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Trading idea for the Dollar Index (DXY) dated July 26, 2024

During the Asian session on Friday, the dollar index (DXY) continues to consolidate around 104.00. The volatility of currency pairs is low, as traders expect the publication of important macroeconomic data from the United States, which may affect the prospec... Read more on Indexaco...

USD/JPY is near the 153.65 mark, while the yen remains stable due to neutral macroeconomic statistics, which in this case plays the role of support.

The consumer price index in Tokyo remained at 2.3% year-on-year, while the core index excluding fuel and food prices increased slightly from 2.1% to 2.2%. The pri... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 26, 2024

Desire is not harmful, its absence is harmful. Donald Trump is aiming for a weak dollar, but the facts tell a different story: from a fundamental point of view, the American currency is not overvalued. Finance Minister Janet Yellen notes that in recent years the... Read more on Indexaco...

EUR/USD: macroeconomic data did not contribute to the strengthening of the euro

Although the US dollar is showing a decline, the EUR/USD exchange rate continues to follow the corrective trend, being at the level of 1.0837.

The latest macroeconomic data did not support the euro: in July, the business activity in... Read more on Indexaco...

GBP/USD analysis on July 25, 2024

After a significant increase at the beginning of the month, this week, against the background of the correction of the US dollar, the quotes of the GBP/USD pair turned down. During Thursday's Asian session, the pair is trading near the 1.2888 level.

The movement of sterling is ... Read more on Indexaco...

On Thursday, AUD/USD stabilized near the 0.6547 mark and continues to form the "expanding formation" pattern with dynamic boundaries between 0.6800 and 0.6300.

Analysts are discussing possible steps by the Australian monetary authorities. Deutsche Bank points to household doubts about achieving the inflation t... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 25, 2024

The recent rise in the EUR/USD exchange rate from support at 1.825-1.0835 was triggered by rumors of an economic cooling in the United States and the beginning of Kamala Harris's "honeymoon". However, positive US PMI data and a drop in stock indices through curr... Read more on Indexaco...

EUR/USD: analysts' expectations on the EU economy have not been met

The EUR/USD exchange rate is falling against the background of the weakening of the US dollar, reaching the level of 1.0832.

Macroeconomic data did not confirm expectations, putting pressure on the euro: in July, the business activity index in ... Read more on Indexaco...

On Wednesday, USD/JPY is in a short-term downtrend and is trading at 154.58, which investors see as a correction due to currency interventions by the Bank of Japan.

Japan's macroeconomic data remains weak. The core consumer price index remained at 2.1% compared to the same indicator a year earlier. The index o... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 24, 2024

July turned out to be a month of struggle between the Fed's monetary policy and the political risks associated with Donald Trump. In the first half of the month, the weakening of the labor market and inflation in the United States increased the likelihood of a r... Read more on Indexaco...

EUR/USD: ECB rates will remain high until 2% inflation

During the Asian trading session, the EUR/USD rate retreated from the upper limit of the ascending channel 1.0960–1.0710, stabilizing near the level of 1.0889.

The European Central Bank (ECB) intends to maintain high interest rates until inflation returns t... Read more on Indexaco...

After a significant increase last week, on Tuesday, GBP/USD begins to decline against the background of the strengthening of the US dollar and is trading near the level of 1.2927.

Preliminary data on UK business activity indices will be published tomorrow at 10:30 (GMT+2). Analysts predict that in July the ind... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 23, 2024

Investors were completely carried away by the "Trump trade", considering it to be pro-inflationary and favorable for bitcoin, gold, shares of small companies and banks. They believe that it is necessary to get rid of treasuries with long circulation periods, as ... Read more on Indexaco...

USD/CAD: Biden's refusal to participate in the elections strengthened the dollar

Amid the active strengthening of the US dollar, the USD/CAD currency pair is experiencing growth, approaching the 1.3730 mark.

The Canadian dollar did not find support after the recent publication of retail sales data, which showed... Read more on Indexaco...

AUD/USD analysis on July 22, 2024

On Monday, amid the strengthening of the US dollar, AUD/USD is declining and is currently trading near the 0.6664 mark.

The Australian currency weakened after the publication of labor market data for last week, where the seasonally adjusted unemployment rate rose from 4.0% to 4... Read more on Indexaco...

USD/CAD analysis on July 22, 2024

Against the background of a sharp rise in the US dollar, the USD/CAD pair is strengthening, and it is trading around 1.3730 in the Asian session on Monday.

The Canadian currency weakened after the publication of retail sales data. In May, the indicator decreased by 0.8% to 66.1... Read more on Indexaco...

During Monday's Asian session, USD/JPY is trading near the level of 157.12, moving further away from the support line of the channel 161.70–156.00.

The Japanese yen continues to weaken amid reports on foreign trade. In June, exports grew by 5.4%, which is lower than the projected 6.4% and May's 13.5%, showing ... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 22, 2024

The softening of the ECB's rhetoric, a decrease in global risk appetite and Trump's trade policy helped the USD index show the best dynamics over the past six weeks. However, Joe Biden's exit from the presidential race was an unexpected factor that will add vola... Read more on Indexaco...

On Friday, against the background of the strengthening of the US dollar. AUD/USD is rolling back down, and at the moment it is trading around the key level of 0.6700

Fresh June data from the Australian labor market showed minor changes, which, nevertheless, failed to support the national currency. Seasonally a... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on July 19, 2024

Everyone interprets the words in their own way. Christine Lagarde did not seem to say anything new: she did not hint at easing the ECB's monetary policy at the next meetings, but called the September meeting important. She noted the weakness of the Eurozone econ... Read more on Indexaco...