EUR/USD hits a five-week low as the U.S. dollar strengthens on hawkish Fed signals and robust jobs data. Rising U.S. non-farm payrolls and Fed comments suggest prolonged rate hikes, while eurozone economic weakness weighs on the euro. Originally reported by Capital Market News, Business Standard.
Source: business-standard.com/markets/capital-market-news/eur-usd-slides-to-five-week-low-125100900720_1.html
In-depth mid-day technical analysis of USD/JPY shows continued bullish momentum despite consolidation below 157.70. Key support at 154.54 remains intact, suggesting upward bias prevails. Watch for a potential breakout targeting 159.30, supported by trend structure and momentum indicators. For full details, refer to the original ActionForex report.
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The Australian Dollar is sliding as the US Dollar rebounds, driven by stronger US economic data and sticky inflation keeping Fed rate hikes in focus. Market attention now turns to the Reserve Bank of Australia Governor’s next move for clues on monetary policy and AUD’s trajectory amid ongoing global uncertainties.
GBP/USD has decisively broken below key support near 1.2350, confirming sellers have taken control. This breakdown signals potential for further downside as previous support turns into resistance. Traders should watch for retests and next support zones around 1.2300 and below. Stay alert for opportunities amid shifting momentum.
— Analysis inspired by Greg Michalowski at InvestingLive.com
AUD/USD remains steady amid rising US government shutdown risks and shifting central bank signals. A potential shutdown could soften the USD while diverging RBA and Fed policies add complexity. Traders watch technical indicators closely for near-term direction. Analysis by Kenny Fisher via MarketPulse.
US Dollar gains momentum against EUR, JPY, and AUD this Thursday fueled by Fed’s hawkish stance and contrasting global monetary policies. EUR/USD dips below 1.08 amid Eurozone growth concerns; USD/JPY nears 155 on yield-driven carry trades; AUD/USD pressured by risk sentiment shifts. Market eyes central bank cues and economic data for next direction. #Forex #USD
USD/CAD is gaining bullish momentum as it pushes above the key 1.4000 level, fueled by a stronger US dollar amid rising Treasury yields and robust economic data. Meanwhile, weaker oil prices and cautious Bank of Canada signals continue to pressure the Canadian dollar. Technical indicators suggest potential for further gains if the pair sustains above this critical resistance. For detailed analysis and forecast, see FXStreet’s coverage by Cristian Ayllón.
Australian Dollar gains momentum against the US Dollar as inflation expectations climb. Robust domestic data and signals of RBA tightening underpin AUD strength, while a softer USD and positive risk sentiment support further AUD/USD upside. Market eyes potential rate hikes ahead.
— Credit: Yohay Elam, Forex Crunch
After a strong rally, the US dollar is showing signs of a corrective pullback. Technical indicators and evolving fundamentals suggest EUR/USD and GBP/USD are positioned for a bounce, offering potential relief rallies as dollar momentum fades. Traders should watch key support zones and shifts in Fed rate expectations for clues on the near-term outlook.
