The US dollar has declined over the past couple of days, with the 50-day EMA acting as resistance. This suggests continued downward pressure, with the USD likely to target the 7.7875
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The US dollar has been a little bit soft against the Swiss Franc again during the trading session on Monday, but we continue to pay close attention to the 0.84 level.
Gold initially did try to rally a bit during the Monday session, but it looks like we are stalling a bit.
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The USD/SGD in early trading this morning continues to show an appetite for bearish appetite from financial institutions as short-term speculators deal with the selling trajectory.
The AUD/USD pair continued its slow recovery as the US dollar weakness gained steam ahead of the Federal Reserve interest rate decision.
The GBP/USD pair made a strong bullish breakout ahead of a busy week in the market when the Fed and BoE will deliver their decisions.
Bitcoin looks difficult to predict today, but there is a weak medium-term bullish trend and a market nervous of being long of the USD, so looking for long trades may be the better bias.
The EUR/USD exchange rate continued rising after the European Central Bank (ECB) delivered its second interest rate cut and as the Federal Reserve prepared for its first cut in over four years.
USD/INR pair has pulled back rather significantly.
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The CAC 40 hangs around the €7500 level, which is an area that is of course a large, round, psychologically significant figure, and of course an area that we have seen a lot of action at previously.
The GBP/USD pair does in fact look very bullish.
The first thing I see is that this asset has rallied quite nicely, but it is still very much in a range that is somewhat well-defined.
The CAD/JPY pair looks like it is hanging on by a thread.
The Turkish lira depreciated against the US dollar during today's trading, following limited gains recorded by the Turkish currency over the past weekend.
At the beginning of this week, the GBP/USD pair was trading around $1.3158, up by about 0.2% from the previous Friday's levels.