EUR/USD has pulled back from session peaks near 1.1730, yet it maintains a stable position above 1.1700 at this point. In May, German GfK Consumer Confidence declined more than anticipated. Market participants continue to express optimism regarding a potential US-Iran peace agreement, contributing to the ongoing softness of the safe-haven USD. The Euro continues to … Read more
The USD/JPY holds firm at around 159.50 in the early hours of Monday’s Asian session. Market participants expect the Bank of Japan to keep its interest rates steady in the forthcoming meeting on Tuesday. The FOMC is anticipated to maintain the federal funds rate in the range of 3.50% to 3.75% at its upcoming meeting … Read more
The EUR/USD exchange rate has experienced a consistent decline, reaching 1.1688 on Yesterday. The US dollar has reached ten-day highs, reflecting a stagnation in US-Iran peace negotiations, which has subsequently increased demand for the currency as a safe-haven asset. The Strait of Hormuz is currently in a state of effective closure. Tehran maintains its grip … Read more
The USD/CHF remains steady as tensions between the US and Iran contribute to a cautious market atmosphere. US PMIs exceeded expectations, reaching multi-month peaks. From a technical standpoint, USD/CHF continues to trade below significant SMAs, maintaining a bearish outlook. The USD/CHF pair remains steady on Yesterday, exhibiting erratic price movements and fluctuations as market participants … Read more
EUR/USD moves upward, approaching 1.1710 during the early hours of Thursday’s Asian session. Trump indicated that he has not established a definitive timeline for receiving a proposal from Iran. ECB’s Kazaks stated that the central bank possesses the ‘luxury’ to postpone interest rate increases. The EUR/USD pair shows resilience, approaching 1.1710 in the early Asian … Read more
The USD/JPY pair has weakened to approximately 159.35 during the Asian trading session on Thursday. Trump stated that the ceasefire established on April 7 would remain in effect indefinitely. The BoJ is anticipated to keep its policy rate steady at 0.75% in the upcoming April meeting. The USD/JPY pair experiences a decline, hovering around 159.35 … Read more
The euro is experiencing a drop, hovering around 1.1750 in the early Asian session on Wednesday. Trump declared that the ceasefire with Iran will be extended, depending on the progress of negotiations between the two countries. Iran’s military has issued a warning about a major offensive directed at certain targets, referencing ongoing threats from Trump. … Read more
The USD/JPY pair rose to 159.36 in the middle of the week, as the Japanese yen weakened for the second day in a row. The market is currently factoring in the Bank of Japan’s policy outlook in anticipation of next week’s meeting. The regulator is expected to maintain current rates as it assesses the economic … 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
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