EUR/USD Under Pressure

In focus today This morning at 8:00 CET we get inflation data for December from the UK, where consensus expects both headline and core inflation to ease further on a yearly basis. Key will be how service inflation develops as this remains an important input for the Bank of England to determine underlying inflation pressures. […]

The USDJPY pair fluctuated around the 156.15-156.20 level on Monday. The pair recently bounced off the lower boundary of a long-term upward channel but faced resistance near 156.55-156.60. If the pair breaks above this level, it could rise toward 157.00 and potentially higher to 158.00 or the recent high of 158.85. On the downside, strong […]

Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the $72.50 resistance. EUR/USD is consolidating losses near the 1.0520 level. Gold Price Technical Analysis Gold prices remained well-bid near the […]