Fed Chair Powell’s measured tone signals a cautious path for monetary policy, prompting subtle shifts in FX markets. Watch key technical levels: Dollar Index near 105.10 resistance; EUR/USD range-bound between 1.0760 support and 1.0810 resistance; USD/JPY capped amid intervention concerns. Data-driven moves likely ahead. #Forex #FOMC #FXAnalysis
Euro and British pound gain ground against the US dollar in early trading as signs of easing US inflation and expectations of a Fed pause contrast with the ECB and BoE’s hawkish stance. Market eyes remain on upcoming central bank moves and economic data influencing forex volatility.
USD/JPY extended its medium-term uptrend last week, closing above key support around 155.50 and testing resistance near 157.70. Technicals point to potential gains toward 160.12 if resistance breaks, while failure to hold support may trigger short-term corrections. Market focus remains on Fed-BoJ policy divergence sustaining USD strength amid cautious momentum. Stay tuned for further developments. Full analysis by ActionForex.com.
Boston Fed’s Susan Collins warns tariff-driven inflation may be larger and more persistent than expected, complicating the Fed’s path to price stability. Persistent trade barriers could prolong inflation pressures and influence future monetary policy decisions. #FederalReserve #Inflation #Tariffs
AUD/USD staged a strong rebound last week, recovering from a 3-week low near 0.6570 as risk sentiment improved and the US dollar softened. Short-term momentum turns cautiously bullish with key resistance at 0.6690 and 0.6720. Medium and long-term trends remain mixed; a sustained break above 0.6770 is needed for a bullish outlook. Watch RSI and MACD signals for further clues. Trade carefully as uncertainty persists.
GBP/USD faces uncertainty amid mixed UK economic data and cautious central bank signals. With the USD holding firm on safe-haven demand and the Pound consolidating near key technical levels, traders await clearer cues to define the next move. Full analysis by FXStreet. #Forex #GBPUSD #FX
The CFTC has stepped up enforcement against unregistered forex firms including Funded Engineer, Fidelcrest LLC, and My Forex Funds for operating without registration and misleading investors. This action highlights increasing regulatory scrutiny over proprietary trading models that use evaluation accounts and simulated environments. Original article by PANews.
USD/JPY shows bullish momentum after finding support at 151.86, with key resistance near 154.76. While the medium-term uptrend from Jan 2023 remains intact, near-term gains may be corrective. Watch for a break above 154.76 to confirm renewed strength; downside support lies at 151.86 and 148.79. #Forex #USDJPY #MarketAnalysis
Federal Reserve’s Susan Collins warns that tariffs may have a larger and more persistent impact on inflation than previously thought, risking setbacks in price stability efforts. As geopolitical tensions rise ahead of the 2024 election, careful assessment of trade policies is crucial for the Fed’s data-driven approach.
Powell’s recent speech signals a potential peak in Fed rate hikes, prompting a dollar pullback and improved risk sentiment in FX markets. Key technical levels for DXY: support near 102.00–101.50, resistance around 104.00. Watch for data confirming Fed’s pause to gauge next major moves in USD, EUR, GBP, and JPY.
