February 6, 2025 The USD/JPY is currently trading at 151.428, with key support at 154.617 and resistance at 155.084. The market sentiment appears balanced, with a notable pivot level that could influence future movements. Technical Analysis: Moving...
The GBP/USD pair is trading in negative territory near 1.2400 on Thursday, struggling to regain momentum after the Bank of England (BoE) decided to cut its policy rate by 25 basis points (bps). Despite disappointing US economic data, which helped...
The main events by the morning: February 6 Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching the maximum price increase since August 2022. This is due to higher premiums for Middle Eastern raw...
AUD/USD As of today, the AUD/USD pair is struggling near a five-year low, hovering around 0.6200. The U.S. dollar remains strong, backed by solid economic data and a hawkish Fed, while the Australian dollar faces pressure from both domestic...
Traders are closely watching the upcoming release of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), which are expected to play a crucial role in shaping the Federal Reserve’s (Fed) monetary policy outlook. These inflation...
