Fresh-Forexcast2004

Fresh-Forexcast2004

The USD/JPY pair is down to 149.400 despite the US Dollar (USD) strengthening during Asian trading on Thursday. Later on Thursday, US retail sales data will come to the fore, which is estimated to rise to 0.3% in September from 0.1% in the previous reading. The US economic data showed a resilient economy, with inflation rising slightly more than expected in...

Fresh-Forexcast2004

GBPUSD: The GBP/USD pair is trading around 1.3065 today, although it lacks bullish confidence. The release of the UK Consumer Price Index news event weakened the Pound against the Dollar. Ahead of the key data release, speculation that the Bank of England (BoE) may move to accelerate its rate cut cycle continues to undermine the British Pound (GBP) and act as...

Fresh-Forexcast2004

The EUR/USD pair reached a new ten-week low on Monday, marking the start of the new trading week with another decline. The euro lost 0.25% against the dollar, breaching its 200-day exponential moving average (EMA) as a result of the dollar's strength and the euro's general weakening. The latest results of the European Central Bank's (ECB) lending survey are...

Fresh-Forexcast2004

The USD/JPY pair is unable to capitalize on a modest rise in the Asian session or find support above 149.000 and is pulling back a few pips from the highest level since August 16 reached on Monday. Prices are dipping below 148.500, or a fresh daily low in the last hour, and for the moment appear to have broken the dollar's three-day winning streak, although the...

Fresh-Forexcast2004

The Pound-Dollar pair is unable to capitalize on a modest rebound from the 1.30200 area or one-month low and has been fluctuating in a narrow range during the Asian session on Friday. Spot prices are currently hanging around the mid-1.30000 area, unchanged for the day, and seem vulnerable to a continuation of the recent corrective decline from the highest level...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Consumer Price Index EURUSD: EUR/USD fluctuated in a narrow range below 1.0950 during the Asian session on Thursday and consolidated recent strong losses to a near two-month low reached the previous day. The US dollar (USD) is near its highest level since 16 August as traders assessed the possibility of...

Fresh-Forexcast2004

The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points. The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which...

Fresh-Forexcast2004

Event to pay attention to today: 21:00 GMT+3. USD - FOMC Meeting Minutes USDJPY: The Japanese yen (JPY) saw some intraday selling on Tuesday, which helped the USD/JPY pair pause its modest pullback from its highest level since August the previous day. The latest data released on Tuesday showed a decline in real wages in Japan in August, following two months...

Fresh-Forexcast2004

The Pound-Dollar pair attracted some buying during the Asian session on Tuesday and so far seems to have broken a five-day losing streak, hitting a near four-week low near 1.31600 reached the previous day. However, spot prices are unable to consolidate above the 1.31000 mark, causing bullish traders to be somewhat cautious. Investors remain concerned that...

Fresh-Forexcast2004

GBPUSD: The GBP/USD pair is posting modest gains near 1.3130, breaking a three-day losing streak in the early Asian session on Monday. However, the major pair's gains may be limited amid the Federal Reserve's interest rate cut bets following positive US Non-Farm Payrolls (NFP) data on Friday. The Fed cut its rate cut cycle by 50 basis points (bps) in...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Unemployment Rate EURUSD: EUR/USD remains on the defensive near 1.1030 on the back of a stronger US dollar during the early Asian session on Friday. Cautious market sentiment ahead of key US economic data is putting pressure on the major pair. All eyes will be on the release of US employment data due for...

Fresh-Forexcast2004

The USD/JPY pair has continued to gain ground following the breakout through the 50-day simple moving average (SMA) on Wednesday. On Thursday, it attracted buyers for the second consecutive day. This marks the third consecutive day of positive movement, lifting spot prices to the 147.200-147.250 area, representing the highest level since 20 August during the Asian...

Fresh-Forexcast2004

GBPUSD: The GBP/USD pair remains weak after losses recorded in the previous session, trading near 1.32800 during Asian hours on Wednesday. The decline could be attributed to risk aversion due to rising geopolitical tensions in the Middle East, which is undermining the risk-sensitive Pound Sterling (GBP) and the GBP/USD pair. Iran launched more than 200 ballistic...

Fresh-Forexcast2004

An event to look out for today: 17:00 GMT+3. USD - ISM Manufacturing Index USDJPY: The USD/JPY pair is building on an overnight good bounce from the 141.60 area, or near two-week lows, and gaining momentum for the second day in a row on Tuesday. The upward movement takes spot prices above 144.00 during the Asian session and is supported by a combination of...

Fresh-Forexcast2004

The GBP/USD currency pair is trading at around 1.33850 in the early Asian session on Monday. The prospect of further interest rate cuts by the Federal Reserve (Fed) and a less dovish stance from the Bank of England (BoE) is providing some support to the major pair. The Federal Reserve's Chair, Michelle Bowman, is scheduled to deliver a speech later today. US...

Fresh-Forexcast2004

On Thursday, the EUR/USD returned to its highest point since the market sell-off in the dollar gained momentum. The release of better-than-expected data from the US has helped to allay concerns about a possible slowdown in the US economy. Despite a slight easing of recession fears, the US economy is still facing challenges, with key activity indicators showing a...

Fresh-Forexcast2004

The Japanese Yen (JPY) remains depreciated against the US Dollar (USD) following the release of the minutes from the Bank of Japan's (BoJ) July policy meeting on Thursday. The yen faces challenges as traders expect the BoJ to ponder before further rate hikes. The minutes of the BoJ's monetary policy meeting expressed a general view among members on the importance...

Fresh-Forexcast2004

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