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Forex
Forex

Forex

12
Jan

EUR/USD Price Forecast: Edges higher but faces resistance at 100-day EMA

The EUR/USD pair edges higher to near 1.1655 during the early European session on Monday. The US Dollar (USD) softens against the Euro (EUR) amid renewed concerns over US Federal Reserve (Fed) independence. Traders await the US Consumer Price Index (CPI) inflation report on Tuesday.  Fed Chair Jerome Powell said in a statement that the US Justice Department has threatened criminal charges […]

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12
Jan

USD/INR trades firmly at open as higher Oil price weigh on Indian Rupee

The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) at the start of the week. The USD/INR pair trades firmly near the weekly high of 90.66 as the Indian Rupee underperforms due to rising oil prices and the continued outflow of foreign funds from the Indian stock market. Currencies from economies that […]

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12
Jan

South Korean Won Extends Losses

The South Korean won weakened to around 1,460 per dollar on Monday, extending losses near a three-week low, as markets remained cautious ahead of the Bank of Korea’s policy decision. With the central bank widely expected to hold rates steady this week, policymakers’ constraints from exchange-rate volatility and elevated housing prices leave little scope for […]

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12
Jan

Yuan Rally Builds as Hedging Costs Fall

The offshore yuan strengthened to around 6.97 per dollar, near thirty-two-month highs, as confidence in the currency continued to build alongside falling hedging costs. One-year forward contracts now allow investors to lock in settlement rates below the current spot level, marking the lowest implied costs since 2022. Data also show a pickup in forward settlement […]

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09
Jan

EUR/CAD Price Consolidates around mid-1.6100s; Canadian jobs data awaited

The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day’s modest pullback from over a three-week high. Spot prices, however, lack any firm intraday direction as traders opt to wait for the release of Canadian monthly employment details before placing […]

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09
Jan

GBP/JPY rises to near 211.30 as Japanese Yen underperforms across the board

The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data. Japanese Yen Price Today The table below shows the percentage change of […]

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09
Jan

USD/INR rises at open ahead of US NFP data

The Indian Rupee (INR) ticks lower in the opening session against the US Dollar (USD) on Friday. The USD/INR pair rises to near 90.25 as the US Dollar (USD) trades firmly ahead of the release of the United States (US) Nonfarm Payrolls (NFP) data for December at 13:30 GMT. As of writing, the US Dollar […]

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09
Jan

EUR/USD Price Stays near 1.1650 with fading momentum

EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. The 14-day Relative Strength Index (RSI) momentum indicator at 39 (bearish) trends lower, confirming fading momentum rather than oversold conditions. The technical analysis of the daily chart shows that the EUR/USD pair sits beneath the nine- and 50-day Exponential Moving […]

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09
Jan

Japanese Yen selling remains unabated amid China–Japan rift, BoJ doubts

The Japanese Yen (JPY) slides to a nearly three-week trough against a broadly firmer US Dollar (USD) heading into the European session on Friday and seems vulnerable to slide further. Worries that consumption momentum could fade if inflation continues to outpace wage growth in early 2026 overshadow an unexpected rise in Japan’s Household Spending data […]

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09
Jan

USD/CAD holds above 1.3850 due to lower Oil prices, US NFP eyed

USD/CAD continues its winning streak that began on January 2, trading around 1.3870 during the Asian hours on Friday. Traders await the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook. On Canada’s front, Net Change in Employment and Unemployment Rate for December will […]

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