Currency News

EUR/USD pushes against 1.09 resistance, with technical and economic factors favoring short-term gains, though long-term risks remain.

The US Dollar edges lower at the start of the week with all eyes on the Trump-Putin meeting on Tuesday.

The PBOC set the dollar's reference rate at CNY7.1688. It is the biggest change in the fix this year and the lowest reference rate for dollar since shortly after the US election last November.

USD/JPY holds steady ahead of the Fed and BoJ decisions this week. Oil rises on China's optimism.

On Sunday, China’s State Council launched a special action plan to boost domestic consumption, including raising household incomes and setting up a childcare subsidy scheme.

The Elliott wave structure of the Dollar Index shows that prices are still in wave four, which could retest higher resistance levels around 104.30 to 104.80 before the downtrend resumes.

Asian markets rallied as reports revealed that Chinese consumer spending grew faster than expected at the start of the year.

The analysis identifies a bearish trend phase, marked by impulsive movements rather than corrective ones.

The yen’s fortunes may reverse in the day ahead, with mid-week rate decisions out of either side of the Pacific, along with Japan’s inflation data due before the weekend.

There is a big week ahead for the Forex market, with policy meetings at four major central banks including the US Federal Reserve.

For the last 36 months, interest rates and the dollar have been remarkably stable, as has economic growth.

The USD/CHF exchange rate moved sideways on Monday morning as focus among investors shifted from the upcoming Swiss National Bank and Federal Reserve interest rates decisions.

The US Dollar Index may test its primary support at the four-month low of 103.34.

EUR/USD consolidates around 1.0880 to start the week as investors await the Fed’s monetary policy decision on Wednesday.

Risk assets are a little calmer at the start of a new week. US Treasury Secretary Scott Bessent has tried calming some nerves by calling equity corrections healthy.

The euro was once again the strongest major currency last week, while the Swiss franc was the weakest. Volatility decreased during this time, as only 11% of the most important Forex currency pairs and crosses changed in value by more than 1%.

Trump wants the Fed to cut interest rates to weaken the dollar and boost exports. But that’s not what helped him get elected.

Based on the technical analysis, we project the support and resistance on the daily time frame for GBPUSD, with where to expect the price will breakout based on the supply and demand zones.

The euro rallied once again during the course of the week, yet it now seems to be struggling at the 200-week EMA. It also seems like the 1.09 level could be offering a significant amount of resistance.

This will be an interesting week. After all, the S&P 500 is not often down for five consecutive weeks, so this might be the week the market attempts a rebound. Additionally, the relationship between Bitcoin and the dollar appears to be unraveling.

In today’s increasingly volatile market, the ability to identify, measure, and exploit mean reversion opportunities remains one of the most reliable edges available to investors. While markets often evolve, the fundamental principles rarely do.

The EUR/USD had a solid week taking into consideration its ability to go into this weekend around the 1.08750 ratio, this after going into the previous weekend around the 1.08550 vicinity.

It seems clear that there is something that has changed in the stock market recently.

The thesis holds that a multi-decade super cycle Credit Bubble - over recent years succumbing to “terminal phase excess” - has turned increasingly fragile. Q4 2024 Z.1 data from the Federal Reserve corroborate the analysis.

In today's video, you will see EURUSD price prediction based on the technical analysis. What to expect where the price will breakout for the EURUSD based on the supply and demand zones.