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29 01, 2026

The EURJPY awaits the bullish momentum– Forecast today – 29-1-2026

By |2026-01-29T11:42:53+02:00January 29, 2026|Forex News, News|0 Comments

The EURJPY pair repeated providing sideways trading since yesterday, due to the contradiction between the main indicators, to keep its stability near 183.45, taking advantage of forming extra support at 182.70 level.

 

In general, the stability above the main bullish channel’s support at 182.15 makes us wait for gathering bullish momentum to allow it to surpass 184.00 barrier, to confirm its readiness to record extra gains that might begin at 184.55 and 184.85.

 

The expected trading range for today is between 182.80 and 184.00

 

Trend forecast: Bullish

 



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29 01, 2026

Platinum price repeats the sideways fluctuation– Forecast today – 28-1-2026

By |2026-01-29T07:47:17+02:00January 29, 2026|Forex News, News|0 Comments


 

Copper price repeatedly provided sideways trading in the last period, affected by the contradiction between the main indicators, which forces it to settle below $5.9700 barrier, which obstructs the chances of resuming the bullish trend.

 

All that confirms the price surrender to sideways trading, to keep waiting to achieve the required breach, to open the way for recording new gains by its rally towards $6.1200 reaching the next target at $6.2400.

 

The expected trading range for today is between $5.7500 and $6.1200

 

Trend forecast: Sideways until achieving the breach





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29 01, 2026

GBP/USD Forecast: Pound Sterling Dips as Trump Comments Slow Dollar Slide

By |2026-01-29T07:41:49+02:00January 29, 2026|Forex News, News|0 Comments


– Written by

The Pound to US Dollar exchange rate (GBP/USD) edged lower during Wednesday’s European session, easing after briefly touching its strongest levels in nearly four years.

At the time of writing, GBP/USD was trading close to $1.3786, down roughly 0.4% from the start of the day’s trade.

After tumbling to fresh multi-year lows late on Tuesday, the US Dollar (USD) found some footing on Wednesday, recovering a fraction of its recent losses.

The greenback has faced sustained selling pressure over the past ten days, shedding around 3% since mid-January. Confidence in the currency has been undermined by ongoing uncertainty surrounding US trade, foreign and economic policy.

Losses deepened overnight after President Donald Trump appeared to welcome the Dollar’s decline, describing the move as ‘great’ and suggesting the currency should be allowed to ‘find its own level’.

By Wednesday morning, however, some USD investors began to reassess positions as attention shifted to the Federal Reserve’s upcoming interest rate decision.

While no change in policy is expected from the Fed at its first meeting of the year, the prospect of firmer guidance was enough to lend the Dollar some modest support.

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The Pound (GBP) struggled to hold its ground against most major counterparts on Wednesday.

With no significant UK economic releases on the calendar, Sterling found itself short of fresh drivers, leaving it vulnerable to shifts in broader market sentiment.

Adding to the pressure, expectations for Bank of England (BoE) interest rates were nudged slightly lower, despite a run of stronger-than-forecast UK data releases last week.

GBP/USD Forecast: Political Deadlock to Weigh on the Dollar?

As the week progresses, the Pound to US Dollar exchange rate could regain upward momentum if political risks in Washington intensify.

Ongoing disputes between Senate Democrats and Republicans over Department of Homeland Security funding mean a partial government shutdown appears increasingly likely when current funding expires on Saturday. Such concerns are continuing to inflate the US Dollar’s risk premium.

Meanwhile, with the UK data calendar remaining thin, movements in Sterling are likely to stay closely tied to wider global market dynamics.

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29 01, 2026

Natural gas price repeats the negative closing– Forecast today – 28-1-2026

By |2026-01-29T03:45:51+02:00January 29, 2026|Forex News, News|0 Comments


Natural gas price repeatedly provided negative close below the broken support at $4.100 level, forming a new resistance against the current trading, and stochastic attempt to provide negative momentum by reaching below 50 level will force the price to form new bearish waves, reaching $3.450 and surpassing it might force it to decline towards $3.220, to test high liquidity grab zones.

 

While the rally above $4.100 and providing bullish close will increase the chances of forming new bullish waves, to attempt to reach $3.370 initially, then waiting for targeting %38.2 Fibonacci correction level near $4.750.

 

The expected trading range for today is between $3.450 and $4.100

 

Trend forecast: Bearish

 

 





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29 01, 2026

EUR/USD, USD/CAD and USD/JPY Forecasts – Central Banks Dominate Price Action

By |2026-01-29T03:41:01+02:00January 29, 2026|Forex News, News|0 Comments

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28 01, 2026

XAG/USD remains above $115.00 due to safe-haven demand

By |2026-01-28T23:44:45+02:00January 28, 2026|Forex News, News|0 Comments


Silver price (XAG/USD) continues its winning streak for the fifth consecutive session, trading around $115.10 per troy ounce during the early European hours on Wednesday. Safe-haven silver rises toward its January 26 record high of $117.74 as investors shifted into defensive assets.

Precious metals, including Silver attract investors following President Donald Trump’s remarks that he is unconcerned about the USD’s recent slide, strengthened expectations that the administration is comfortable with a weaker greenback to boost export competitiveness.

Ongoing policy uncertainty in Washington, including tariff threats and challenges to the Federal Reserve’s (Fed) independence, along with the “Sell America” narrative, continues to dominate sentiment, further supporting gains in precious metals.

The Federal Reserve is expected to leave rates steady at 3.50%–3.75% after its two-day meeting on Wednesday, following three straight cuts in 2025. Attention will turn to the post-meeting press conference for signals on the policy path ahead.

Citi Commodities Research global head Maximillian J. Layton said that Silver is poised to extend its outperformance after breaking above $100.00 per troy ounce. Layton said bullish drivers, including elevated geopolitical risks and renewed concerns over Federal Reserve independence, are likely to persist in the near term. Citi has raised its three-month Silver price forecast to $150.00 from $100.00 previously, per Dow Jones Newswires.

In China, a pure-play Silver fund halted trading after a surge in demand drove its premium far above the value of its underlying assets. Silver has attracted strong retail interest as prices continue to rally, prompting manufacturers to shift production from jewelry toward one-kilogram Silver bars.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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28 01, 2026

Euro Breaks a Major Barrier

By |2026-01-28T23:40:19+02:00January 28, 2026|Forex News, News|0 Comments

The Euro has finally made a decision to break out. However, the one problem is that it did it the day before a FOMC press conference. Still a bullish look though.

EUR/USD

The Euro has actually done something for once. This is a pair that as an analyst it is very painful to cover at times because it has a history of doing a lot of nothing, jumping for a few weeks, and then doing more nothing. That being said, we have broken above an area on the EUR/USD currency pair that I have had circled since about September 17. This was when Jerome Powell’s press conference really rattled the market. Well, we are above there now, which is a very good sign for the Euro.

When you take the technical analysis from the consolidation area, it is 450 pips, give or take a few. That suggests that we could go to the 1.23 level. So I look at this and I realize that it is an area that has mattered more than once. This is an area that has been a significant top multiple times going back about a decade, and then you can see that there is action all the way back to 2015, and even 2012 and 2010. In other words, it is an area that the market likes.

The FOMC Factor

I think that might be where we head because technical analysis suggests that, momentum suggests that, but I don’t think we have all clear quite yet. Quite frankly, we have a press conference after the FOMC decision on Wednesday and Jerome Powell could really throw a monkey wrench into this not even meaning to. If he starts talking about sticky inflation, that has people pushing back the time frame of Federal Reserve cuts even further.

So, we will have to see how that plays out. I think a pullback towards the 1.18 level or maybe 1.1850 offers a bit of an opportunity, but you have to see the bounce first. Again, it wouldn’t surprise me for this pair to go to 1.23. We have probably seen it 10 to 12 times in my career, so it is a familiar level.

Ready to trade our EUR/USD analysis and predictions? Here are the best European brokers to choose from.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

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28 01, 2026

United Kingdom’s Green Coffee Market Forecast Shows Modest 1.6% CAGR Value Growth Amid Shifting Trade Patterns – News and Statistics

By |2026-01-28T19:43:39+02:00January 28, 2026|Forex News, News|0 Comments


Jan 28, 2026

IndexBox has just published a new report: United Kingdom – Coffee (Green) – Market Analysis, Forecast, Size, Trends and Insights.

The UK green coffee market saw a significant contraction in consumption and imports in 2024, with consumption falling to 120K tons and imports to 146K tons. However, exports surged by 34% to 26K tons. Brazil remains the dominant import source, while Germany, France, and Belgium are the top export destinations. The market value is forecast to grow at a CAGR of +1.6% to $588M by 2035, despite a modest volume CAGR of +0.2%. Import and export prices rose sharply in 2024, indicating changing market dynamics.

Key Findings

  • UK green coffee consumption dropped sharply to 120K tons in 2024, a -15.1% decrease from the previous year
  • Market value is forecast for modest growth with a +1.6% CAGR, projected to reach $588M by 2035
  • Brazil is the leading import source, supplying 44% of UK’s green coffee imports by volume
  • Exports grew robustly by 34% in 2024, with Germany, France, and Belgium as the primary destinations
  • Average import price increased significantly by 14% to $4,482 per ton in 2024

Market Forecast

Driven by rising demand for green coffee in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2024 to 2035, which is projected to bring the market volume to 123K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market value to $588M (in nominal wholesale prices) by the end of 2035.

Consumption

United Kingdom’s Consumption of Green Coffee

In 2024, the amount of coffee (green) consumed in the UK fell rapidly to 120K tons, reducing by -15.1% compared with 2023. In general, consumption saw a slight setback. As a result, consumption reached the peak volume of 182K tons. From 2019 to 2024, the growth of the consumption failed to regain momentum.

The revenue of the green coffee market in the UK reduced to $496M in 2024, dropping by -7.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $586M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

Imports

United Kingdom’s Imports of Green Coffee

In 2024, imports of coffee (green) into the UK fell to 146K tons, waning by -9.2% on 2023 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 66%. As a result, imports reached the peak of 193K tons. From 2019 to 2024, the growth of imports remained at a somewhat lower figure.

In value terms, green coffee imports rose slightly to $654M in 2024. Over the period under review, total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -8.4% against 2022 indices. The pace of growth appeared the most rapid in 2022 with an increase of 57%. As a result, imports reached the peak of $714M. From 2023 to 2024, the growth of imports remained at a somewhat lower figure.

Imports By Country

In 2024, Brazil (65K tons) constituted the largest green coffee supplier to the UK, accounting for a 44% share of total imports. Moreover, green coffee imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (25K tons), threefold. The third position in this ranking was taken by Colombia (11K tons), with a 7.4% share.

From 2013 to 2024, the average annual growth rate of volume from Brazil stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-4.0% per year) and Colombia (-4.7% per year).

In value terms, Brazil ($258M) constituted the largest supplier of coffee (green) to the UK, comprising 39% of total imports. The second position in the ranking was held by Vietnam ($96M), with a 15% share of total imports. It was followed by Colombia, with a 9.2% share.

From 2013 to 2024, the average annual rate of growth in terms of value from Brazil stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+0.5% per year) and Colombia (-0.9% per year).

Import Prices By Country

In 2024, the average green coffee import price amounted to $4,482 per ton, increasing by 14% against the previous year. In general, import price indicated a pronounced increase from 2013 to 2024: its price increased at an average annual rate of +3.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, green coffee import price increased by +69.5% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 45% against the previous year. The import price peaked in 2024 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2024, amid the top importers, the countries with the highest prices were Ethiopia ($5,774 per ton) and Colombia ($5,584 per ton), while the price for Vietnam ($3,864 per ton) and Indonesia ($3,952 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports

United Kingdom’s Exports of Green Coffee

In 2024, approx. 26K tons of coffee (green) were exported from the UK; growing by 34% on the previous year. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of 101% against the previous year. The exports peaked in 2024 and are expected to retain growth in the near future.

In value terms, green coffee exports skyrocketed to $122M in 2024. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

Germany (6.5K tons), France (6K tons) and Belgium (3.2K tons) were the main destinations of green coffee exports from the UK, together comprising 60% of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +65.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($29M), France ($25M) and Belgium ($15M) constituted the largest markets for green coffee exported from the UK worldwide, with a combined 56% share of total exports.

Belgium, with a CAGR of +59.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices By Country

In 2024, the average green coffee export price amounted to $4,718 per ton, with an increase of 59% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $5,684 per ton in 2014; however, from 2015 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was Poland ($14,865 per ton), while the average price for exports to Italy ($3,837 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides a comprehensive view of the green coffee industry in the United Kingdom, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the green coffee landscape in the United Kingdom.

Quick navigation

Key findings

  • Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
  • Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
  • Supply depends on input availability and production efficiency, creating a distinct national cost curve.
  • Market concentration varies by segment, creating different competitive landscapes and entry barriers.
  • The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for the United Kingdom. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

  • Market size and growth in value and volume terms
  • Consumption structure by end-use segments
  • Production capacity, output, and cost dynamics
  • Trade flows, exporters, importers, and balances
  • Price benchmarks, unit values, and margin signals
  • Competitive context and market entry conditions

Product coverage

Country coverage

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for the United Kingdom. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

  • International trade data (exports, imports, and mirror statistics)
  • National production and consumption statistics
  • Company-level information from financial filings and public releases
  • Price series and unit value benchmarks
  • Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links green coffee demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in the United Kingdom.

  • Historical baseline: 2012-2025
  • Forecast horizon: 2026-2035
  • Scenario-based sensitivity to income growth, substitution, and regulation
  • Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

  • Price benchmarks by country and sub-region
  • Export and import unit value trends
  • Seasonality and calendar effects in trade flows
  • Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

  • Business focus and production capabilities
  • Geographic reach and distribution networks
  • Cost structure and pricing strategy indicators
  • Compliance, certification, and sustainability context

How to use this report

  • Quantify domestic demand and identify the most attractive segments
  • Evaluate export opportunities and prioritize target destinations
  • Track price dynamics and protect margins
  • Benchmark performance against leading competitors
  • Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of green coffee dynamics in the United Kingdom.

FAQ

What is included in the green coffee market in the United Kingdom?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for the United Kingdom.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.



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28 01, 2026

GBP JPY Continues to Look Healthy

By |2026-01-28T19:39:42+02:00January 28, 2026|Forex News, News|0 Comments

The British pound has been somewhat noisy against the Japanese yen during trading on Tuesday, but that will have been expected as the Bank of Japan and others have intervened.

GBP/JPY

The British pound has been somewhat noisy against the Japanese yen during trading on Tuesday, but that will have been expected as we’ve recently seen some form of intervention to favor the Japanese yen in order to combat some of the massive selling pressure that has been a mainstay here.

That being said, the British pound does look like it is fairly well supported at the 210 yen level, and not only is it seeing a bit of structural support as this was an area that was supported previously, we also have the 50-day EMA ranked there as well, which of course offers a significant amount of support.

Technical Support and Market Outlook

If we were to break down below the 50-day EMA, the 205 yen level could be the target, possibly even the 200-day EMA, which is currently trading at the 202.45 level and rising.

All things being equal, this is a market that I think remains very bullish, and of course you do get paid at the end of every day to hang onto it, so I’m still bullish on this pair. I also recognize that we need some of the noise to soften in the yen denominated markets overall in order to get large with the position.

The US dollar is struggling quite a bit more against the yen than the British pound, but that makes sense considering the US dollar has its own concerns. That is why I’m focusing on this pair, because I’m trying to match up strength with inherent weakness. Yes, the central banks may have done something, but that’s not the sign of a strong currency; quite frankly, it’s mainly the opposite that it gives an impression of. All things being equal, this is a pair that I think will try to get to the 215 yen level eventually.

Begin trading our daily forecasts and analysis. Here is a list of Forex brokers in Japan to work with.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

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28 01, 2026

Gold (XAUUSD) & Silver Price Forecast: $5,280 Record, $117 Silver – Can Fed Fuel the Next Leg?

By |2026-01-28T15:42:34+02:00January 28, 2026|Forex News, News|0 Comments


Surprisingly, his words pushed the dollar to its lowest level since February 2022. Therefore, the weaker dollar made Gold more attractive for investors looking for safe-haven assets.

Normally, a strong dollar attracts safe-haven buyers, but this time the dollar’s drop actually gave a boost to the Gold prices. Traders are now considering the weaker dollar as one of the main reasons behind Gold rise.

Geopolitical Tensions Boost Safe-Haven Demand

Apart from the weaker dollar, ongoing geopolitical tensions was seen as another key factor that helped gold to reach all time high. As we know, President Trump  recently threatened to take control of Greenland, impose tariffs on Europe. He also warned that Canada could face 100% tariffs if it signs a trade deal with China. As a result, demand for Gold, seen as a safe-haven asset, has increased significantly.

Fed Decision in Focus for Markets

On the other hand, investors are closely watching the Federal Reserve’s interest rate decision scheduled on Wednesday. However, the Fed is expected to keep interest rates unchanged in the 3.50% to 3.75% range after cutting rates at three straight meetings late last year.

Hence, markets will pay close attention to Fed Chair Jerome Powell’s press conference. Any hawkish signals could limit further losses in the US dollar and weigh on Gold prices. In contrast to this, any dovish remarks could extend Gold’s rally even further.

Gold Price Forecast: XAU/USD Holds $5,235 as Bullish Channel Targets $5,410 Next



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