RBFX Support Posted March 6 Author Share Posted March 6 (edited) EURUSD rallies: parity is forgotten The EURUSD pair is hovering around 1.0806 on Thursday, with the euro reaching the high seen in early November 2024. Find out more in our EURUSD analysis for 6 March 2025. EURUSD forecast: key trading points The EURUSD pair hit highs observed in early November 2024 Germany’s plans and the general positive sentiment about the eurozone outlook support the euro EURUSD forecast for 6 March 2025: 1.0820 Fundamental analysis The EURUSD rate rose to 1.0806, which was last seen by the market on 8 November 2024. The US dollar is under pressure from a strong euro and evolving consequences of President Donald Trump’s tariff policy. New US trade tariffs on Canada, China, and Mexico have provoked retaliatory measures from these countries. This stance raises concerns about escalating trade wars, which could slow down US economic growth. The market is now awaiting fresh US employment statistics. The ADP data showed that the US private sector added just 77 thousand jobs in February, the smallest gain in seven months. The main reports are due on Friday. The euro is rising as the 500 billion euro infrastructure fund proposed by Germany and plans to reconsider borrowing rules have improved the eurozone outlook. The ECB meeting is scheduled for today, with the regulator likely to lower the interest rate to 2.65% per annum from the current 2.90%. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Edited March 6 by RBFX Support Link to comment Share on other sites More sharing options...
RBFX Support Posted Friday at 10:44 AM Author Share Posted Friday at 10:44 AM (edited) USDJPY fell to a five-month low: the yen acts as a safe-haven asset The USDJPY pair is hovering around 147.60 on Friday as the market needs safe-haven assets. Discover more in our analysis for 7 March 2025. USDJPY forecast: key trading points The USDJPY pair fell to its lowest level since 8 October 2024 The market is in dire need of safe-haven assets and favours the yen USDJPY forecast for 7 March 2025: 147.29 Fundamental analysis The USDJPY rate fell to 147.60, driven by increased demand for safe-haven assets amid the escalating global trade war and the volatile tariff policy of US President Donald Trump. The market is concerned about the possible impact on the US economy, which prompts investors to shift from the US dollar to the yen and Swiss franc. Domestically, the JPY position and Japan’s government bond yields strengthened on expectations that the Bank of Japan will continue to raise interest rates this year. This week, BoJ Deputy Governor Shinichi Uchida said that the regulator could raise rates further if its economic forecasts prove true. Such comments could be interpreted as the beginning of a withdrawal from a sweeping monetary easing program. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Edited Friday at 10:44 AM by RBFX Support Link to comment Share on other sites More sharing options...
RBFX Support Posted Monday at 10:18 AM Author Share Posted Monday at 10:18 AM (edited) Bank of Canada rate cut expectations support USDCAD growth The USDCAD pair is slightly declining, with the price currently at 1.4365. Discover more in our analysis for 10 March 2025. USDCAD forecast: key trading points Canada’s economy added only 1 thousand jobs, falling short of the expected 20 thousand Expectations of a Bank of Canada key rate cut rose due to weak employment data USDCAD forecast for 10 March 2025: 1.4495 Fundamental analysis The USDCAD rate is correcting after Friday’s surge, primarily driven by a mixed US employment report. In February, the country’s economy added 151 thousand jobs, below the forecast of 160 thousand, while the unemployment rate unexpectedly rose to 4.0%, and wage growth slowed to 0.3%. However, the Canadian labour market was in an even more challenging situation. Unemployment remained at 6.6%, with the economy creating only 1 thousand jobs, falling short of the expected 20 thousand. Such a sharp slowdown compared to the sustainable growth seen since August 2024 heightened expectations of a 25-basis-point Bank of Canada key rate cut at the meeting this week. According to the USDCAD forecast for today, such expectations may support further growth of the currency pair despite the current correction. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Edited Monday at 10:18 AM by RBFX Support Link to comment Share on other sites More sharing options...
RBFX Support Posted Tuesday at 10:42 AM Author Share Posted Tuesday at 10:42 AM (edited) Brent remains under pressure due to increased output and problems in China Brent quotes are slightly rising, currently standing at 68.95 USD. Discover more in our analysis for 11 March 2025. Brent forecast: key trading points An economic slowdown in China raises concerns about future oil demand The increase in US and Canadian rigs boosts oil supply Brent forecast for 11 March 2025: 66.65 Fundamental analysis Brent quotes are correcting after rebounding from the 68.45 USD support level. Prices are under pressure from global trade tensions, the expected increase in OPEC+ supply, and the uptick in oil production in North America. In February, US rigs added 8 units, reaching 590 rigs, while rigs in Canada increased by 38 units to 247. An additional negative factor is the weakening of the Chinese economy, the largest oil consumer. Rising deflation in the country raises concerns about future oil demand. All these factors combined create an unfavourable environment for oil quotes, which, as part of the Brent price forecast, increases the risks of its further decline. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Edited Tuesday at 10:42 AM by RBFX Support Link to comment Share on other sites More sharing options...
RBFX Support Posted 15 hours ago Author Share Posted 15 hours ago (edited) USDJPY is under pressure amid expectations of tighter BoJ monetary policy The USDJPY pair is rising, with the price currently at 148.40. Discover more in our analysis for 12 March 2025. USDJPY forecast: key trading points Japan’s business sentiment index for large manufacturing companies decreased Weak statistics may heighten expectations of further BoJ monetary tightening USDJPY forecast for 12 March 2025: 145.65 Fundamental analysis The USDJPY rate is rising for the second consecutive session, with buyers aiming to test the crucial resistance level at 148.50. The US dollar is gaining support amid expectations of the latest inflation data. Despite the current growth, the currency pair remains under pressure due to uncertainty in Trump’s tariff policy and increasing risks of the US recession. The yen receives additional support from rising wages in Tokyo, which helps offset inflationary costs, reduce the labour shortage, and increase consumer spending, creating conditions for a possible Bank of Japan interest rate hike. Meanwhile, Japan’s business sentiment index for large manufacturing companies declined to -2.4% in Q1 2025 after rising to 6.3% in the previous quarter. The deterioration of the indicator and weak statistics could fuel expectations for further BoJ monetary tightening, which supports a bearish forecast for USDJPY for today. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Edited 15 hours ago by RBFX Support Link to comment Share on other sites More sharing options...
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