The Euro continues to decline against the US Dollar on Tuesday, as increased demand for the Greenback exerts pressure on the currency pair. At this moment, EUR/USD stands around 1.1481, indicating a persistent decline for the fifth consecutive day. Meanwhile, the US Dollar Index is trading consistently around 100.20, reaching a new three-month high against … Read more
The Swiss Franc continues to weaken against the US Dollar on Tuesday, as the currency pair marks its fifth consecutive day of gains, driven by widespread strength in the Greenback. The pair is presently trading around 0.8085, having momentarily reached the 0.8100 psychological level, marking its peak since August 22. The USD/CHF pair has experienced … Read more
The EUR/USD pair is experiencing a decline for the fourth consecutive session, approaching the 1.1532 level. Investor sentiment is currently characterized by caution as markets process recent trade developments and prepare for an influx of significant economic data. Over the weekend, the White House revealed a reduction in trade tensions with China. Beijing has consented … Read more
The U.S. dollar appreciated against the Swiss franc on Friday, continuing its upward trajectory across a wide spectrum. With support at 0.79 and resistance near 0.81, the USD/CHF pair seems to be establishing a foundation, suggesting prudent dip-buying opportunities. The U.S. dollar experienced a slight rally during the early hours of Friday and maintained its … Read more
The EUR/USD was positioned near the 1.16 level prior to the ECB rate decision, experiencing a slight rebound after the Fed’s somewhat hawkish press conference yesterday, during which Powell emphasized that another cut is not assured. However, risk appetite continues to be largely supported, despite a slight pullback in European markets this morning ahead of … Read more
The USD/JPY pair surged to a nine-month peak on Friday, nearing the significant 154.00 threshold. The yen wrapped up October with a decline of around 4%, indicating a notably poor performance for the month. The currency’s decline was intensified by changes in domestic politics, subsequent to the election of Sanae Takaichi as Prime Minister. Takaichi … Read more
EUR/USD experienced a pullback on Thursday following the European Central Bank’s decision to maintain rates at their current level. Meanwhile, traders continued to process the ‘hawkish’ cut announced by the Federal Reserve on Wednesday, which resulted in the shared currency remaining below the 1.1600 mark. The pair is currently trading at 1.1565, reflecting a decrease … Read more
GBP/USD continues to decline for the third consecutive day on Thursday, falling more than 0.25% as traders drive the exchange rate below the 1.3200 level, in response to the Federal Reserve’s ‘hawkish’ stance on rate cuts, with Chairman Jerome Powell dampening expectations for a reduction in the upcoming December meeting. Currently, GBP/USD is trading at … Read more
EUR/USD declined on Wednesday by more than 0.43% following the Federal Reserve’s announcement of a “hawkish cut.” Fed Chair Jerome Powell remarked that “rate cut in December is far from foregone conclusion.” Currently, the pair is trading close to weekly lows of 1.1601, with market participants monitoring the monthly lows at 1.1542. The EUR/USD pair … Read more
GBP/USD declines over 0.35% on Wednesday, falling beneath the 1.3250 level, as expectations for a rate cut by the Bank of England for the upcoming November meeting increase, while market participants anticipate the Federal Reserve monetary policy decision. The GBP/USD pair is currently at 1.3219, with sellers driving the spot price beneath the 200-day Simple … Read more