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Friday, January 24, 2025

European Markets Wrap-Up: USD/JPY pares losses on the day, buyers still hold the line at the 155.00 level

USD/JPY pares losses on the day, buyers still hold the line at the 155.00 level

USD/JPY hourly chart It's been a back and forth day for the pair as traders are still working out what to make of things after the BOJ policy decision today. On the one hand, the dollar remains softer... 

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GBPUSD Technical Analysis – The USD eases further on positive tariffs news

Fundamental Overview The USD continues to lose ground as the tariffs fears ease. In fact, tonight Trump said that he would rather not use tariffs on China which triggered more weakness in the greenbac... 

UK January CBI retailing reported sales -24 vs -15 prior

UK retailers reported a sharp drop in sales volumes to start the year as the glum mood continues since last year. The expected sales for next month also fell from -11 to -26, highlighting that retaile... 

EURUSD Technical Analysis – Easing in tariffs risk weakens the USD

Fundamental Overview The USD continues to lose ground as the tariffs fears ease. In fact, tonight Trump said that he would rather not use tariffs on China which triggered more weakness in the greenbac... 

UK January flash services PMI 51.2 vs 50.9 expected

Services PMI 51.2 vs 50.9 expected and 51.1 prior. Manufacturing PMI 48.2 vs 47.0 expected and 47.0 prior. Composite PMI 50.9 vs 50.0 expected and 50.4 prior. All the indices jumped to a 3-month high.... 

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FX option expiries for 24 January 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . And they are for EUR/USD at the 1.0400 and 1.0480 levels. The pair is currently running into some short-term resistance aro... 

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