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Forex

Forex

08
Dec

EUR/USD – JP Morgan Recommendation

JP Morgan issued a recommendation for the EURUSD currency pair. The Bank recommends taking a long position on the pair with following levels: Entry: 1,1666 Target: 1.1800 Stop: 1.1590 JP Morgan recommends taking a long position on EURUSD at 1.1666 with a target of 1.1800 and a stop loss order placed at 1,1590. Source: xStation5 […]

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08
Dec

Won Strengthens on Budget Approval, Policy Optimism

The South Korean won strengthened to around 1,467 per dollar on Monday, recovering from multi-month lows as sentiment was bolstered by recent domestic developments. Finance Minister Koo Yun-cheol highlighted that, following the budget’s approval, government ministries are initiating measures to reinforce economic growth. Last week, the National Assembly ratified the 2026 government budget at KRW […]

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08
Dec

Offshore Yuan Steady After Trade Data

The offshore yuan steadied around 7.06 per dollar on Monday, with market sentiment remaining subdued amid strong foreign demand and weak domestic activity. Exports rose 5.9% year-on-year to USD 330.3 billion in November 2025, surpassing expectations and rebounding from the previous month, supported by eased trade tensions with the US. Imports, however, increased only 1.9% […]

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05
Dec

Trade of The Day – EUR/USD

Facts: Trade: LONG EURUSD at market price EURUSD (D1) Source: xStation5 Opinion: The Euro has strengthened against the dollar over the past year. This is a culmination of the dovish policy of the FED compared to the ECB. The market has already priced in at least 2-3 cuts of 25 basis points, but investors may […]

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04
Dec

Trade of The Day – GBP/USD

Facts:The price broke above key resistance at 1.3212GBPSUD invalidated 1:1 structureThe price sits above the 100-period moving average from D1 interval Recommendation: Trade: Long position on GBPUSD at market priceTarget: 1.3513, 1.3640Stop: 1.3180 Opinion: GBPUSD has been trading in a downward trend recently. Looking at the D1 interval, one can see that the recent downward move might […]

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04
Dec

GBP/USD softens below 1.3350 on renewed US Dollar demand

The GBP/USD pair loses ground to around 1.3330 during the Asian trading hours on Thursday. The major pair retreats from nearly a two-month high amid renewed US Dollar (USD) demand. However, the rising bets of a Federal Reserve (Fed) rate cut next week might cap its downside. Traders will take more cues from the US weekly Initial Jobless Claims […]

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04
Dec

EUR/USD eases from October highs amid USD uptick; holds above mid-1.1600s

The EUR/USD pair edges lower during the Asian session on Thursday and erodes a part of the previous day’s strong gains to its highest level since October 17. Spot prices currently trade around the 1.1660-1.1655 region, though the downside seems limited amid a supportive fundamental backdrop. The US Dollar (USD) is attempting a modest recovery from […]

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04
Dec

Yen Firms Up on BOJ Rate Hike Bets

The Japanese yen strengthened toward 155 per dollar on Thursday, trading near its highest level in more than two weeks amid growing speculation that the Bank of Japan will raise interest rates this month. Expectations firmed after BOJ Governor Kazuo Ueda voiced confidence in Japan’s economic outlook and said the central bank would carefully weigh […]

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04
Dec

Offshore Yuan Retreats on Weak Fixing

The offshore yuan weakened to around 7.05 per dollar, retreating from a more than one-year high in the prior session after the People’s Bank of China set a weaker-than-expected daily fixing. The PBOC set the midpoint at 7.0733 per dollar, 179 pips below the Reuters consensus and marking the largest weak side deviation since November […]

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