USD/JPY Slips Further—Market Eyes Key Support Levels Ahead

In anticipation of the release of one of the most important reports, the NonFarm Payrolls, the US currency has suffered losses across almost all fronts. Earlier this week, the EUR/USD currency pair tested and settled above 1.0800, GBP/USD traded above 1.2700, and USD/CAD fell back to 1.3610. Today, we might see either continued corrective pullbacks […]

First, the US east and gulf ports went on a strike on Tuesday, as expected. It will cause supply disruptions and increase the price pressures before November presidential elections. And we know from the beginning that there won’t be a quick end to the negotiations because the Biden administration is not willing to intervene in […]

Key Highlights GBP/USD is holding the 1.2620 and 1.2600 support levels. A key declining channel is forming with resistance near 1.2700 on the 4-hour chart. EUR/USD extended losses toward 1.0800 and remains at risk of more downsides. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). GBP/USD Technical Analysis The British […]