high on Thursday, add to the USD’s strength. Geopolitical risks, including the Russia-Ukraine conflict and tensions in the Middle East, further bolster the greenback’s safe-haven appeal. Key Factors Driving EUR/USD: ECB Policy Divergence: ECB’s dovish outlook weighs on the Euro. US Treasury Yields: Higher yields sustain USD momentum. Geopolitical Risks: Safe-haven demand for USD pressures EUR. Technical Analysis of EUR/USD: EURUSD_2024-12-13_12-04-46.png Moving Averages: Exponential: MA10: 1.0510 | Bearish Simple: MA10: 1.0516 | Bearish RSI: 37.18 | Sell Zone Stochastic Oscillator: 30.42 | Neutral Resistance Levels: R1: 1.0846 | R2: 1.0988 Support Levels: S1: 1.0384 | S2: 1.0242 Trade Suggestion: Sell Limit: 1.0529 Take Profit: 1.0401 Stop Loss: 1.0625 GBP/USD Slides as Traders Await UK GDP Data For More Visit Capital Street FX |
|
|
|
Daily FX Analysis - Forex trends, insights, trades. Introduction EUR/USD maintains a flat trajectory above 1.0800 amid geopolitical tensions, with the US Dollar finding safe-haven demand. Investor confidence wanes due to China’s tensions with Taiwan. Lagarde’s speech and US data are eagerly awaited. Meanwhile, GBP/USD defends 1.2650 in a risk-off market, eyeing the BoE Chief Economist’s speech. Australian Dollar stabilizes after S&P/ASX 200 losses, while USD faces resistance as US Treasury yields decline. Japanese Yen struggles against the USD, hindered by reduced BoJ policy shift bets and hawkish Fed expectations. Markets In Focus Today – EUR/USD EUR/USD Trades Flatlined Above 1.0800 Ahead Of Lagarde. EUR/USD trades in a tight range above 1.0800 early Monday. The US Dollar attracts fresh haven demand amid geopolitical tensions-led risk-averse markets—China’s spate with Taiwan and the US sap investors’ confidence. Lagarde’s speech and US data are next in focus. Despite Friday’s indecisive action, EUR/USD closed the previous week in positive territory. The pair continues to inch higher early Monday and the technical outlook suggests that the bullish bias remains intact. The US Dollar (USD) struggles to find demand in the European morning as US Treasury bond yields stretch lower. Technical Overview With Chart : 24-02-25_23-57-00_EURUSD-1024x342.png Moving Averages : Exponential : MA 10 : 1.0803 | Positive Crossover | Bullish MA 20 : 1.0807 | Positive Crossover | Bullish MA 50 : 1.0833 | Negative Crossover | Bearish Simple : MA 10 : 1.0786 | Positive Crossover | Bullish MA 20 : 1.0788 | Positive Crossover | Bullish MA 50 : 1.0883 | Negative Crossover | Bearish RSI (Relative Strength Index): 52.9390 | Buy Zone | Bullish Stochastic Oscillator : 67.0286 | Buy Zone | Neutral Resistance And Support Levels : R1 : 1.0982 R2 : 1.1041 S1 : 1.0790 S2 : 1.0731 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Stop Buy: 1.0836 | Take Profit: 1.0896 | Stop Loss: 1.0799 GBP/USD GBP/USD Defends 1.2650 Amid Risk-Off Mood, USD Rebound. Read Full Report - CAPITAL STREET FX |
|
|
|
Daily Free Fundamental And Technical Analysis By Capital Street FX.Introduction GBP/USD remains steady above 1.2600, propelled by favorable UK labor market data, including a drop in the ILO Unemployment Rate to 3.8%. While the market maintains an optimistic stance, attention shifts to the US inflation report, anticipating potential impacts on the Federal Reserve’s decisions. Meanwhile, EUR/USD faces a bearish outlook, hovering below key levels, with a focus on US CPI data. USD/CAD breaks a five-day decline on market caution ahead of US inflation data, and NZD/USD declines on lower Kiwi Inflation Expectations in Q1. Markets In Focus Today – GBP/USD GBP/USD Holds Comfortably Above 1.2600 After UK Labor Market Data. GBP/USD edges higher toward 1.2650 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 3.8% in December, while the annual wage inflation softened to 6.2% from 6.7%. An upbeat market mood is sponsoring a leg-up on the major, though it remains within familiar levels. Market participants are eyeing an inflation report in the United States (US) which is expected to fuel speculations for rate cuts by the US Federal Reserve (Fed). Regarding monetary policy, the BoE is expected to slash rates by 80 basis points through 2024, less than the 110 bps at the beginning of the last week. Technical Overview With Chart : 24-02-13_00-25-21_GBPUSD-1024x342.png Moving Averages : Exponential : MA 10 : 1.2638 | Positive Crossover | Bullish MA 20 : 1.2655 | Negative Crossover | Bearish MA 50 : 1.2638 | Positive Crossover | Bullish Simple : MA 10 : 1.2633 | Positive Crossover | Bullish MA 20 : 1.2667 | Negative Crossover | Bearish MA 50 : 1.2674 | Negative Crossover | Bearish RSI (Relative Strength Index): 48.2925 | Buy Zone | Bullish Stochastic Oscillator : 44.3336 | Neutral Zone | Positive Resistance And Support Levels : R1 : 1.2763 R2 : 1.2807 S1 : 1.2618 S2 : 1.2574 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Stop Buy: 1.2648 | Take Profit: 1.2719 | Stop Loss: 1.2605 EUR/USD Read Full Report - CAPITAL STREET FX
|
|
|
|
|
Show Posts
