Currency News

GBP/USD churned chart paper near familiar levels on Thursday, chalking in a flat day after exploring some intraday downside and snapping a two-day win streak as price action gets hung up on the 1.2200 handle.

Investors in Asia are understandably cautious. Perhaps they will hedge their bets and reduce exposure to volatile assets ahead of the weekend, extending into a three-day break in the U.S. due to Martin Luther King Jr. Day.

Stocks attempted to continue their rallied, but failed. And the major indices went out on the lows.

EUR/USD is trading at strong support while finishing a correction, which may case a bullish reversal in 2025 from Elliott wave perspective.

The combination of the BOJ indicating that it is considering raising rates on January 24 and the softer than expected US core CPI reading delivered the dollar is largest loss since the end of last November against the Japanese yen

The US Dollar reached a new high in the Nominal US Dollar vs Advanced and Emerging series incepted 2006.

The US dollar fell against the Canadian dollar during the trading session on Wednesday after the CPI numbers came out much lower than anticipated.

WTI crude oil prices climbed above $80 a barrel on Thursday, developing a 3% gain from the previous session and trading near the highest level since mid-July last year amid rising global supply risks.

Asian markets tracked Wall Street's gains, driven by a dip in US core inflation that kept hopes of a Federal Reserve rate cut this year alive.

Following a nervous session last night, the EUR/USD pair is trading near 1.0285 on Thursday morning. The market is now stabilising.

The market is undergoing a corrective phase within the structure of wave 2, representing a temporary retracement before the broader bullish trend resumes.

FTSE rises as the pound sinks and growth stalls. EUR/USD holds below 1.03 ahead of ECB minutes, US retail sales & jobless claims.

EUR/USD wobbles around 1.0300 as the US Dollar consolidates while traders re-evaluate the Fed’s likely interest rate outlook for the entire year.

USD/CAD regains positive traction on Thursday and draws support from a combination of factors.

The GBP/USD pair remained on edge after reports from the UK and the US showed that inflation was easing.

Besides expecting another round of positive US activity data, today’s FX focus will be on the Senate confirmation hearing of Scott Bessent, Trump’s nominee for US Treasury Secretary.

The Australian Dollar (AUD) broke its three-day winning streak against the US Dollar (USD) following the Australian Employment report released on Thursday.

The Japanese Yen (JPY) retains its bullish bias through the Asian session on Thursday and climbs to a four-week high against its American counterpart amid reviving bets for a Bank of Japan (BoJ) rate hike next week.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, January 15.

The markets’ mood has soured - that much is obvious. There are worries about inflation - also obvious if you look at the bond market.

The USD/CAD pair extends the decline to near 1.4335 during the early Asian session on Thursday.

Wall Street soared on Wednesday, riding a wave of euphoria as bullish bank earnings smashed expectations. A critical inflation report delivered a pleasant surprise, hinting at a slowing pace of core price hikes.

Stocks are on fire. Enjoy it, but don’t get too comfortable. Rip-your-face-off rallies like this are a sign that the market is still really volatile.

VIX fell down smashing into its moving averages. Gold and silver rallied.

The UK reported softer than expected consumer prices, but the timing of the data collection may have skewed the report.