Inflation in the United States (US), as tracked by the Consumer Price Index (CPI), went up by 3.0% in January compared to the same month last year, surpassing December’s increase, according to the Bureau of Labor Statistics. This result was … [Continue reading]
EUR/USD stays firm ahead of US CPI
EUR/USD edges higher ahead of the US CPI data for January, which will influence the Fed’s monetary policy outlook. European Commission President Ursula von der Leyen has threatened to take countermeasures against US President Trump’s 25% levy on … [Continue reading]
GBP/JPY Price Forecast: Next upside barrier emerges near 193.50
GBP/JPY gains ground to around 191.20 in Wednesday’s early European session. The cross keeps the negative outlook below the 100-period EMA with the bearish RSI indicator. The initial support level is seen at 187.70; the key upside barrier … [Continue reading]
White House official says 25% steel tariffs would stack on other levies on Canada
A White House official said late Tuesday that US President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff. A government source told … [Continue reading]
USD/JPY Price Forecast: Surges as US yields rise, eyes on 200-day SMA
USD/JPY rebounds 0.35% from 151.64 low, driven by bond yield movements. Technical analysis hints at bullish shift; resistance near 200-day SMA at 152.76. Downside risks if SMA not surpassed; supports at 152.00 and 150.93 in focus. The USD/JPY … [Continue reading]
US Dollar does not see much change after Powell’s speech
The US Dollar flat for a second day in a row this week. Fed Chairman Jerome Powell says to lawmakers no rush to change rates. The US Dollar Index (DXY) is not ging anywhere and is residing above 108.00 wh.ile looking for direction The US … [Continue reading]
Crude oil price today: WTI price bullish, according to FXStreet data
West Texas Intermediate (WTI) Oil price advances on Tuesday, according to FXStreet data. WTI trades at $72.92 per barrel, up from Monday’s close at $72.19.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.81 price posted on … [Continue reading]
Japanese Yen remains confined in a range against USD; bullish potential seems intact
The Japanese Yen draws some support from persistent worries about a global trade war. Expectations that the Fed could delay rate cuts benefit the USD and support USD/JPY. Bets that the BoJ will hike rates further underpin the JPY and cap the … [Continue reading]
Australian Dollar edges lower as Trump expands steel and aluminum tariffs
The Australian Dollar depreciates as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 in January from 92.1 prior. The US Dollar appreciates amid the rising … [Continue reading]
NZD/USD Price Analysis: Pair struggles at 20-day SMA as selling pressure builds
NZD/USD dips 0.30% on Monday, trading near 0.5640 amid renewed downside pressure. The pair is testing support at the 20-day SMA, a key threshold for short-term direction. RSI declines in negative territory, while MACD histogram shows weakening … [Continue reading]