The USD/JPY declines as reduced oil prices strengthen the Yen following the cessation of strikes between the US and Iran. Japanese PM Sanae Takaichi’s approval rating declined in July, reaching a term low, influenced by increasing living costs. US military caution and depleted interceptor supplies currently serve to mitigate further escalation with Iran. USD/JPY remains … Read more
EUR/USD edges higher to around 1.1385 in the early European session on Friday. ECB maintains current interest rates while leaving the possibility for further tightening on the table, thereby bolstering the Euro. The US military executed another series of strikes during the night aimed at Iranian targets. The EUR/USD pair strengthens to approach 1.1385 during … Read more
USD/JPY stabilises near 163.90 during the early hours of the Asian trading session on Friday. Japanese CPI inflation increased to 1.7% year-on-year in June, up from 1.5% in May. Trump pledged to impose consequences on Iran in response to the Houthi assaults in the Red Sea. The USD/JPY pair remains stable around 163.90 in the … Read more
The EUR/USD pair is experiencing an upward movement as market participants look forward to the forthcoming interest rate decision from the European Central Bank. The ECB is anticipated to maintain its deposit rate at 2.25%, directing market attention towards Christine Lagarde’s forthcoming conference. The US Dollar encounters pressure as traders assess the implications of renewed … Read more
GBP/USD moves up to about 1.3385. UK CPI inflation decreased more than anticipated to 2.6% in June. US initiated new military actions while Iran cautioned about potential regional instability. The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair may be constrained in … Read more
EUR/USD records slight increases around 1.1405 during the early hours of Wednesday’s Asian session. Increasing energy expenses may reignite inflationary pressures and bolster the argument for additional tightening measures by the ECB. Trump downplayed the likelihood of prompt negotiations with Iran as the United States continues its assaults on the nation for the 11th consecutive … Read more
The USD/CHF has experienced an increase, driven by heightened safe-haven demand for the US Dollar in the context of escalating geopolitical tensions between the US and Iran. President Trump downplayed the chances of prompt negotiations with Tehran in the wake of reciprocal military actions and threats to shipping in the Red Sea by the Houthis. … Read more
EUR/USD is experiencing slight declines, hovering around 1.1410 in the early hours of Tuesday’s Asian session. The United States has initiated new military actions against Iran, while the Houthis have declared a maritime embargo. Market participants perceive a diminished likelihood of an interest rate increase during the Federal Reserve’s July meeting. The EUR/USD pair experiences … Read more
GBP/USD strengthens to approximately 1.3450 in the early European session on Tuesday. The UK Unemployment Rate remained stable at 4.9% in May. The US initiated new military actions against Iran, with Trump cautioning about potential retaliation in response to the fatalities of American soldiers. The GBP/USD pair maintains a favourable position close to 1.3450 in … Read more
EUR/USD is gaining traction, approaching 1.1445 during the early European session on Monday. The pair maintains a bearish sentiment beneath the 100-day SMA, with the RSI consistently positioned below the midpoint. The first upside barrier emerges at 1.1470; the initial support level to watch is 1.1415. The EUR/USD pair is positioned in positive territory near … Read more