EUR/USD: Strong Sell – Modest Rise, Supported by Positive IFO Index The EUR/USD pair is attempting a breakout at 1.0700, supported by positive business climate index results from Germany’s IFO Institute. The German index exceeded expectations, and overall business activity in the Eurozone was robust. Meanwhile, in the United States, data on durable goods orders, especially in defense and aerospace excluding capital goods, is seeing a slowdown and drawing attention.
GBP/USD: Neutral – Upward Movement, Focused on Durable Goods Data The GBP/USD pair is attempting a breakout at 1.2450, but a decline in business activity in the US yesterday is putting pressure on the dollar. The UK’s services PMI exceeded expectations, but the manufacturing PMI fell short, and the market is seeking a new direction.
NZD/USD: Strong Sell – Modest Rise, Supported by Trade Data The New Zealand Dollar/US Dollar pair is rising after New Zealand’s trade balance shifted to a surplus. Exports exceeded expectations, and imports decreased. Additionally, the slump in US business activity is supporting the NZ dollar. Upcoming US GDP data will be a focal point for the market.
USD/JPY: Buy – Stable Movement, Awaiting Japanese Policy The USD/JPY pair is stable around 155.00, with ongoing concerns about intervention from the Bank of Japan. Japanese inflation data and the Bank of Japan’s policy announcement are key points this week. A decline in the US manufacturing PMI is also supporting the yen.
XAU/USD: Strong Sell – Minor Rise, Supported by Slump in Business Activity The Gold/USD pair is showing a slight increase, with the slowdown in US business activity supporting gold prices. Lower-than-expected durable goods orders may reduce market risk appetite and increase investment interest in gold.
