EUR/USD remains within a narrow range as market participants observe the developments in the diplomatic discussions between Washington and Tehran taking place in Switzerland. US Vice President JD Vance observed that negotiations have achieved “great progress,” notwithstanding some persistent friction. ECB President Lagarde characterised inflation as “too large to ignore,” while also noting the absence … Read more
GBP/USD remains weak around 1.3245 in Tuesday’s early Asian session. UK Prime Minister Keir Starmer has resigned, indicating a phase of political instability. The Fed maintains its current interest rates, yet indicates the possibility of a future increase. The GBP/USD pair experiences a decline, approaching 1.3245 in the early hours of trading on Tuesday in … Read more
The EUR/USD pair has experienced a decline, approaching the 1.1465 level during the early European session on Monday. The pair maintains a bearish sentiment, with downside pressure dominating as the RSI remains below the midline. The initial downside target to monitor is 1.1450, while the immediate resistance level is identified at 1.1570. The EUR/USD pair … Read more
USD/CHF maintains its position at a nearly seven-month peak of 0.8091. The US Dollar gains support as a renewed US-Iran peace deal elevates safe-haven demand. The SNB will engage in the sale of Swiss Francs should a swift appreciation pose a risk to price stability. USD/CHF remains stronger for the fourth consecutive day, trading around … Read more
During Friday’s early Asian session, EUR/USD moves up to about 1.1460. With the US announcing the end of its blockade, the US-Iran interim ceasefire agreement has taken effect. In anticipation of the possibility that the Federal Reserve would start raising interest rates as early as late next month, traders have positioned themselves more and more. … Read more
USD/CHF extends its upside to near 0.8075 in Friday’s early European session. US Vice President JD Vance has cancelled a scheduled visit to Switzerland for discussions with Iran. The SNB has maintained its key interest rate at 0%, emphasising the importance of currency risks in its monetary policy considerations. The USD/CHF pair advances to approximately … Read more
EUR/USD maintains a favourable position near 1.1515 during the early hours of Thursday’s Asian session. Trump and Pezeshkian signed the US-Iran MoU to end the war. The Federal Reserve opted to maintain its benchmark interest rate during its June policy meeting, aligning with market expectations. The EUR/USD pair recovers some lost ground near 1.1515 during … Read more
The weaker-than-expected UK inflation report on Wednesday hardly affected the value of the pound sterling. Prior to today’s labour market data and the Bank of England meeting, investors opted for a wait-and-see strategy. After the Federal Reserve meeting, GBP was still required to react to changes in the US dollar. The market had anticipated that … Read more
EUR/USD remains stable around 1.1610 during the early Asian session on Wednesday. The Federal Reserve is poised to maintain its benchmark interest rate at the upcoming June policy meeting. Trump may unveil the US-Iran deal prior to Friday. The EUR/USD pair remains stable around 1.1610 in the early hours of the Asian session on Wednesday. … Read more
GBP/USD drifts higher to near 1.3430 in the early Asian session on Wednesday. Optimism regarding a potential US-Iran peace agreement bolsters the British Pound. The Federal Reserve is set to announce its interest rate decision on Wednesday, which will be succeeded by a press conference featuring the newly appointed Chairman, Kevin Warsh. The GBP/USD pair … Read more