Currency News

Despite the current slump, there are mounting signals that the tide may turn in 2025, when increased electric vehicle sales and production curtailments could help absorb some of the excess supply.

The euro fell to USD 1.020, the lowest level since October 2022, as investors lowered expectations of a rate cut by the European Central Bank (ECB).

USD/CHF recovers intraday losses as the outlook of the US Dollar remains firm. Investors await the US inflation data as it will influence the Fed’s interest rate outlook.

The USD/JPY pair entered a consolidation phase on Tuesday, following modest growth during the earlier two trading sessions. Today, the pair’s movements are centred around the 157.50 mark.

USD/JPY gains to near 158.00 as the safe-haven demand of the Japanese Yen has eased. Investors await the US inflation data for fresh guidance on interest rates. Fed dovish bets have lately trimmed on upbeat US labor market data for December.

The EUR/USD pair retreated sharply as the market reacted to the strong US jobs numbers.

You can see that during the trading session on Friday, the US dollar really took off against the Swiss franc as the jobs number in America came out hotter than anticipated.

The AUD/USD pair continued its downtrend and hit its lowest level since April 2020 as its sell-off gained steam.

The NZDUSD currency pair is at the early stage of a bullish cycle, with navy blue wave one unfolding within gray wave one.

The Pound Sterling (GBP) finds temporary support on Tuesday after facing a sharp sell-off in the last few trading days due to rising yields on the United Kingdom (UK) gilts.

GBP/USD breaks its five-day losing streak, rebounding from its 15-month low of 1.2099, recorded on Monday.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, January 13.

EUR/USD continued to explore the bearish side of the charts on Monday, declining into the 1.0200 handle for the first time since late 2022, etching in a fresh 26-month low before staging half-hearted recovery later in the day.

We think strong US inflation data this week should keep US rates and the dollar on the firm side.

The Dollar gained a little in a mostly sideways chop. Stocks fell sharply but managed to take back their losses into the afternoon close.

Conflicting market signals suggest we’re near a significant inflection point.

The recent steepening of the yield curve is what is known as a bear steepener where long-term rates rise faster than short term rates. That type of steepening is not associated with recession or economic slowing.

A discussion about the challenges facing markets as rising yields, a strong dollar, and weak market breadth disrupt bullish momentum.

USD/CHF gains 0.25%, bolstered by reduced expectations of Federal Reserve easing after strong December job figures.

In the last trading session of last week, the bulls’ control over the USD/JPY pair culminated in a move towards the resistance level of 158.88, the highest level for the pair in six months.

The Australian Dollar to US Dollar currency pair (AUDUSD) is currently in a counter-trend phase, as indicated by Elliott Wave Analysis on the daily chart.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close.

EUR/GBP extends its upward momentum as the Pound Sterling struggles amid mounting concerns over stagflation in the UK. The Pound Sterling faces challenges as a 30-year UK gilt yield has climbed to 5.36%, its highest level since 1998.

USD/CHF trades in positive territory for the fifth consecutive day round 0.9170 in Monday’s early European session. The stronger US December employment report supports the USD. Trump policy risks and safe-haven flows could boost the CHF.

GBP/JPY tests the lower boundary of the descending channel at 190.80 level. The 14-day RSI declines toward the 30 level, reinforcing the persistent bearish bias. The nine-day EMA at 194.52 appears as the primary resistance.