GBP/USD softens to approximately 1.3425 in the early Asian session on Tuesday. Trump asserts that discussions with Iran are in progress; however, Iran refutes any claims of negotiations occurring. In July, the US ISM Manufacturing PMI increased to 55.6, surpassing expectations. The GBP/USD pair experiences a decline, approaching 1.3425 in the early Asian session on … Read more
USD/CAD advances to approximately 1.4030 during the early European session on Monday. Trump announced that new discussions with Iran would commence on Monday. Market participants will be paying keen attention to the forthcoming US NFP report, scheduled for release later on Friday. The USD/CAD pair strengthens, approaching 1.4030 in the early European session on Monday. … Read more
EUR/USD starts the week at approximately 1.1540. In the wake of a tumultuous week, market focus has transitioned from the Federal Reserve meeting to the latest US economic indicators. Investors will evaluate whether the forthcoming data strengthens the argument for a September rate increase or, on the other hand, indicates a slowdown in the US … Read more
USD/JPY declines to approximately 156.45 during the early European session on Monday. Japan and the US have confirmed a joint intervention to buy JPY, indicating the possibility of further actions to stabilise the currency. Trump indicated that discussions with Iran would recommence on Monday following the cancellation of proposed military actions. The USD/JPY pair experiences … Read more
GBP/USD declines even with a softer US Dollar, as Trump’s halted strikes have enhanced diplomatic prospects between the US and Iran. President Trump indicated that nations in the Middle East have sought additional time to conclude an agreement with Iran. The Bank of England indicated potential interest rate increases should uncertainties stemming from the US-Iran … Read more
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
