Author: Omada Admin
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 149.33; (P) 150.14; (R1) 150.72; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Strong resistance is still expected from 150.92 to complete the corrective recovery from 146.52. On the downside break of 148.17 support will bring retest of 146.52 first. Sustained trading below 61.8% retracement of 139.57 to 158.86…
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8801; (P) 0.8825; (R1) 0.8850; More… USD/CHF is staying in consolidation from 0.8757 and intraday bias stays neutral. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at…
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0769; (P) 1.0800; (R1) 1.0822; More… Intraday bias in EUR/USD Is back on the downside, with breach of 1.0775 temporary low. Corrective fall from 1.0953 is extending lower, but downside should be contained by 38.2% retracement of 1.0358 to 1.0953 at 1.0726 to bring rebound. On the upside, break of 1.0953 will…
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Sterling Lags After CPI Miss, But BoE Rate Cut to Stay Gradual
Sterling fell broadly today after UK’s February CPI came in slightly below expectations. However, the selloff has been contained, with markets still expecting the BoE to proceed cautiously with policy easing. In particular, services inflation remained sticky at 5%, signaling that underlying price pressures are not abating as quickly as hoped. Some economists argue that…
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GBPUSD: UK Inflation Shock & Dollar Resilience Shape Market Outlook
Fundamental Analysis: UK Inflation and Monetary Policy Expectations Key Takeaways: UK inflation miss (2.8% YoY) pressures GBP, but sticky services inflation (5%) tempers BoE rate cut bets. Fiscal policy in focus: UK Spring Statement’s spending cuts may limit growth, keeping GBP vulnerable. USD resilience persists despite tariff risks, with PCE data as next catalyst. Critical…
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UK Inflation Declines
Today, the latest UK Consumer Price Index (CPI) figures were released. According to ForexFactory: The actual annual CPI came in at 2.8%, Analysts had expected it to remain at the previous level of 3.0%. As a result, the British pound weakened, and a slight spike in volatility was observed on the FTSE 100 stock index…
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GBP/USD: Cable Eases After Soft CPI Data But Still Lacks Clearer Direction Signals
Cable fell to two-week low on Wednesday on softer than expected UK February inflation data that fuel expectations for BoE rate cut in May. Fresh weakness pressure support at 1.2883 (20DMA / last Friday’s low) break of which to open way for deeper correction (dips from new multi-month high at 1.3014 were so far shallow)…
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EUR/USD’s Euphoria Wanes
EUR/USD pulls back ahead of April 2 tariffs. Support at 1.0765; mixed technical signals. Bearish confirmation below 1.0565. EURUSD has extended its retreat from the five-month high of 1.0953, trading lower for the second consecutive week, with the bears steering the price toward the key support near 1.0770. The latest explosive vertical rally stalled below…
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EUR/USD Retreats, USD/JPY Eyes Fresh Surge
EUR/USD declined from the 1.0950 resistance and traded below 1.0850. USD/JPY is rising and might gain pace above the 151.00 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0850 support zone. There is a key bearish trend line forming with resistance at 1.0820 on the hourly…
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USD/JPY Rises Again: Yen Lacks Support as Bulls Take Control
The USD/JPY pair climbed to 150.37 on Wednesday, indicating a fading correction from the previous session as trading volumes declined. Key drivers behind the USD/JPY surge Investors are shunning risk ahead of potential US retaliatory tariffs, which could weigh on Japanese exports – a key pillar of the economy. Meanwhile, demand for risk assets, including…