Fresh-Forexcast2004

Fresh-Forexcast2004

Events to pay attention today: 12:00 EET. EUR - Foreign trade balance 17:00 EET. USD - University of Michigan Consumer Sentiment Index EURUSD : EUR/USD interrupted its four-day winning streak, retreating from 1.16310, its highest level since October 2021, and is currently trading around 1.15300 in Asian hours on Friday. The pair is depreciating as the US...

Fresh-Forexcast2004

The Japanese Yen (JPY) is strengthening for the second day in a row against a weakened US Dollar (USD) and is moving further away from the two-week low reached the day before. The market's initial reaction to news of trade talks between the US and China faded rather quickly after US President Donald Trump threatened new tariffs. This, along with rising...

Fresh-Forexcast2004

The GBP/USD pair continues to decline to around 1.34750 during Wednesday's Asian trading session. The pound sterling (GBP) is weakening against the US dollar (USD) due to a weaker UK employment report. Later on Wednesday, attention will shift to the US Consumer Price Index (CPI) for May. The ILO unemployment rate in the UK rose to 4.6% in the three months to...

Fresh-Forexcast2004

An Event to pay attention today: 13:00 EET. USD - NFIB Small Business Optimism Index EURUSD: The EUR/USD pair is struggling to capitalise on the previous day's gains and is attracting new sellers around 1.1435 during Tuesday's Asian session. The intraday decline is driven by solid demand for the US dollar (USD) and has pushed spot prices below 1.1400 in the...

Fresh-Forexcast2004

The Japanese Yen (JPY) is rising at the start of the new week, reacting to upward revisions to Japan's first quarter GDP data. This comes amid signs of rising inflation in Japan and confirmation of bets that the Bank of Japan (BoJ) will continue to raise interest rates, which in turn provides a slight boost to the JPY. In addition, a modest decline in the US...

Fresh-Forexcast2004

The GBP/USD pair is trading near 1.3570 with little movement ahead of the US (US) labor market data. The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is trading above around 98.80 at the time of writing. The upcoming US non-farm payrolls data for May is expected to add 130,000 jobs, down from April's 177,000. The...

Fresh-Forexcast2004

The EUR/USD pair is trading cautiously, slightly above the key level of 1.14000 during Thursday's Asian trading session. The major currency pair is expected to remain in a sideways trend as investors await the European Central Bank's (ECB) interest rate decision. The ECB is almost certain to cut its key lending rates by 25 basis points (bps), bringing the deposit...

Fresh-Forexcast2004

May 2025 turned out to be a landmark month for the U.S. stock market. Several top companies posted impressive gains driven by explosive demand for AI technologies, advancements in autonomous transport, and strong corporate strategy. Here are the five market leaders that set the tone in May: 1. Nvidia – The AI Powerhouse Nvidia (#NVIDIA) surged 25% in...

Fresh-Forexcast2004

Events to pay attention today: 17:00 EET. USD - ISM Services Business Activity Index 15:15 EET. USD - ADP Employment Change USDJPY: The Japanese yen (JPY) is attracting some intraday buyers after falling against the US dollar during the Asian session, and, at least for now, it seems that its pullback from the weekly high reached yesterday has paused. An...

Fresh-Forexcast2004

The GBP/USD pair attracted sellers during Tuesday's Asian session and broke part of a strong overnight move up towards the 1.3560 area, or multi-day peak. The U.S. Dollar Index (DXY), which tracks the dollar against a basket of currencies, rebounded from a six-week low reached on Monday and proved to be a key factor putting downward pressure on the GBP/USD...

Fresh-Forexcast2004

EUR/USD is recovering its recent losses recorded during the previous session, trading around 1.13700 on Monday during Asian hours. The pair is strengthening amid a weakening US dollar (USD) after the US Court of Appeals ruled on Thursday to allow US President Donald Trump's tariffs to take effect. On Wednesday, a panel of three judges at the International Trade...

Fresh-Forexcast2004

The Japanese yen (JPY) attracted strong follow-through buying for the second consecutive day on Friday and continued to recover from a two-week low reached the previous day against the US dollar. Global risk sentiment deteriorated after a federal appeals court on Thursday suspended a recent ruling blocking US President Donald Trump's radical tariffs. This is...

Fresh-Forexcast2004

Event to pay attention today: 15:30 EET. USD - Initial jobless claims 22:00 EET. USD - Bank of England Governor Andrew Bailey will deliver a speech. GBPUSD: GBP/USD pared further gains on Wednesday, stumbling for the second session in a row and falling below 1.3500 after failing to regain 1.3600 earlier this week. Sterling markets are retreating from the...

Fresh-Forexcast2004

The EUR/USD pair retreated below 1.1400 for the second consecutive day, helped by a recovery in the US Dollar (USD) following the release of a positive consumer confidence report. Risk appetite increased as market participants digested the news that US President Donald Trump said that trade talks between the United States (US) and the European Union (EU) have...

Fresh-Forexcast2004

In 2025, oil prices declined due to rising output from OPEC+ countries, growing inventories in the U.S., weakening global demand, a stronger dollar, and ongoing trade tensions between major economies. Further pressure came from OPEC+’s plan to boost production by 411,000 barrels per day — three times more than previously scheduled. A final decision is expected at...

Fresh-Forexcast2004

The Japanese yen (JPY) is attracting fresh buyers in Tuesday's Asian session following the release of strong inflation data. Additionally, comments from Bank of Japan Governor Kazuo Ueda left the door open for further policy tightening by the central bank. This is in sharp contrast to expectations that the Federal Reserve (Fed) will continue to cut interest rates...

Fresh-Forexcast2004

GBPUSD: The GBP/USD pair is building on last week's strong upward movement and gaining positive momentum during Monday's Asian session. This momentum is lifting spot prices above the 1.3550 level, to the highest level since February 2022, and is supported by a combination of factors. The British Pound (GBP) continues to show relative outperformance on the back...

Fresh-Forexcast2004

On May 22, 2025, Bitcoin (#BTCUSD) reached a new all-time high, surpassing the $111,000 mark. Notably, this record was set on the day marking the 15th anniversary of Bitcoin Pizza Day - a symbolic date commemorating the first real-world purchase made with #BTCUSD in 2010. Several major factors have contributed to the recent rise of Bitcoin: Institutional...