On Tuesday, GBP/USD was observed at 1.3515, reflecting a strengthening of the US dollar. The pound faced increased pressure at the beginning of the week due to a significant escalation in the US-Iran conflict, as market participants expressed concerns over the potential collapse of the truce and shifted their investments towards safe-haven assets. Heightened tensions … Read more
EUR/USD experiences a decline, settling near 1.1785 during the early hours of Tuesday’s Asian session. Iran’s chief negotiator asserts that Tehran will not engage in discussions while under duress. The expectation is that the ECB will maintain the current rates in April. The EUR/USD pair is experiencing slight declines, hovering around 1.1785 in the early … Read more
EUR/USD experienced an upward movement on Monday following a correction, trending towards 1.1759. Previously, the US dollar had somewhat recovered after last week’s drop, bolstered by a heightened demand for safe-haven assets due to the intensifying US-Iran conflict. Donald Trump stated that the US Navy engaged and detained an Iranian vessel in the Gulf of … Read more
USD/JPY shows resilience around the 159.00 mark during the early European session on Monday. Iran has issued a warning regarding potential retaliation following the US’s action in seizing the ship. BoJ’s Ueda refrained from suggesting an April rate hike; Japanese authorities remain vigilant regarding potential FX intervention. The USD/JPY pair is currently positioned in positive … Read more
The EUR/USD pair experiences a decline, settling near 1.1780 during the early hours of the Asian session on Friday. Trump indicated that a permanent ceasefire between the US and Iran could be achievable, yet significant uncertainty persists. ECB policymakers continue to adopt a data-driven strategy. The EUR/USD pair is currently positioned in negative territory, hovering … Read more
The USD/JPY pair is advancing, approaching the level of 159.35 during the Asian session on Friday. Trump indicated that the upcoming meeting between the US and Iran could occur this weekend. Japan’s Katayama suggested the possibility of JPY intervention following discussions with the US counterpart. The USD/JPY pair shows resilience, trading at approximately 159.35 during … Read more
EUR/USD is showing upward movement near 1.1805 during the early Asian session on Thursday. Indicators of reduced tensions in the Middle East bolster the Euro in comparison to the US Dollar. ECB policymakers appear to be favoring a decision to maintain the rates in April. The EUR/USD pair maintains a favorable position close to 1.1805 … Read more
The currency pair is currently supported at 0.7800, yet it continues to face resistance beneath the 0.7830 level. The possibility of a resolution in the Middle East conflict is influencing the recovery of the US Dollar. The pair is presently undergoing a downward adjustment after the upward movement noted from February to April. The US … Read more
EUR/USD has declined to session lows at 1.1775, moving down from highs that exceeded 1.1800 on Tuesday. In February, Eurozone Industrial Production surpassed expectations. The prospect of renewed US-Iran negotiations continues to place downward pressure on the safe haven US Dollar. The Euro experiences a decline against the US Dollar on Wednesday, marking the first … Read more
The GBP/USD exchange rate has shown an upward trend, achieving its peak since February 17 of this year. The asset has surged by more than 3.20% from its year-to-date low, as market participants concentrate on the forthcoming UK macroeconomic indicators and the easing of tensions between the US and Iran. The GBP/USD pair maintained its … Read more