GBP/USD softens to near 1.3210 in the early European session on Friday. The pair maintains a negative outlook beneath the 100-day SMA, coinciding with an oversold RSI condition. The immediate resistance level is positioned at 1.3215; the initial support level to monitor is 1.3140. The GBP/USD pair is currently positioned in negative territory, trading at … Read more
The Canadian Dollar experiences a decline as oil prices fall, influenced by reports regarding US-Iran discussions aimed at reopening the Strait of Hormuz. Geopolitical tensions endure as Iran calls for the cessation of port blockades, while the United States upholds its resolute position. The US Dollar has appreciated in value as the CME FedWatch data … Read more
AUD/USD trades flat near 0.7010 on Friday. China’s Xi said Washington-Beijing ties reach a new historical milestone; major breakthroughs are not expected. The RBA is expected to raise its Official Cash Rate next week. The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments … Read more
The EUR/USD pair has softened to approximately 1.1375 during the early Asian session on Friday. Market participants are assigning approximately a 67.5% probability to the Federal Reserve implementing another rate hike during its upcoming meeting in October. Iran’s President stated that the US ‘must choose’ whether to bring an end to the conflict. The EUR/USD … Read more
GBP/USD is experiencing slight declines, hovering near 1.3240 during the early European session on Thursday. Stronger US PMI has intensified expectations for a Federal Reserve rate increase. Financial markets are presently assigning a probability of 67% to the likelihood of a rate hike by the Bank of England in November. The GBP/USD pair records slight … Read more
USD/JPY has declined to approximately 157.85 on Thursday. Japan’s 10-year JGB yield increased by 8 basis points to 3.055%, marking its highest level since August 1996. Fed’s Barr indicated that additional policy adjustments are probable to effectively manage inflation. The USD/JPY pair draws the attention of sellers, hovering around 157.85 during the Asian trading hours … Read more
The Canadian Dollar remains resilient against the US Dollar, despite ongoing uncertainties in the geopolitical oil market. The ongoing tension between Iran and the United States, coupled with the possibility of restrictions in the Strait of Hormuz, may lead to an increase in crude oil prices. Robust US manufacturing data has elevated the likelihood of … Read more
The SNB is anticipated to maintain its policy rate at 0% on September 24, although projections may still be subject to change. The US Dollar halted its three-day rally and relinquished daily gains, even as hawkish expectations from the Federal Reserve persist. Robust US manufacturing data elevates the likelihood of an October Fed rate hike … Read more
USD/JPY edges higher to near 157.60 in Wednesday’s early Asian session. The recent rate hike by the Bank of Japan was accompanied by two dovish dissents, which has exerted downward pressure on the Japanese Yen. Potential currency intervention from Japanese authorities may assist in curbing the JPY’s depreciation. The USD/JPY pair exhibits an upward momentum, … Read more
The USD/CHF pair experiences an uptick as the US Dollar appreciates, following indications from the Federal Reserve of a possible additional rate hike before the end of the year. Switzerland’s Q2 2026 current account surplus experienced a notable increase, reaching CHF 23.7 billion. The Swiss National Bank is widely anticipated to maintain its benchmark rate … Read more
