The GBP/USD exchange rate declined for the fifth consecutive day, settling at 1.3445. The deceleration in headline price growth has heightened anticipations of a forthcoming rate reduction by the Bank of England, despite persistent underlying price pressures. In January, annual inflation decelerated to 3.0%, down from 3.4% in December, aligning with expectations. Nonetheless, inflation within … Read more
EUR/USD on Thursday found stability at 1.1792 following a significant drop the previous day. The US dollar received backing from robust macroeconomic data and unanticipated firm signals from the Federal Reserve. The minutes from the last meeting indicate that there are still differing opinions within the Federal Reserve concerning the future trajectory of interest rates. … Read more
GBP/USD declined again on Wednesday, reflecting sustained pressure on the British pound against the US dollar. The pair is now approaching the 50-day EMA and the key 1.35 level, placing the market in a clearly binary setup. A daily close below 1.35 would significantly increase the probability of a move toward the 200-day EMA, currently … Read more
EUR/USD declines to approximately 1.1785 during the early Asian session on Thursday. Multiple officials from the Federal Reserve indicated that additional tightening could be necessary should inflation remain persistent. There are indications that Lagarde of the ECB might step down prior to the completion of her term. The EUR/USD pair declines to a near two-week … Read more
On Wednesday, the USD/JPY experienced an increase, reaching a level of 153.50. The yen relinquished a portion of the gains achieved in the prior session, notwithstanding robust foreign trade statistics. In January, Japan experienced a significant increase in exports, marking the fastest growth in over three years, largely fueled by strong demand for AI-related chips. … Read more
The EUR/USD pair experienced a slight decline during the North American session, hitting a daily low of 1.1804. This movement was influenced by a risk-off sentiment that supported the Greenback, particularly in light of ongoing tensions between the US and Iran. Currently, the pair is trading at 1.1845, reflecting a decrease of 0.07%. EUR/USD is … Read more
The USD/JPY pair is experiencing some support beneath, as market participants assess the sustainability of the 152-yen level in maintaining upward momentum. The US dollar experienced a slight rally against the Japanese yen during early trading on Monday. However, it is important to note that market activity may be somewhat subdued due to the Presidents … Read more
The exchange rate between the euro and the dollar remained stable within a tight range on Monday morning as market participants reacted to the latest macroeconomic data from the United States and its possible effects on the Federal Reserve. The current trading value is 1.1867, a bit below this month’s high of 1.1935. The EUR/USD … Read more
The GBP/USD exchange rate fluctuated following a report indicating that the UK economy experienced a slowdown in the fourth quarter of the previous year. The asset maintained a narrow trading range following a report indicating that US inflation decreased in January, which heightens the likelihood of additional interest rate cuts by the Federal Reserve this … Read more
EUR/USD concluded the week at 1.1868, maintaining a tight sideways range for the fourth consecutive session. The market is currently employing a wait-and-see strategy in anticipation of the forthcoming release of January’s US consumer price index. The report may shape anticipations regarding Federal Reserve policy. Projections indicate a deceleration in headline inflation to 2.5% year-on-year, … Read more