News
US Dollar Index Pulls Back Off Session Highs to Trade at 100.74
9+ hour, 35+ min ago (365+ words) On Friday, the US dollar index pulled back from the session highs of about 100.86 to trade at about 100.74 after the latest US data. The DXY trades within an ascending channel formation in the 60-minute chart. The dollar currency index has…...
USD/JPY Holds Firm Near Multi-Decade Highs as Dollar Strength Offsets Yen Support Efforts
6+ hour, 48+ min ago (327+ words) FXDailyReport.Com USD/JPY traded in a narrow range on Friday, remaining close to its highest levels in decades as the Japanese Yen continued to face pressure from a combination of domestic and external factors Despite occasional signs of support,…...
GBPUSD Reversal Pattern Confirmed as UK Political Transition Begins
1+ day, 21+ hour ago (308+ words) GBPUSD has carved out an inverted head and shoulders pattern since mid-June, with the head forming near the 1.3140 lows and the shoulders taking shape on either side around the 1.3300 region. Price recently broke above the neckline resistance near 1.3480 with a…...
US Dollar Index Bounces Off Session Lows to Trade at 100.98
1+ week, 4+ hour ago (400+ words) On Friday, the US dollar index bounced from the session lows of about 100.74 to trade at about 100.98 after the latest data. The DXY trades within a descending channel formation on the 60-minute chart. The dollar currency index has now advanced…...
USDCAD Tests Channel Support Ahead of Canadian Jobs Release, Correction Due?
1+ week, 1+ day ago (306+ words) USDCAD is trading inside a descending channel with its lower highs and lower lows since June. Price is now testing the channel bottom around 1.4154, which could open the path for a steeper decline or a near-term correction. If this floor…...
US Dollar Index Bounces Off Session Lows to Trade at 100.84
2+ week, 5+ hour ago (331+ words) On Friday, the US dollar index bounced from the session lows of about 100.58 to trade at about 100.84 after the latest US data. The DXY trades within a descending channel formation on the 60-minute chart. The dollar currency index continues to…...
Softer US Labor Data Weakens Dollar, Lifts GBP/USD Toward Ten-Day Highs
2+ week, 1+ day ago (325+ words) GBP/USD posted strong gains on Thursday as the US Dollar weakened sharply following disappointing US employment data, which reinforced expectations that the Federal Reserve is less likely to maintain a hawkish stance going forward. The pair traded around 1.3359, marking…...
Australian Dollar Rebounds as US Dollar Retreats, but Broader AUD/USD Outlook Remains Cautious
3+ week, 6+ hour ago (248+ words) FXDailyReport.Com The Australian Dollar edged higher against the US Dollar on Friday, with AUD/USD recovering toward the 0.6900 level as the Greenback weakened following a strong two-week rally The US Dollar came under pressure as investors booked profits ahead…...
Pound Sterling Recovers as Softer Fed Expectations Offset UK Political and Economic Concerns
3+ week, 7+ hour ago (200+ words) However, investor sentiment improved after Burnham’s team reaffirmed its commitment to maintaining Chancellor Rachel Reeves’ existing fiscal framework. The pledge helped reassure markets that fiscal discipline would remain intact, reducing fears of significant policy shifts and providing additional support for…...
US Dollar Index Bounces Off Session Lows to Trade at 101.29
3+ week, 6+ hour ago (419+ words) On Friday, the US dollar index bounced from the session lows of about 101.03 to trade at about 101.29 after the latest US data. The DXY trades within a descending channel formation in the 60-minute chart. The dollar currency index continues to…...