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BofA Sees Stronger Pound Ahead as EUR/GBP Pressured into 2026

January 9, 2026 10:01 am
Key Moments Bank of America maintains a year-end 2026 EUR/GBP target of 0.84, signaling more downside for the pair. Analysts see the current EUR/GBP level, back in its Q3 2025 range, as a consolidation before renewed pound strength. Improving UK-EU relations and potential productivity gains support the British pound despite domestic political risks. Strategists Keep […] Read more

GBP/JPY Advances as Yen Weakness Outweighs Strong Japanese Spending Data

January 9, 2026 8:54 am
Key Moments GBP/JPY trades near 211.30 in late Asian hours as the Japanese Yen lags major peers. November Overall Household Spending rises 2.9% YoY, offsetting pressure from China-Japan trade tensions. Investors await UK labor market figures for clues on the Bank of England’s rate path. GBP/JPY Supported by Broad Yen Weakness GBP/JPY moved higher to […] Read more

Euro-Dollar Consolidates Near Recent Lows as Bearish Signals Persist

January 9, 2026 8:28 am
Key Moments EUR/USD is trading around 1.1650 after five consecutive daily declines, remaining under key short- and medium-term EMAs. The 14-day RSI stands at 39, pointing to weakening bullish momentum rather than oversold conditions. A break below 1.1589 could open the way toward 1.1468, while a move above 1.1696 would bring 1.1808 and 1.1918 back […] Read more

Sterling Holds Above 50-Day Support as GBP/USD Consolidates

January 9, 2026 8:01 am
Key Moments GBP/USD has traded around 1.3430 for a fourth straight subdued session, sitting below the nine-day EMA but above the 50-day EMA. The 14-day RSI stands at 51.9, signaling neutral momentum and an easing of the recent strength, with a drop below 50 hinting at deeper corrective risk. The 50-day EMA at 1.3381 acts […] Read more

Euro Advances Against Yen as Technical Focus Shifts to 183.34 Barrier

January 9, 2026 7:29 am
Key Moments EUR/JPY traded around 183.20 during Asian hours on Friday after recovering losses from the previous session. The nine-day EMA at 183.34 is acting as immediate resistance, while the 50-day EMA at 181.43 continues to support the medium-term uptrend. EUR showed the strongest performance against JPY in today’s major currency moves, with EUR/JPY up […] Read more

Dollar Index Climbs Toward 99 as Markets Brace for US Jobs Data

January 9, 2026 7:16 am
Key Moments US Dollar Index (DXY) extends its advance to a fourth straight session, trading near 98.90 during Asian hours on Friday. US Initial Jobless Claims rise to 208,000, above the prior week’s revised 200,000 but slightly below expectations of 210,000. December Nonfarm Payrolls are projected at 60,000, compared with 64,000 in November, as traders […] Read more

XRP ETFs See First Capital Pullback as Crypto Fund Flows Diverge

January 8, 2026 9:09 am
Key Moments U.S. spot XRP ETFs registered their first daily net outflow of about $40.8 million on Wednesday after accumulating $1.2 billion in net inflows since launch. Spot Bitcoin and Ether ETFs also saw significant redemptions on Wednesday, with $486 million and $98 million in net outflows, respectively. Despite the setback, XRP ETFs still hold […] Read more

USD/CAD Bulls Challenge Key Resistance Near Ascending Channel Peak

January 8, 2026 8:01 am
Key Moments USD/CAD has risen for five consecutive sessions and is trading around 1.3870 during European hours on Thursday. The pair is holding above both the nine-day and 50-day EMAs, with the 14-day RSI at 60.8, indicating strengthening bullish momentum. A sustained move above the 1.3870 resistance area could open the way toward the recent […] Read more

Rand Strength Pressures Dollar as USD/ZAR Slide Deepens

January 8, 2026 7:44 am
Key Moments USD/ZAR trades within a clear descending channel, staying below the 15-day and 20-day moving averages. The pair tests the 16.45–16.50 support area. A break lower could open the way to 16.20 and 16.00. Strong South African carry, steady risk appetite, and a lack of fresh U.S. dollar catalysts continue to support rand strength. […] Read more