The EUR/USD falls beneath the 1.1600 mark, declining more than 0.50% as the US Dollar continues its weekly ascent, achieving gains exceeding 1.70% against a basket of six currencies, the DXY, driven by a risk-off sentiment. Currently, the pair is trading at 1.1563, following a daily high of 1.1648. The Euro has reached an eight-week … Read more
The GBP/USD currency pair made an effort to establish stability on Thursday, with trading activity hovering around the 1.3413 USD mark. Nevertheless, market participants are exhibiting a prudent approach in light of the subdued projections for the UK economy and the ambiguity surrounding the government’s forthcoming budget announcement in November. The United Kingdom The projected … Read more
EUR/USD continues to decline for the third consecutive day, decreasing by 0.32% as the US government shutdown persists. Additionally, the minutes from the Federal Reserve’s last meeting indicate that officials are still wary of inflation, despite the easing of policy measures. Currently, the pair is trading at 1.1622, following a daily peak of 1.1661. The … Read more
The USD/JPY pair has ascended to its peak since February, currently trading at approximately 152.45. The Japanese yen has experienced a depreciation exceeding 3% this week, as selling pressure has intensified in the wake of the release of disappointing wage data. This has considerably reduced market anticipations for additional interest rate increases from the Bank … Read more
The EUR/USD pair experiences a decline on Tuesday, influenced by the ongoing political turmoil in France and the impending US government shutdown. The Dollar, having previously depreciated, is now exhibiting a notable recovery, rising by 0.52% for the day, as indicated by the US Dollar Index. The currency pair is currently trading at 1.1654, reflecting … Read more
The United States Dollar to Swiss Franc exchange rate is now trading close to its yearly lows of 0.7980. The 20-day Simple Moving Average is located at 0.7951, and the 50-day SMA is located at 0.8008. Both of these SMAs provide support on the downside. There has been very little movement in the pair’s position, … Read more
EUR/USD experiences a pullback in the North American session, influenced by political instability in France and the strengthening of the US Dollar, coinciding with the sixth day of the government shutdown in the US. The currency pair is currently trading at 1.1714, reflecting a decrease of 0.24%. France’s PM Sebastien Lecomu has resigned, causing unease … Read more
The Pound Sterling is holding steady during the North American session on Monday, as the US government shutdown enters its sixth day. This situation has resulted in financial markets operating without clear guidance, given the absence of economic data. GBP/USD is currently trading at approximately 1.3474, showing little to no movement. Market participants prepare for … Read more
EUR/USD is currently in a consolidation phase on Friday, reflecting a subdued trading environment attributed to the absence of new catalysts, influenced by a US government shutdown that appears likely to continue beyond the current week. The currency pair is currently trading at 1.1738, reflecting an increase of 0.28% as of the time of this … Read more
The Pound Sterling has appreciated approximately 0.26% against the US Dollar on Friday, coinciding with the US government entering its third day of shutdown and foregoing the release of Nonfarm Payroll figures for September. The Purchasing Managers Index, along with data from S&P Global and ISM in the US, serves as the primary catalysts for … Read more