Original article by Jesse Cohen on InvestingLive highlights broad pressure on global currencies amid shifting market dynamics. The dollar strengthened after hotter U.S. inflation data, while the euro, pound, and yen declined due to sluggish economic growth and diverging central bank policies. Investors are cautious heading into a year of potential policy pivots and persistent inflation worries.
Euro slides against the US dollar for the seventh straight session following mixed US job data. The weaker-than-expected payrolls and modest wage growth underscore a cooling labor market but Fed signals no near-term rate cuts. Dollar strength and hawkish Fed tones put pressure on EUR/USD amid fragile eurozone conditions.
GBP/USD edges closer to 1.34 amid a stronger US dollar and UK economic uncertainties. With the Fed signaling fewer rate cuts and the Bank of England facing political headwinds, sterling remains under pressure. Watch key support at 1.3400 as June unfolds. #Forex #GBPUSD #TradingNews
Growing investor interest in CAD and rising inflows into FXC point to a shifting sentiment in USD/CAD. Strengthening loonie supported by diverging monetary policies, stable oil prices, and Canada’s economic resilience could reshape the currency landscape ahead.
The S&P 500 continues its strong bullish trend in 2024, supported by resilient earnings and favorable monetary policy. Elliott Wave analysis points to further upside potential, aiming for a target near 7,300. While short-term volatility may occur, technical signals suggest this rally has room to run. Investors should watch sector leadership and macroeconomic data closely as momentum builds.
Weekly Forex Forecast (Jan 11–16, 2026): EUR/USD faces resistance at 1.10; watch for a break below 1.0850 to accelerate downside. GBP/USD bullish above 1.2610, targeting 1.2800–1.2900. USD/JPY eyes resistance near 146.80 amid Fed strength and BoJ policy. Stay tuned for key economic data and central bank cues. #forex #trading #FX
CFTC data reveals a rise in euro net short positions, signaling growing bearish sentiment amid Eurozone’s economic uncertainty and cautious ECB outlook. How do you see these factors shaping the euro’s path in 2024?
GBP/USD continues its decline, approaching the 1.34 level amid persistent US Dollar strength and UK economic challenges. Uncertainty over Bank of England policy and global risks weigh heavily on Sterling. Traders should watch key technical supports and evolving macro trends for potential shifts.
The Canadian dollar remains steady despite broad US dollar gains fueled by strong US economic data. Supported by firm oil prices and resilient domestic indicators, the loonie holds near 1.34 against USD, reflecting balanced forces amid monetary policy uncertainties in both countries. Analysts highlight a cautious outlook with oil as a key buffer for CAD moving forward.
The S&P 500’s bullish momentum remains intact according to Elliott Wave analysis by Pablo Piovano at FXStreet. After completing a corrective phase, the index is poised for further gains, potentially reaching 7300 as upward momentum and strong fundamentals support continued rally. #SP500 #ElliottWave #MarketAnalysis
