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
The EUR/USD pair is currently positioned at 1.1654, following a temporary increase driven by the alleviation of U.S.–China trade tensions. US CB Consumer Confidence declines, indicating a decrease in household optimism. The Federal Reserve is anticipated to lower interest rates on Wednesday, as decision-makers continue to rely on data in light of the ongoing shutdown. … Read more
GBP/USD fell over 0.50% on Tuesday as market participants processed the news from the UK’s Office for Budget Responsibility, which intends to reduce productivity, resulting in a significant gap in the public finances. Currently, the pair is trading at 1.3280, having reached a low of 1.3247, marking its lowest point since August 1. GBP/USD has … Read more
EUR/USD experiences a slight increase late in the North American session on Monday as the Greenback pulls back from the highs seen last week, coinciding with a de-escalation in the US-China trade war ahead of the upcoming summit between Donald Trump and Xi Jinping in South Korea. The currency pair is currently trading at 1.1643, … Read more
The USD/JPY pair experienced a significant rally on Monday, climbing to the 153.00 level and approaching heights not observed since February 2025. The current bullish momentum is fueled by anticipations of substantial fiscal stimulus from Japan’s newly formed government, alongside persistent uncertainty regarding the policy trajectory of the Bank of Japan. The yen has faced … Read more