Forex48_TradingAcademy

Forex48_TradingAcademy Updated 

The USD/JPY exchange rate is recovering from recent lows, reaching 151.90 on February 10, 2025, compared to the previous close of 151.30. After a significant drop in early February, the trend shows a gradual rebound, supported by the Japanese Yen’s weakness due to disappointing macroeconomic data, particularly the sharp decline in Japan’s current account balance...

Forex48_TradingAcademy Updated 

The recent performance of the EUR/AUD exchange rate shows a fluctuating trend, with a slight recovery, closing at approximately 1.6450 in the first week of February. In the preceding days, the rate experienced several declines, with a significant drop. These fluctuations reflect the economic dynamics of both the Eurozone and Australia. In the Eurozone, inflation...

Forex48_TradingAcademy

The GBP/USD pair has recently declined, closing at 1.24445 on February 12 (-0.0233%) after a 0.6688% increase on February 11. Volatility has dominated recent sessions, with fluctuations between 1.2400 and 1.2500. The decline was triggered by US inflation data, which strengthened expectations of higher Fed rates, weighing on the pound. Despite a 2.5% increase in UK...

Forex48_TradingAcademy

The GBP/NZD exchange rate at NZ$2.1922 reflects a persistent downtrend, confirming recent weakness in the British Pound against major counterparts. The formation of a head and shoulders pattern on the daily chart suggests further downside risk, with the pair testing key support levels. Market fluctuations between NZ$2.1754 and NZ$2.22 highlight ongoing volatility...

Forex48_TradingAcademy

GBP/JPY is facing significant bearish pressure, with the price dropping to around 188.40 in the recent sessions on February 6, 2025. The main catalyst behind this trend has been the Bank of England’s interest rate cut of 25 basis points, bringing it down to 4.5%. This decision has intensified the weakness of the British pound, prompting investors to liquidate long...

Forex48_TradingAcademy

The EUR/USD pair experienced a strong rebound on Tuesday, rising by 0.8% and breaking a six-day losing streak, although it failed to reclaim the 1.0400 threshold. Despite this recovery, bullish momentum remains fragile as the euro is heavily influenced by broader market flows and the anticipation of upcoming US Non-Farm Payroll (NFP) data. The pair found initial...

Forex48_TradingAcademy

The GBP/AUD exchange rate showed mixed movements from January 27 to February 4, 2025, closing at 1.99489 on February 4 with a decline of approximately 0.42% compared to the previous session. Despite a modest rally on February 3, with an increase of about 0.58%, the subsequent downturn signals prevailing bearish sentiment. This fluctuation highlights a cautious...

Forex48_TradingAcademy

The USD/JPY exchange rate has shown both resilience and vulnerability in recent trading sessions, shaped by competing factors from monetary policy shifts to global economic developments. On the positive side, the U.S. dollar remains underpinned by Federal Reserve rate decisions, with market expectations of steady rates in the near term supporting its strength....

Forex48_TradingAcademy

The gold market is experiencing significant volatility, with prices undergoing a correction after approaching multi-month highs. Currently, XAU/USD is trading around $2,740, below the key resistance at $2,790, as recent declines reflect a mix of profit-taking, technical pressures, and macroeconomic factors. Recent selling has triggered a natural correction after...

Forex48_TradingAcademy

GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on...

Forex48_TradingAcademy

The USD/JPY pair exhibits a clear bearish inclination, driven by a combination of economic and market factors that are strengthening the Japanese Yen and weakening the US Dollar. Currently, the pair has dropped to approximately 155.60, recording a 0.44% loss for the day, with sellers evidently attempting to push the price further toward critical support levels...

Forex48_TradingAcademy

The analysis of XAU/USD highlights a strong bullish momentum in the short term, with gold prices reaching a one-month high above $2,700 on January 16, 2025. This rally was supported by contrasting U.S. economic data: while consumer spending showed strength, the increase in unemployment claims contributed to a decline in U.S. Treasury yields, enhancing gold's...

Forex48_TradingAcademy

The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected...

Forex48_TradingAcademy

The EUR/USD continues its downward trend, recently touching a new cycle low around 1.0176 as the US Dollar maintains its relentless rally, fueled by rising expectations that the Federal Reserve will keep interest rates elevated for an extended period. The Greenback’s strength has been amplified by a fifth consecutive bullish session, with the DXY surpassing the...

Forex48_TradingAcademy

EUR/USD trades near 1.0320 after dipping to a low of 1.0275, with recent price action reflecting a prevailing bearish sentiment driven by employment data, a cautious Federal Reserve, and concerns over potential tariff measures by President-elect Donald Trump. Technical indicators on the daily chart show accelerated declines in negative territory, suggesting the...

Forex48_TradingAcademy

Currently, GBP/USD is attempting to hold above the 1.2500 level after hitting an intraday high of 1.2575, but pressure from a strengthening US Dollar, driven by positive economic data, has capped further gains. A sustained move above this level could pave the way for new bullish targets, with the first resistance area at 1.2620-1.2630, corresponding to the 61.8%...

Forex48_TradingAcademy

Brent crude prices are currently influenced by a combination of strong geopolitical and climatic factors. At present, WTI is trading around $73.30 per barrel, nearing its highest levels since October 2024, as investors closely monitor the potential impact of colder weather in the United States and Europe. Seasonal demand for heating oil is expected to rise,...

Forex48_TradingAcademy

Gold's recent performance and future outlook continue to be influenced by a complex blend of technical indicators, macroeconomic events, and geopolitical factors. As of Friday, XAU/USD registered a slight retracement below $2,650 after a significant 1% increase on Thursday. The minor pullback coincides with a stabilization in the US 10-year Treasury yield around...