UK retail sales volumes jumped 1.8% mom in January, far exceeding expectations of 0.2% and marking the largest monthly increase since May 2024. The rebound suggests consumers began the year on firmer footing despite broader concerns over slowing growth. On an annual basis, sales volumes rose 4.5% yoy, pointing to solid underlying demand. Over the…
In today’s Market Outlook, let’s take a look at Forex Trading on USDCAD, Silver, XAGUSD, Gold, XAUUSD, Brent Crude, and WTI Crude Oil. We can see that the last two days of price action have been quite bullish in the Crude Oil Market. Why is that? Inflamed geopolitical tensions between the U.S. and Iran are…
Daily Pivots: (S1) 154.58; (P) 154.96; (R1) 155.38; More… USD/JPY’s rally from 152.25 continues today and intraday bias stays on the upside for 157.65 resistance first. Break there will target a retest on 159.44 high. On the downside, below 154.33 minor support will turn intraday bias neutral and bring consolidations. Overall, with 38.2% retracement of…
GBP/JPY is a historically popular pair in Forex trading, as it is one of the most volatile products to trade and captures geographic dynamics and risk-on/risk-off flows. The pair once again stands at a key inflection point, right after a historic run back to 2008 levels, and can offer quite interesting setups amid elevated market…
BitcoinWorldForex Volatility Surge: PMI Reports and US GDP Data Trigger Critical Market Movements Global currency markets brace for significant volatility this week as Purchasing Managers’ Index (PMI) reports from major economies and crucial US Gross Domestic Product (GDP) data converge to create potentially market-moving conditions. Forex traders worldwide monitor these economic indicators closely, anticipating substantial…
USD/JPY’s strong rebound last week suggests that fall from 157.65 has completed at 152.25. Initial bias is turned neutral this week firs. On the upside, above 155.63 will resume the rally from 152.25 and target 157.65 first. Overall, with 38.2% retracement of 139.87 to 159.44 at 151.96 intact, rise from 139.87 is expected to resume…
EUR/USD’s fall from 1.2081 extended lower last week but recovered after hitting 1.1740. Initial bias is turned neutral this week first. But risk will stay on the downside as long as 1.1928 resistance holds. Below 1.1740 will target 1.1576 support next. Firm break there should confirm rejection by 1.2 key psychological level and turn near…
Daily Pivots: (S1) 0.8729; (P) 0.8740; (R1) 0.8756; More… Intraday bias in EUR/GBP remains neutral with focus on 0.8744 resistance. Decisive break there should confirm that fall from 0.8863 has completed as a correction. Further rally should then be seen back to retest 0.8863 high. On the downside, sustained break of 38.2% retracement of 0.8221…
Daily Pivots: (S1) 181.94; (P) 182.54; (R1) 183.08; More… Intraday bias in EUR/JPY remains mildly on the upside for the moment. Corrective fall from 186.86 could have completed after drawing support from 38.2% retracement of 172.24 to 186.86 at 181.27. Further rise should be seen to retest 186.22/186.86 resistance zone first. One the downside, however,…
JPY and EUR are giving back their safe-haven status to USD. USDJPY is rising amid slowing Japan inflation. Growing geopolitical tensions in the Middle East and the Fed’s reluctance to resume its cycle of monetary expansion are driving the US dollar towards its best weekly performance in four months. According to a Wall Street Journal…