Francesco Pesole emphasizes that the ECB’s careful communication conceals a hawkish pivot, as officials are said to be contemplating an April rate increase should inflation exceed expectations. Current market conditions reflect expectations for earlier tightening and increased probabilities of consecutive rate adjustments. Economists anticipates a heightened upside potential for the Euro, suggesting that EUR/USD could … Read more
The GBP/USD pair experienced an increase in the previous session and is currently adjusting to 1.3403. The pound reacted favorably to the Bank of England’s choice to maintain interest rates at their current level, as market participants concentrated on the regulator’s insights regarding the potential impact of the Iran conflict on forthcoming policy decisions. The … Read more
EUR/USD falls to around 1.1465 in the early Asian session on Thursday. The Federal Reserve kept its overnight lending rate unchanged during the March meeting on Wednesday. The anticipation is that the ECB will keep the key interest rates steady at their existing levels this Thursday. The EUR/USD pair sees a drop, hovering around 1.1465 … Read more
The USD/JPY pair is experiencing a decline, approaching the 159.70 mark during the Asian trading session on Thursday. The BoJ is anticipated to maintain its benchmark rate at the current level on Thursday. The Federal Reserve opted to maintain its overnight lending rate at its March meeting on Wednesday. The USD/JPY pair is currently positioned … Read more
EUR/USD is currently consolidating around 1.1532 on Wednesday, as market participants take a cautious approach in anticipation of the Federal Reserve’s upcoming decision. The Fed is anticipated to maintain the current interest rates. Market participants will closely monitor Jerome Powell’s remarks, especially regarding the potential impact of oil market fluctuations on the policy trajectory. Increasing … Read more
The US dollar experienced a slight decline on Tuesday, reflecting some hesitation in the market, which is understandable given the upcoming interest rate decisions from both central banks. USD/JPY has shown some weakness during Tuesday’s trading session, with the pair pulling back from the key 160 level. As both central banks prepare for policy announcements, … Read more
EUR/USD weakens to approximately 1.1490 during the early European session on Tuesday. The Federal Reserve is expected to maintain the current interest rates during its upcoming meeting in March on Wednesday. The ECB is anticipated to maintain its deposit rate at the current level on Thursday. The EUR/USD pair is currently positioned in negative territory, … Read more
On Tuesday, GBP/USD is maintaining a position close to 1.3315. The pound recorded a slight increase the prior day, yet it continues to hover near three-month lows, reflecting persistent uncertainty regarding the implications of the Middle East conflict on the global economy and inflationary pressures. Market participants persist in their preference for the US dollar … Read more
EUR/USD maintains a favorable position near 1.1450 during the Asian session on Monday. The pair maintains a bearish sentiment beneath the significant 100-day EMA, indicating that the most likely direction is downward, supported by an oversold RSI momentum. The primary resistance level to monitor is 1.1510, while the first support level appears at 1.1415. The … Read more
The GBP/USD pair shows strength, approaching 1.3255 during the early Asian session on Monday. The Federal Reserve is expected to maintain the current interest rates during its upcoming meeting in March on Wednesday. The Bank of England is anticipated to keep the rates steady on Thursday. The GBP/USD pair is showing strength around 1.3255 in … Read more