The USD/CHF pair is currently positioned in negative territory around 0.8045 as the early European session unfolds on Tuesday. The potential for a US interest rate cut in December exerts pressure on the US Dollar relative to the Swiss Franc. Market participants prepare for the upcoming Swiss Consumer Price Index inflation report on Wednesday, alongside … Read more
EUR/USD holds steady around the 1.1600 level, recording slight gains of more than 0.15% on Monday as the Greenback declines in response to hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan. The limited economic agenda on both sides of the Atlantic enhanced the Euro’s outlook. The Euro experiences a slight increase … Read more
The GBP/USD pair remains stable around 1.3245 in the Asian session on Monday as market participants analyze the implications of the UK’s Autumn Budget. The potential downside for the major pair appears constrained, given the increasing anticipation of a Federal Reserve interest rate cut in the upcoming December meeting. The US November ISM Manufacturing Purchasing … Read more
EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more
The GBP/USD pair is experiencing a slight increase, currently trading at approximately 1.3239, after a brief halt in its five-day upward trend. Although the pair has moved back into positive territory, attention from investors has turned to the fundamental strength of the UK economy and the reliability of the recently introduced budget measures. The underlying … Read more
EUR/USD remains unchanged on Thursday due to low trading liquidity, as US markets are closed for Thanksgiving. Ongoing expectations regarding a potential reduction in borrowing costs by the Federal Reserve continue to exert pressure on the Greenback, while the Euro appears set to conclude the week with gains. The pair is currently positioned at 1.1596. … Read more
The USD/JPY pair declined to 156.13 on Thursday, as the Japanese yen regained some of its recent losses amid heightened market vigilance regarding possible intervention by Japanese authorities. Market participants are considering the potential for the upcoming US Thanksgiving holiday, a period known for reduced liquidity and lighter trading conditions, to create an opportunity for … Read more
The EUR/USD experiences consecutive bullish sessions, driven by speculation regarding a potential rate cut by the Federal Reserve at the upcoming December meeting, subsequent to the publication of a robust jobs report. Currently, the pair is trading at 1.1595, reflecting an increase of 0.22% after recovering from daily lows of 1.1547. EUR/USD increases by 0.22% … Read more
The GBP/USD pair continued its upward movement, hitting 1.3189, as market participants anticipate the specifics of the UK budget, which is set to be unveiled today, 26 November. The focus is squarely on Chancellor Rachel Reeves and her approach to addressing the fiscal deficit while complying with the government’s established budgetary guidelines. This challenge necessitates … Read more
EUR/USD shows a robust increase of more than 0.51% on Tuesday, driven by a declining US Dollar, as data strengthened traders’ expectations that the Federal Reserve could lower rates at the upcoming December meeting. Currently, the pair is trading at 1.1579, approaching the 1.1600 level. EUR/USD moves upward as stable PPI and disappointing Retail Sales … Read more