Swiss Franc retains its losses as the June Real Retail Sales data reported at 1.5%, falling short of the anticipated 3.1%. The US Dollar strengthened as traders exercise caution in response to hawkish sentiment from the Federal Reserve. Trump announced a significant agreement involving the disarmament of Hamas and the withdrawal of Israeli forces from … Read more
EUR/USD has declined to approximately 1.1500 during the early European session on Friday. The pair maintains a bearish sentiment in the short term, remaining below the 100-day SMA. The first upside barrier emerges at 1.1510; the initial support level is seen at 1.1425. The EUR/USD pair is positioned in negative territory, hovering around 1.1500 during … Read more
GBP/USD declines as a hawkish Federal Reserve pause and internal FOMC divisions strengthen the US Dollar. The Greenback may face challenges as easing risk aversion is influenced by recent diplomatic developments between the US and Iran. TD Securities observed a nuanced surprise from the Bank of England, as a 6-3 vote, featuring a hawkish dissent, … Read more
EUR/USD experiences slight declines, hovering around 1.1465 during the early hours of Thursday’s Asian session. While the Fed maintained its interest rates at the July meeting, Warsh asserted that the central bank would intervene on inflation if necessary. The preliminary readings of the Eurozone and German GDP for Q2 are anticipated later on Thursday. The … Read more
USD/JPY edges higher to around 163.50 in Thursday’s Asian session. The Federal Reserve voted 9–3 to maintain its benchmark interest rate within the target range of 3.50% to 3.75% during its July meeting. The Bank of Japan is poised to maintain its current interest rate levels this Friday. The USD/JPY pair records slight increases around … Read more
The EUR/USD pair experiences an upward movement as the US Dollar exhibits signs of weakness in anticipation of the Federal Reserve’s expected decision to maintain interest rates. Traders are factoring in an unusually high 30.5% probability of an immediate rate hike, indicating a notable degree of policy uncertainty. The ECB is anticipated to implement a … Read more
The USD/JPY pair may experience an upward movement as recovering oil prices exert pressure on the Yen, considering Japan’s significant dependence on oil imports. US interception of Iranian missiles has reignited geopolitical tensions in the Middle East, raising concerns about inflation. Market participants are pricing in a 76.6% probability of a rate hike in September, … Read more
EUR/USD reaches new monthly lows beneath 1.1360, approaching 13-month lows at 1.1324. A subdued risk appetite in the context of declining oil prices has not been sufficient to bolster the Euro. The US Dollar rallies to fresh highs amid hopes of a surprise Fed rate hike on Thursday. The Euro is failing to draw any … Read more
The GBP/USD experiences a decline as the US Dollar maintains its strength in anticipation of a highly uncertain Federal Reserve rate decision. Declining crude prices contribute to a reduction in UK 10-year gilt yields, simultaneously alleviating short-term inflation concerns. Markets expect the Bank of England to maintain interest rates at 3.75% during Thursday’s meeting. GBP/USD … Read more
EUR/USD commences the last week of July at 1.1369. Friday’s modest decline in energy prices diminished expectations that the Federal Reserve might raise rates as soon as its forthcoming meeting, set for Tuesday and Wednesday. Simultaneously, the primary currency pair hovers near the monthly low established in late June. Markets persist in anticipating a minimum … Read more