Event to Watch Today: The key event to watch today is the release of the U.S. Gross Domestic Product (GDP) data for the fourth quarter on an annual basis. The data is scheduled to be published at 16:30 CET.
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
EURUSD: Forecast for February 1, 2024
Event: 6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
The EURUSD pair is trying to recover from recent losses but faces downward pressure due to Powell's hawkish stance on interest rates.
Support at 1.0800, a break below could lead to further decline to 1.0750.
Recommendation:
Wait for price to settle below 1.0800 and sell.
#EURUSD #Forex #Analysis #Forecast
Event: 6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
The EURUSD pair is trying to recover from recent losses but faces downward pressure due to Powell's hawkish stance on interest rates.
Support at 1.0800, a break below could lead to further decline to 1.0750.
Recommendation:
Wait for price to settle below 1.0800 and sell.
#EURUSD #Forex #Analysis #Forecast
GBPUSD: Forecast for February 1, 2024
Events:
3:00 PM GMT, GBP - Bank of England interest rate decision
5:15 PM GMT, GBP - Speech by BoE Governor Bailey
6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
GBPUSD is ranging between 1.2600 and 1.2800.
Bank of England expected to keep interest rate unchanged at 5.25%.
UK labor market showing signs of rebalancing, but economic outlook remains uncertain.
Recommendation:
Consider buying above 1.2700.
#GBPUSD #Forex #Analysis #Forecast
Events:
3:00 PM GMT, GBP - Bank of England interest rate decision
5:15 PM GMT, GBP - Speech by BoE Governor Bailey
6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
GBPUSD is ranging between 1.2600 and 1.2800.
Bank of England expected to keep interest rate unchanged at 5.25%.
UK labor market showing signs of rebalancing, but economic outlook remains uncertain.
Recommendation:
Consider buying above 1.2700.
#GBPUSD #Forex #Analysis #Forecast
USDJPY: Forecast for February 1, 2024
Event: 6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
Japanese yen (JPY) strengthening for the second day in a row.
US Federal Reserve dashed expectations for a March interest rate cut.
US dollar (USD) near 13-month high.
Recommendation:
Trade within the 146.00 - 147.70 range on bounces from support levels.
#USDJPY #Forex #Analysis #Forecast
Event: 6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
Japanese yen (JPY) strengthening for the second day in a row.
US Federal Reserve dashed expectations for a March interest rate cut.
US dollar (USD) near 13-month high.
Recommendation:
Trade within the 146.00 - 147.70 range on bounces from support levels.
#USDJPY #Forex #Analysis #Forecast
EURUSD: Sell below 1.0750
US retail sales data will be released today at 13:00 GMT.
FreshForex analysts predict that the EURUSD pair will continue to decline if the price consolidates below 1.0750.
Reasons:
Strong US services PMI data: The index rose to 53.4 in January, above expectations.
Hawkish Fed rhetoric: Jerome Powell stressed the importance of reaching the inflation target of 2%.
Weak European PPI data: Inflation in the EU is slowing down.
#EURUSD #FOREX #ANALYSIS #FRESHFOREX
US retail sales data will be released today at 13:00 GMT.
FreshForex analysts predict that the EURUSD pair will continue to decline if the price consolidates below 1.0750.
Reasons:
Strong US services PMI data: The index rose to 53.4 in January, above expectations.
Hawkish Fed rhetoric: Jerome Powell stressed the importance of reaching the inflation target of 2%.
Weak European PPI data: Inflation in the EU is slowing down.
#EURUSD #FOREX #ANALYSIS #FRESHFOREX
GBPUSD: Sell from current levels
The GBPUSD pair dropped to a multi-week low of 1.2518. Expectations of an imminent Fed rate cut are easing, which is supporting the US dollar.
Bank of England Chief Economist Huw Pill said rates could fall this year, but only if inflation continues to fall.
In the absence of major economic data from the UK and the US, risk sentiment will play a key role for GBPUSD.
#GBPUSD #FOREX #ANALYSIS #FRESHFOREX
The GBPUSD pair dropped to a multi-week low of 1.2518. Expectations of an imminent Fed rate cut are easing, which is supporting the US dollar.
Bank of England Chief Economist Huw Pill said rates could fall this year, but only if inflation continues to fall.
In the absence of major economic data from the UK and the US, risk sentiment will play a key role for GBPUSD.
#GBPUSD #FOREX #ANALYSIS #FRESHFOREX
USDJPY: Buy from current levels
The Japanese yen (JPY) is rising amid geopolitical risks and economic problems in China.
The hawkish stance of the Bank of Japan (BoJ), signaling confidence in achieving the inflation target, is supporting the JPY.
The decline in USDJPY seems to be mitigated by the bullish sentiment on USD.
Incoming macroeconomic data from the US indicates that the economy is in good shape.
#USDJPY #FOREX #ANALYSIS #FRESHFOREX
The Japanese yen (JPY) is rising amid geopolitical risks and economic problems in China.
The hawkish stance of the Bank of Japan (BoJ), signaling confidence in achieving the inflation target, is supporting the JPY.
The decline in USDJPY seems to be mitigated by the bullish sentiment on USD.
Incoming macroeconomic data from the US indicates that the economy is in good shape.
#USDJPY #FOREX #ANALYSIS #FRESHFOREX
#Finance #Forex #EURUSD #GBPUSD #USDJPY #analysis
1. EURUSD: Outlook for EUR-USD Pair Following Rebound from 2024 Lows
The EUR-USD pair rebounded from the lows of 2024, rising to the level of 1.0760. This uptrend was supported by the weakening of the US dollar and some comments from Federal Reserve officials. However, retail sales in the Eurozone declined, exerting some pressure on the euro. Trading recommendations focus on sell orders towards the price level of 1.0710.
2. GBPUSD: Analysis of Pound Sterling Dynamics Against the US Dollar
GBP to USD is trading higher amid the weakening of the US dollar and the decline in US Treasury bond yields. Markets assess the probability of rate cuts in March and May, which supports the dollar's exchange rate. However, the pound sterling is at risk of a technical recession, which could impact the Bank of England's interest rate policy. Trading recommendations predominantly assume sell orders.
3. USDJPY: Analysis of the US Dollar Dynamics Against the Japanese Yen
The Japanese yen strengthened during the Asian session, anticipating an increase in wage growth and a potential exit from the Bank of Japan's loose monetary policy. However, unfavorable macroeconomic data in Japan and concerns about geopolitical tensions may deter traders from new yen positions. Trading recommendations suggest buy orders, considering some downward pressure on the USD/JPY pair.
1. EURUSD: Outlook for EUR-USD Pair Following Rebound from 2024 Lows
The EUR-USD pair rebounded from the lows of 2024, rising to the level of 1.0760. This uptrend was supported by the weakening of the US dollar and some comments from Federal Reserve officials. However, retail sales in the Eurozone declined, exerting some pressure on the euro. Trading recommendations focus on sell orders towards the price level of 1.0710.
2. GBPUSD: Analysis of Pound Sterling Dynamics Against the US Dollar
GBP to USD is trading higher amid the weakening of the US dollar and the decline in US Treasury bond yields. Markets assess the probability of rate cuts in March and May, which supports the dollar's exchange rate. However, the pound sterling is at risk of a technical recession, which could impact the Bank of England's interest rate policy. Trading recommendations predominantly assume sell orders.
3. USDJPY: Analysis of the US Dollar Dynamics Against the Japanese Yen
The Japanese yen strengthened during the Asian session, anticipating an increase in wage growth and a potential exit from the Bank of Japan's loose monetary policy. However, unfavorable macroeconomic data in Japan and concerns about geopolitical tensions may deter traders from new yen positions. Trading recommendations suggest buy orders, considering some downward pressure on the USD/JPY pair.
Focus on Key Events on 13.02.2024
#Forex #Finance #Investments
On Tuesday, February 13, 2024, investors are paying attention to several key events in the global financial markets.
EURUSD: Negative Sentiment and Awaited US Data
Amidst the anticipation of Consumer Price Index (CPI) data from the US, the EUR/USD pair has been trading with a pessimistic tone for the second consecutive day. Markets are cautious ahead of this event, as softer US inflation data could strengthen the Fed's confidence and pressure the US dollar. Bearish sentiments persist on the four-hour chart, potentially signaling further declines. Trading recommendation: preferably open sell orders from current price levels.
#Forex #Finance #Investments
On Tuesday, February 13, 2024, investors are paying attention to several key events in the global financial markets.
EURUSD: Negative Sentiment and Awaited US Data
Amidst the anticipation of Consumer Price Index (CPI) data from the US, the EUR/USD pair has been trading with a pessimistic tone for the second consecutive day. Markets are cautious ahead of this event, as softer US inflation data could strengthen the Fed's confidence and pressure the US dollar. Bearish sentiments persist on the four-hour chart, potentially signaling further declines. Trading recommendation: preferably open sell orders from current price levels.
USDJPY: Awaiting US Inflation Data and Bank of Japan Comments
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment
EURUSD: Eyes on Lagarde Speech
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis
GBPUSD: Awaiting GDP Data
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
USDJPY: Watch Level 150.00
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
EURUSD: Cautious Optimism Ahead of PPI
EURUSD retreats after two days of gains, but cautious optimism remains. The US Dollar (USD) finds support in yields and jobless claims, but weak retail sales hold it back.
Events:
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade within a tight range of 1.0740-1.0790
#EURUSD #Forex #FundamentalAnalysis
EURUSD retreats after two days of gains, but cautious optimism remains. The US Dollar (USD) finds support in yields and jobless claims, but weak retail sales hold it back.
Events:
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade within a tight range of 1.0740-1.0790
#EURUSD #Forex #FundamentalAnalysis
GBPUSD: Pound Struggles for 1.2600
GBPUSD fails to break above 1.2600. Weak UK data (GBP) on GDP and inflation holds back gains, while the USD finds support in yields.
Events:
10:00 AM CET: GBP - Retail Sales MoM
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#GBPUSD #Forex #FundamentalAnalysis
GBPUSD fails to break above 1.2600. Weak UK data (GBP) on GDP and inflation holds back gains, while the USD finds support in yields.
Events:
10:00 AM CET: GBP - Retail Sales MoM
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#GBPUSD #Forex #FundamentalAnalysis
USDJPY: Yen Loses Ground, but Verbal Intervention Possible
USDJPY recovers above 150.00, but JPY finds support in verbal intervention from Japanese authorities. Weak US retail sales data (USD) might put pressure on USDJPY.
Events:
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#USDJPY #Forex #FundamentalAnalysis
USDJPY recovers above 150.00, but JPY finds support in verbal intervention from Japanese authorities. Weak US retail sales data (USD) might put pressure on USDJPY.
Events:
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#USDJPY #Forex #FundamentalAnalysis
USDJPY:
The USD/JPY pair is falling to the 150.00 mark.
The Japanese yen (JPY) is supported by improved data on capital goods orders.
The dollar-yen pair jumped on Friday on better-than-expected US PPI data.
The market expects minimal movement in the US dollar exchange rate.
USDJPY: Trading predominantly on Sell from current levels. #Forex
The USD/JPY pair is falling to the 150.00 mark.
The Japanese yen (JPY) is supported by improved data on capital goods orders.
The dollar-yen pair jumped on Friday on better-than-expected US PPI data.
The market expects minimal movement in the US dollar exchange rate.
USDJPY: Trading predominantly on Sell from current levels. #Forex
EURUSD: Positive sentiment persists
March 11, 2024
The EURUSD pair continues to show positive dynamics, holding around 1.0940. This is supported by a number of factors:
Strong US labor market data: Non-farm payrolls in the US increased by 275K in February, exceeding expectations.
Expectations of Fed rate cuts: Markets expect the Fed to start cutting rates as early as June, which is negative for the US dollar.
ECB's cautious approach: The ECB maintains a cautious approach to changing interest rates, which supports the euro.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#EURUSD #Forex #Analytics
March 11, 2024
The EURUSD pair continues to show positive dynamics, holding around 1.0940. This is supported by a number of factors:
Strong US labor market data: Non-farm payrolls in the US increased by 275K in February, exceeding expectations.
Expectations of Fed rate cuts: Markets expect the Fed to start cutting rates as early as June, which is negative for the US dollar.
ECB's cautious approach: The ECB maintains a cautious approach to changing interest rates, which supports the euro.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#EURUSD #Forex #Analytics
GBPUSD: Growth potential remains
March 11, 2024
The GBPUSD pair is holding around 1.2850, maintaining a positive sentiment. This is supported by:
Strong US labor market data: Strong US labor market data could lead to a narrowing of the gap between Fed and BoE policies, which supports the pound.
Expectations of Fed rate cuts: Expectations of Fed rate cuts are negative for the US dollar, which supports GBPUSD.
Positive UK budget: The UK's spring budget was met positively, which also supports the pound.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#GBPUSD #Forex #Analytics
March 11, 2024
The GBPUSD pair is holding around 1.2850, maintaining a positive sentiment. This is supported by:
Strong US labor market data: Strong US labor market data could lead to a narrowing of the gap between Fed and BoE policies, which supports the pound.
Expectations of Fed rate cuts: Expectations of Fed rate cuts are negative for the US dollar, which supports GBPUSD.
Positive UK budget: The UK's spring budget was met positively, which also supports the pound.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#GBPUSD #Forex #Analytics
USDJPY: Yen gains strength
March 11, 2024
The Japanese yen has risen to its highest level since early February against the US dollar. This is supported by:
Expectations of a change in BOJ policy: Markets expect the BOJ to abandon negative interest rates at its next meeting.
Strong Japanese wage data: Wage growth in Japan could fuel inflationary pressures, which also supports the yen.
US dollar weakness: Strong US labor market data failed to support the US dollar, which continues to decline.
Trading recommendation:
Trade with Sell orders from the current price level.
#USDJPY #Forex #Analytics
March 11, 2024
The Japanese yen has risen to its highest level since early February against the US dollar. This is supported by:
Expectations of a change in BOJ policy: Markets expect the BOJ to abandon negative interest rates at its next meeting.
Strong Japanese wage data: Wage growth in Japan could fuel inflationary pressures, which also supports the yen.
US dollar weakness: Strong US labor market data failed to support the US dollar, which continues to decline.
Trading recommendation:
Trade with Sell orders from the current price level.
#USDJPY #Forex #Analytics