About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
U.S. dollar slips as traders increasingly price in a dovish Fed outlook amid easing inflation and slowing growth. This shift fuels gains for EUR/USD and GBP/USD while USD/CAD and USD/JPY face renewed pressure. Key technical levels suggest further upside for euro and sterling versus the greenback in the near term.
GBP/USD breaks key resistance near 1.2700 as US dollar weakness continues amid softer economic data and shifting Fed expectations. Traders should watch for sustained momentum above this level, with next resistance around 1.2780–1.2830. Monitor UK fundamentals and Fed signals for clues on the pair’s next move.
USD/JPY is facing renewed downward pressure, trading below key moving averages as yen demand strengthens and the US dollar softens. Technical indicators suggest further downside risk toward 146.70, while fundamentals point to subdued US inflation and possible BOJ policy shifts. Traders should monitor support levels closely for signs of continuation or reversal. Analysis by economies.com.
USD/JPY is under increased negative pressure as it breaks key support levels amid shifting US Fed policy and subtle Bank of Japan signals. Technical indicators show bearish momentum with a descending channel in play. Slowing US inflation and cautious Fed stance weigh on the dollar, while BOJ’s nuanced tone supports yen strength. Traders should watch 146.25 for the next critical support. For a detailed outlook and scenarios, see the full analysis by Economies.com Analysis Team.
USD/JPY remains under downward pressure due to dovish US Fed signals, resilient Japanese economic data, and ongoing geopolitical risks boosting yen demand. Technicals confirm a bearish trend with key supports at 146.80 and 146.00 under test. Watch resistance near 148.00 for any reversal signs. Traders should monitor interest rate spreads and inflation dynamics for future direction. All credit to economies.com for the original analysis.
USD/JPY is experiencing renewed negative pressure amid technical weaknesses and cautious central bank signals. Key support at 146.50 is under threat as momentum indicators remain bearish. Watch for potential deeper correction or reversal based on upcoming US and Japan economic data. Analysis by economies.com highlights critical levels and market sentiment shaping the near-term outlook.
GBP/USD faces a tough battle near key resistance around 1.2800 as the pound struggles to break out. Meanwhile, the US dollar is weighed down by looming Federal Reserve decisions that could shift market direction significantly. Traders should watch Fed signals closely for the next move.
GBP/USD struggles to break strong resistance around 1.2550–1.2600 as the Pound faces mixed UK economic signals and a cautious BoE stance. Meanwhile, looming Federal Reserve decisions on inflation and rates pose significant risks, keeping the Dollar supported. Market eyes remain fixed on upcoming data and central bank cues for direction. #forex #GBPUSD
GBP/USD fought hard for gains this week, ultimately creeping higher as it held above key support levels. With the pair closing above its 20 and 50-day EMAs and technical indicators signaling bullish momentum, the outlook suggests potential for further advances—watch the 1.2900 resistance and 1.3000 as a major breakout level. #Forex #GBPUSD #CurrencyMarkets
USD/MYR settled at a three-week low, closing the week at 4.6700 amid a 0.6% weekly loss. The ringgit gained strength on improved regional risk appetite, easing US inflation pressures, resilient Malaysian fundamentals, and renewed foreign investment, while the US dollar faced profit-taking and cautious Fed signals.
