Fresh-Forexcast2004

Fresh-Forexcast2004

The Japanese yen (JPY) jumped to a two-week high against its U.S. counterpart on Wednesday amid speculation that Japan's financial authorities stepped in again, for the second time in a week, to support the domestic currency. This came amid a sell-off in the US dollar (USD) following the FOMC meeting and took the USD/JPY pair to 153.000. The yen, however, trimmed...

Fresh-Forexcast2004

Events to watch out for today: 17:00 GMT+3. USD - ISM manufacturing index 21:00 GMT+3. USD - FOMC decision on the key interest rate GBPUSD: GBPUSD is holding below 1.2490 during the early Asian session on Wednesday. The major pair's decline is supported by a strengthening US Dollar (USD) amid cautious sentiment ahead of the US Federal Reserve's (Fed)...

Fresh-Forexcast2004

Event to pay attention to today: 09:45 GMT+3. EUR - HICP y/y 11:00 GMT+3. EUR - GDP y/y On Monday, the EUR/USD fluctuated near 1.07200, after a narrow but lopsided range as markets came to terms with the expectation of Wednesday's US Federal Reserve (Fed) meeting. Investors generally expect US rates to remain unchanged this week, but traders will be looking...

Fresh-Forexcast2004

The Japanese yen (JPY) remains under heavy selling pressure on the first day of the new week, pushing the USD/JPY pair above the psychological 160.00 mark for the first time since October 1986. The significant divergence in the Bank of Japan's policy outlook and the Fed's hawkish expectations continue to undermine the yen amid relatively low liquidity amid the...

Fresh-Forexcast2004

The GBP/USD pair is trading on a weak note around 1.2502 in the early hours of Asian trading on Friday. A moderate rise in the US Dollar (USD) is weighing on the major pair despite weak US GDP growth data. On Friday, the focus will be on the Personal Consumption Expenditure (PCE) price index data. On Thursday, the US economy grew at a slower pace of 1.6% in the...

Fresh-Forexcast2004

The Euro-dollar pair is holding near the psychological 1.07000 level on Thursday during the early Asian session. The moderate rise in the major pair is supported by the weakening US dollar (USD). Later in the day, the preliminary US gross domestic product (GDP) growth figure will be released. On Wednesday, the U.S. Commerce Department reported that orders for...

Fresh-Forexcast2004

The Japanese Yen (JPY) continues to struggle to make a significant recovery and languished near multi-decade lows against its US counterpart during Wednesday's Asian session. Traders seem reluctant to make a decision and prefer to wait for an important Bank of Japan (BoJ) decision on Friday. In addition, this week investors will face the release of the advance...

Fresh-Forexcast2004

The Pound-Dollar pair remains on the defensive near 1.23500, its lowest since mid-November, in Tuesday's early Asian session. The US Dollar Index (DXY) is consolidating above 106.10 as traders await the preliminary S&P Global purchasing managers' index (PMI) data from the US and UK for April. Federal Reserve (Fed) policymakers agreed that US inflation is slowly...

Fresh-Forexcast2004

The EUR/USD pair trades on a stronger note around 1.06650 during the early Asian session on Monday. However, the pair’s upside might be limited due to the commentary from Federal Reserve (Fed) officials suggesting a shift to an increasingly hawkish stance. Investors will keep an eye on the preliminary Eurozone HCOB PMI for April on Tuesday ahead of the final...

Fresh-Forexcast2004

The USD/JPY is attracting some sellers around the 154.150 level in early Asian trading on Friday. Risk-off sentiment and rising tensions between Israel and Iran are boosting safe-haven flows, favouring the Japanese Yen (JPY). However, strong US economic data and any hawkish comments from Federal Reserve (Fed) officials may limit the pair's near-term gains. The...

Fresh-Forexcast2004

On April 12, gold once again set a record, surpassing the $2400 per ounce mark. Since the beginning of the year, XAUUSD has already risen by +15%, which currently outpaces the US stock market nearly threefold (Nasdaq 100 and S&P 500 are currently showing growth of around 6%). Against the backdrop of this historical surge, experts predict further price hikes for...

Fresh-Forexcast2004

Event to pay attention to today: 17:00 GMT+3. USD - Existing Home Sales The GBP/USD pair is trading at 1.24500 in the early hours of Asian trading on Thursday. Weaker UK inflation data has led to expectations that the Bank of England (BoE) will start cutting interest rates in the coming months, which is negatively affecting the Pound Sterling (GBP) against the...

Fresh-Forexcast2004

EURUSD: Event to pay attention to today: 12:00 GMT+3. EUR - Core CPI m/m The EUR/USD continued to decline near 1.0620 in the early Asian session on Wednesday. However, comments from Federal Reserve (Fed) officials and safe-haven flows could strengthen the US Dollar (USD) and limit EUR/USD's near-term gains. On Tuesday, Fed Chairman Jerome Powell said that...

Fresh-Forexcast2004

The Japanese yen (JPY) fails to gain meaningful momentum during Tuesday's Asian session and languishes near the 34-year low reached against the U.S. currency the day before. Monday saw a report that the Bank of Japan (BoJ) will focus less on inflation and shift to a more discretionary approach in setting monetary policy. Meanwhile, BoJ Governor Kazuo Ueda said...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Change in retail trade volume GBPUSD: The GBPUSD pair is strengthening on the back of a stable US Dollar (USD), trading near 1.2460 during Asian hours on Monday. The US Dollar (USD) remains below its highest level since November 2023, potentially limiting the GBP/USD pair's upward momentum. The US Dollar...

Fresh-Forexcast2004

Events to watch out for today: 17:00 EET. USD - Consumer Sentiment Index from the University of Michigan 21:30 EET. USD - FOMC member Rafael Bostic will give a speech 22:30 EET. USD - FOMC member Mary Daly will give a speech EURUSD: EUR/USD is trading near 1.0720 on Friday in the early Asian session. A moderate recovery in the US dollar (USD) amid growing...

Fresh-Forexcast2004

S&P 500, the key stock index comprising shares of the 500 largest publicly traded companies in the US, showed a growth of 23% in 2023, and has already added 9% since the beginning of this year, as can be clearly seen on the chart. FreshForex analysts have highlighted the following growth factors: Stable economic growth in the US and significant corporate...

Fresh-Forexcast2004

Events to watch out for today: 15:30 EET. USD - Number of initial applications for unemployment benefits / Producer price index 19:30 EET. GBP - Bank of England MPC member Megan Green will deliver a speech 20:30 EET. USD - FOMC member Rafael Bostic will give a speech GBPUSD: GBP/USD remains under selling pressure near 1.2540 after rebounding from the 2024...