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Forex
Forex

Forex

02
Feb

Currency Talk – EUR/AUD, EUR/USD and GBP/USD

The Overbalance analysis aims to identify three financial instruments, analysed exclusively on a four-hour interval (H4). The analysis uses only the Overbalance methodology, which allows us to determine where the trend may continue or where it may change.Today’s analysis covers three instruments, assessed exclusively in terms of the 1:1 correction structure. EURAUD – H4 intervalThe […]

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02
Feb

GBP/USD softens below 1.3700 as Trump picks Warsh for Fed

The GBP/USD pair loses ground to around 1.3670 during the early European session on Monday, pressured by renewed US Dollar demand. Signs of political stability in the United States (US) provide some support to the Greenback against the Pound Sterling (GBP). Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index (PMI) data later […]

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02
Feb

USD/INR falls on RBI’s intervention, upside remains favored

The Indian Rupee (INR) gains against the US Dollar (USD) in the opening session on Monday, following the fiscal budget Financial Year (FY) 2026-27 announcement by the Indian government on Sunday. The USD/INR pair declines to near 91.85 as the Reserve Bank of India (RBI) has intervened in the spot and Non-Deliverable Forward (NDF) markets to provide […]

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02
Feb

New Zealand Dollar Extends Pullback

The New Zealand dollar edged lower to around $0.602, extending its pullback from a seven-month high in the previous session, as the US dollar regained strength. The greenback rebounded after President Donald Trump nominated Kevin Warsh as Fed chair, a move markets view as hawkish and less supportive of aggressive rate cuts. Meanwhile, investors continued […]

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02
Feb

Aussie Dollar Weakens as Greenback Firms

The Australian dollar weakened to around $0.69 per dollar on Monday, trimming gains from the previous week as a firmer US dollar weighed on the currency. The greenback strengthened following President Donald Trump’s nomination of Kevin Warsh as the next Fed chairman. Markets view Warsh as a more hawkish candidate, expected to favor lower interest […]

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02
Feb

Offshore Yuan Approaches 33-Month High

The offshore yuan strengthened to around 6.95 per dollar on Monday, reversing the previous week’s losses and approaching a thirty-three-month high, after a strong manufacturing PMI data boosted sentiment. A private survey showed China’s factory activity expanding at its fastest pace since October, driven by faster production and front-loading of shipments ahead of the extended […]

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31
Jan

EUR/USD slides as Warsh Fed pick, hot US PPI supercharge Dollar rally

EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs of 1.1974. Euro sinks […]

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31
Jan

Mexican Peso Pulls Back From Mid-2024

The Mexican peso weakened past 17.4 per US dollar, giving back part of its strong monthly gains that drove it to mid-2024 highs as a firmer US dollar and shifting rate expectations eroded support for carry trades. The reversal was driven by a rebound in the greenback after the nomination of Kevin Warsh as the […]

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30
Jan

GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown

The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index (PPI) data later […]

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30
Jan

EUR/USD Price Forecast: Breaks through 100-hour SMA as bears await acceptance below 1.1900

The EUR/USD pair attracts fresh sellers following the previous day’s good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday. Spot prices, however, recover around 25 pips from the daily low and currently trade around the 1.1920-1.1925 region, down 0.35% for the day. The US Dollar (USD) gains some positive traction and […]

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