Fresh-Forexcast2004

Fresh-Forexcast2004

The USD/JPY pair is attracting sellers near 155.750 on Thursday in the early hours of Asian trading. The pair is declining due to a general weakness in the US dollar (USD) and speculation regarding the Bank of Japan (BoJ) intervention. On Thursday, the US is scheduled to release several key economic indicators, including weekly initial jobless claims and the...

Fresh-Forexcast2004

Event to pay attention to today: 09:00 GMT+3. GBP - Consumer Price Index GBPUSD: On Tuesday, the GBP/USD exchange rate fluctuated near recent highs as markets reassessed the likelihood of a Federal Reserve (Fed) rate cut. A decline in US retail sales has brought a recent string of US data to a close, indicating that price pressures have finally eased...

Fresh-Forexcast2004

Event to pay attention to today: 15:30 GMT+3. USD - Retail Sales EURUSD: The EUR/USD exchange rate failed to maintain its recent bullish momentum, with a sharp pullback occurring after a brief surge above 1.09000 at the start of the new trading week. Price movement has since remained within the upper boundary of the descending price channel. In light of the...

Fresh-Forexcast2004

Event to pay attention to today: 19:30 GMT+3. USD - Federal Reserve Chairman Jerome Powell Speaks USDJPY: The Japanese yen (JPY) is declining on Monday as the US dollar (USD) strengthens amid growing risk aversion over the attempted assassination of former US President Donald Trump on Saturday. Analysts have indicated that if the event enhances Trump's...

Fresh-Forexcast2004

The Pound-Dollar pair fluctuated between weak gains and minor losses around the 1.29000 mark during the Asian session on Friday and remains within striking distance of the yearly peak reached the previous day. The US Dollar (USD) is attracting some buyers on the back of a good rise in US Treasury yields and is moving away from the near three-month low reached the...

Fresh-Forexcast2004

Events to watch out for today: 15:30 GMT+3. USD - Consumer Price Index 18:30 GMT+3. USD - FOMC member Rafael Bostic will deliver a speech 20:00 GMT+3. USD - FOMC Member Alberto Musalem to deliver a speech EURUSD: EUR/USD found itself in a bullish zone on Wednesday, pushed by dollar selling in the broad market. Market sentiment rebounded strongly and leaned...

Fresh-Forexcast2004

Event to pay attention to today: 17:00 GMT+3. USD - Federal Reserve Chairman Jerome Powell Speaks USDJPY: The Japanese yen (JPY) depreciated for the third consecutive session on Wednesday. The growth of the USD/JPY pair is driven by the strengthening of the US dollar (USD), which gained strength after Federal Reserve Chairman Jerome Powell's speech before...

Fresh-Forexcast2004

The Pound-Dollar pair briefly tested a fresh four-week high on Monday, rising above 1.28400 before broad market flows pushed cable back down to the week's opening prices just above 1.28000. UK data remains sparse this week, with traders' expectations facing an overly cautious Federal Reserve (Fed). Fed speakers are pushing for further signs that US inflation is...

Fresh-Forexcast2004

EURUSD: EUR/USD is trading near 1.08300 on Monday in the early hours of Asian trading. Political uncertainty in France after the second round of voting in the parliamentary elections on Sunday is putting pressure on the euro (EUR). Later on Monday, the Eurozone Sentix investor confidence index for July will be released. According to the Economist, exit polls...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Unemployment rate USDJPY: The rise in USD/JPY raises expectations of currency intervention by the Japanese authorities. "Currently, USD/JPY will be guided by UST yields and the US dollar. For USD/JPY to reverse downward, it will require the US Dollar to turn around/Fed Fed to cut rates or the BoJ to signal...

Fresh-Forexcast2004

Event to pay attention to today: GBP - Parliamentary Elections GBPUSD: The pound/dollar exchange rate continued its short-term recovery on Wednesday, with a general softening of US economic data in the mid-week market session providing support. The upcoming UK election on Thursday will attract a great deal of attention from traders, while US markets will be...

Fresh-Forexcast2004

The Japanese Yen (JPY) continues to suffer losses on Wednesday, remaining near a low of 161.750, a level not seen since 1986, recorded in the previous session. The decline may be attributed to final data indicating that business activity in Japan began to contract in June. Market participants are focused on the possibility of currency intervention by the Bank of...

Fresh-Forexcast2004

An event to look out for today: 16:30 GMT+3. USD - Chairman of the Board of Governors of the Federal Reserve Board Jerome Powell will deliver a speech GBPUSD: "The Bank of England's (BoE) dovish pause in June, which raised rates for an interest rate cut at its August monetary policy meeting, continues to undermine the British Pound (GBP). The US Dollar...

Fresh-Forexcast2004

Event to pay attention to today: 17:00 GMT+3. USD - ISM Manufacturing PMI EURUSD: The EUR/USD currency pair has risen for the third consecutive day, trading around the 1.07500 mark during Asian hours on Monday. Speculation that the US Federal Reserve (Fed) may cut interest rates in 2024 is exerting downward pressure on the US dollar (USD), thereby supporting...

Fresh-Forexcast2004

Oil prices have shown steady growth from $76 to $85 per barrel of Brent crude (#BRENT) since the beginning of June. This rise is driven by seasonal factors: high consumer activity during the summer driving season, increased demand from the transportation sector, and higher electricity consumption for air conditioning. However, a more significant development in...

Fresh-Forexcast2004

Event to pay attention to today: 15:30 GMT+3. USD - United States Core Personal Consumption Expenditures (PCE) Price Index m/m USDJPY: The USD/JPY currency pair traded near 161.000, representing the highest level since 1986, during the Asian session on Friday. The Tokyo Consumer Price Index (CPI) saw a year-on-year increase to 2.3% in June, up from the...

Fresh-Forexcast2004

The Euro-dollar pair pulled back to the 1.06800 area on Wednesday after the German GfK Consumer Confidence Index for July unexpectedly declined, while a lack of meaningful data during the U.S. trading session left investors chewing over the Federal Reserve's (Fed) cautious stance this week. Germany's consumer confidence reading for July fell to -21.8, falling...

Fresh-Forexcast2004

USDJPY: Japan's Deputy Finance Minister Masato Kanda confirmed that the government is ready to take appropriate measures if excessive currency fluctuations have a negative impact on the national economy. However, Kanda's comments had minimal impact on the Japanese Yen (JPY) exchange rate amid the Bank of Japan's reluctance to provide a detailed plan to reduce...