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12 02, 2025

The GBPUSD price resumes the bullish correction – Forecast today

By |2025-02-12T08:49:05+02:00February 12, 2025|Forex News, News|0 Comments

Hedera’s currency price (HBARUSDT) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of it, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA. 

 

Therefore we expect the price to return lower, targeting the support of $6.928, provided it settles firmly below the resistance of $9.818.

 

Trend forecast for today: Likely Bearish 



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12 02, 2025

The USDJPY price begins with clear positivity – Forecast today

By |2025-02-12T06:48:03+02:00February 12, 2025|Forex News, News|0 Comments

Hedera’s currency price (HBARUSDT) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of it, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA. 

 

Therefore we expect the price to return lower, targeting the support of $6.928, provided it settles firmly below the resistance of $9.818.

 

Trend forecast for today: Likely Bearish 



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12 02, 2025

EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Mixed in Early Trading

By |2025-02-12T00:45:26+02:00February 12, 2025|Forex News, News|0 Comments

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11 02, 2025

Surges as US yields rise, eyes on 200-day SMA: Analytics and Market news from 11 February 2025 19:46

By |2025-02-11T22:44:26+02:00February 11, 2025|Forex News, News|0 Comments

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Swiss Franc.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.53% -0.60% 0.30% -0.16% -0.28% -0.23% 0.16%
EUR 0.53%   -0.08% 0.85% 0.39% 0.25% 0.30% 0.70%
GBP 0.60% 0.08%   0.93% 0.46% 0.31% 0.36% 0.76%
JPY -0.30% -0.85% -0.93%   -0.45% -0.59% -0.53% -0.14%
CAD 0.16% -0.39% -0.46% 0.45%   -0.13% -0.08% 0.31%
AUD 0.28% -0.25% -0.31% 0.59% 0.13%   0.05% 0.44%
NZD 0.23% -0.30% -0.36% 0.53% 0.08% -0.05%   0.39%
CHF -0.16% -0.70% -0.76% 0.14% -0.31% -0.44% -0.39%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).



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11 02, 2025

EUR/USD Forecast Today 11/02: Trade Spat Fears (Chart)

By |2025-02-11T20:43:51+02:00February 11, 2025|Forex News, News|0 Comments

  • The euro has gapped lower to kick off the trading week, as we continue to see a lot of volatility in this pair.
  • As it is likely that we will eventually see some type of trade spat between the United States and the European Union, I suspect that the euro is living on borrowed time any time it rallies.
  • Furthermore, we also have to keep in mind that the European economy has barely grown over the last 20 years, while the US economy has doubled. Then short, there’s no real reason to buy the euro against the US dollar for a longer term trade.

Sure, there will be an occasional short-term rally in this market, but as things stand right now, the fundamental simply do not line up for a protracted uptrend. In fact, I suspect you have a situation where this market will eventually try to rally, but that should end up being a nice shorting opportunity at the first signs of exhaustion. After all, we have been in a downtrend for quite some time, and there’s no real reason to think that it’s about the change anytime soon. Ultimately, this is a market that I think goes to the parity level before it is all said and done.

Technical Analysis

The technical analysis for this EUR/USD pair is obviously quite bleak, but it is worth noting that the market recovered quite nicely from the initial gap lower on the open for the Monday session. That being said, the 50 Day EMA currently sits right around the 1.0425 level, and after that we see the 1.05 level offering a significant amount of resistance. It is not until we break above that I think the market could pick up any type of momentum, and it’s really not until we break above the 1.06 level that I think anything will be sustained.

To the downside, if we were to break down below the level 1.02, that opens up the door to parity, something that this pair seems to be destined to reach. In fact, I’m starting to read some highly respected research that suggests the euro could even drop down to the 0.90 level at this rate. I’m not calling for that yet, but I certainly think parity is not out of the question.

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11 02, 2025

GBP/JPY Forecast Today 11/02: Faces Downward Bias (Video)

By |2025-02-11T18:43:19+02:00February 11, 2025|Forex News, News|0 Comments

  • The British pound initially rallied a bit against the Japanese yen, but as you can see, it has given back quite a bit of the gains as this is a market that remains very soft.
  • You have to keep in mind that the Bank of England just cut interest rates by 25 basis points the other day.
  • In fact, a couple of people on the monetary policy committee were suggesting we needed to see 50 basis points in cuts.

At the same time, you have the Bank of Japan mulling the idea of tightening monetary policy due to the fact that inflation is a problem in Japan for the first time in like 20 years. So, with that being the case, I do think that there is still more of a downward bias in this pair, perhaps to reach as low as the 185 yen level. Rallies at this point in time, I would treat with suspicion with the 190 yen level being an area I’d pay close attention to. If we can break above there, then we could challenge the 192.75 yen level where the 50 day EMA and the 200 day EMA currently meet and are crossing for the so-called death cross.

Death Cross?

Now I’m not a big figure in that kind of thinking when it comes to trading the death cross, but I know a lot of people are really into it. I don’t believe it so much. I think it’s normally late, but it is worth noting that some traders will look at this as a sign to start selling. If we do break down from here, the 185 yen level is an area that I think a lot of people will be watching closely as it is a large round and psychologically significant figure, but it’s also an area that on longer-term charts does show some promise at being support. If we break down below that level, then 180 yen could be the target. As things stand right now, I think this probably makes more sense as a fade the rally type of situation.

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11 02, 2025

Pound Sterling turns bearish as important support fails

By |2025-02-11T16:42:43+02:00February 11, 2025|Forex News, News|0 Comments

  • GBP/USD stays on the back foot, trades slightly above 1.2350 on Tuesday.
  • The risk-averse market environment makes it difficult for the pair to stage a rebound.
  • Fed Chairman Powell’s testimony and Trump tariff talks could ramp up market volatility.

GBP/USD struggles to gain traction and trades in a tight channel slightly above 1.2350 after closing in the negative territory on Monday. The pair’s technical outlook points to a buildup of bearish momentum as markets turn cautious while waiting for headlines surrounding US President Donald Trump’s trade policy and Federal Reserve (Fed) Chairman Jerome Powell’s testimony.

British Pound PRICE Last 7 days

The table below shows the percentage change of British Pound (GBP) against listed major currencies last 7 days. British Pound was the weakest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.22% 0.23% -1.79% -1.60% -1.54% -0.97% -0.08%
EUR 0.22%   0.45% -1.58% -1.38% -1.32% -0.75% 0.14%
GBP -0.23% -0.45%   -2.03% -1.82% -1.76% -1.20% -0.31%
JPY 1.79% 1.58% 2.03%   0.20% 0.26% 0.82% 1.75%
CAD 1.60% 1.38% 1.82% -0.20%   0.06% 0.64% 1.55%
AUD 1.54% 1.32% 1.76% -0.26% -0.06%   0.58% 1.51%
NZD 0.97% 0.75% 1.20% -0.82% -0.64% -0.58%   0.90%
CHF 0.08% -0.14% 0.31% -1.75% -1.55% -1.51% -0.90%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Late Monday, US President Donald Trump has signed an order to impose a sweeping 25% tariff on all steel and aluminum imports into the US. He further noted that his administration will look into tariffs on automobiles, microchips, and pharmaceuticals next. Trump is expected to share details on his reciprocal tariff plan “on many countries” this Tuesday or Wednesday.

Reflecting the risk-averse market atmosphere, US stock index futures were last seen losing between 0.2% and 0.4% on the day. 

In the early American session, Chairman Powell will testify on the semiannual Monetary Policy Report before the Senate Banking Committee. 

Lawmakers are likely to ask Powell about potential changes to the monetary policy and the economic outlook in the face of the Trump administration’s approach to trade relations. If Powell repeats that they need to be cautious regarding further policy easing, the US Dollar (USD) could stay resilient against its peers and limit GBP/USD’s upside. On the other hand, the market mood could improve and cause the USD to come under renewed selling pressure in case Powell notes that tariff decisions announced so far are unlikely to influence inflation developments in a significant way.

GBP/USD Technical Analysis

GBP/USD dropped below the 1.2390-1.2400 area, where the ascending trend line meets the 200-period and the 100-period Simple Moving Averages (SMA). In case this area remains intact as resistance, technical sellers could retain control. On the downside, 1.2300 (round level, static level) could be seen as next support before 1.2270 (Fibonacci 23.6% retracement of the latest downtrend)

GBP/USD could face resistance at 1.2450 (Fibonacci 50% retracement) and 1.2500 (round level, static level) once it manages to recapture 1.2390-1.2400.

Tariffs FAQs

Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.

Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.

There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.

During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.

 

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11 02, 2025

The USDJPY price tests the resistance – Forecast today

By |2025-02-11T14:41:57+02:00February 11, 2025|Forex News, News|0 Comments

SOL/USD price advanced in the intraday levels, while trading alongside the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels, but countered with negative pressure due to trading below the 50-day SMA, thus hindering upcoming gains. 

 

Therefore we expect more gains for the price, targeting the first resistance at $223.20, provided the support of $187.40 holds on.

 

Trend forecast for today: Bullish 



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11 02, 2025

The EURUSD price crawls downwards – Forecast today

By |2025-02-11T12:40:54+02:00February 11, 2025|Forex News, News|0 Comments

SOL/USD price advanced in the intraday levels, while trading alongside the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels, but countered with negative pressure due to trading below the 50-day SMA, thus hindering upcoming gains. 

 

Therefore we expect more gains for the price, targeting the first resistance at $223.20, provided the support of $187.40 holds on.

 

Trend forecast for today: Bullish 



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11 02, 2025

The GBPJPY attempts to hold above the support– Forecast today – 11-2-2025

By |2025-02-11T10:39:28+02:00February 11, 2025|Forex News, News|0 Comments

Copper price resumed the bullish attack to achieve new gains by reaching the second target at 4.6900$, facing 61.8% Fibonacci correction level that might form an obstacle now against the bullish attempts.

 

Also, stochastic reach to the overbought areas might force the price to provide sideways trades, with chances to gain some profits by crawling towards 4.5400$, while succeeding to breach the current obstacle will open the way to record additional gains that might extend towards 4.8100$.

 

The expected trading range for today is between 4.5800$ and 4.6800$

 

Trend forecast: Bullish



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