The GBP/USD pair experiences a pullback on Friday, following its peak of 1.3471 reached earlier in the week, coinciding with US President Donald Trump’s remarks that high tariffs on China are “not sustainable.” As a result, the Greenback showed an uptick, as indicated by the pair, trading above the 1.3415 level, down 0.12% for the … Read more
On Wednesday, EUR/USD experienced an increase of 0.35%, remaining above the 1.1600 level for the second consecutive day. This movement comes as the Greenback faces pressure from strong expectations of rate cuts by the Federal Reserve and the intensification of the trade war between the US and China. DXY declines to a six-day low as … Read more
The GBP shows signs of recovery, increasing by 0.60% against the USD on Wednesday during the North American session, attributed to a reduction in China-US tensions following remarks from US Treasury Secretary Scott Bessent. As of the current analysis, GBP/USD is trading at 1.3396 following a rebound from daily lows of 1.3309. Bessent proposes an … Read more
EUR/USD shows signs of recovery on Tuesday as the Greenback experiences a decline following neutral-dovish comments from Fed Chair Jerome Powell, coupled with the French government’s announcement to suspend a pension reform. The currency pair is currently trading at 1.1606, reflecting an increase of 0.32%. Fed’s Powell indicates a “meeting-by-meeting” approach, stating that labor risks … Read more
GBP/USD continues to decline for the second straight day on Tuesday, as weak data from the United Kingdom supports the case for reduced interest rates by the Bank of England. The ongoing government shutdown in the US results in a lighter schedule, with the exception of Federal Reserve Chair Jerome Powell’s upcoming speech. The UK … Read more
The EUR/USD pair experienced a decline during the North American session on Monday, falling by 0.41% as the US Dollar recovers some of its losses from Friday, influenced by US President Donald Trump’s warnings regarding potential additional tariffs on Chinese goods. The pair is currently trading at 1.1571, having reached a daily high of 1.1630 … Read more
The GBP/USD concluded Monday’s trading with a decline of 0.13% as the Greenback rebounded, following US President Donald Trump’s softened stance on China over the weekend. As of the current, the pair is trading at 1.3333 as the Asian session on Tuesday commences. GBP/USD experiences a decline of 0.13%, settling at 1.3333 as Trump moderates … Read more
The EUR/USD pair shows signs of recovery on Friday, rising above 1.1600 as the Greenback experiences a significant decline, influenced by the intensification of the trade conflict between the US and China. Nonetheless, the potential for gains appears limited due to the ongoing political turmoil and disappointing data emerging from the Eurozone. The currency pair … Read more
The EUR/GBP pair shows an upward movement on Friday, yet it stays below the 0.8700 mark after reaching a daily peak of 0.8725 earlier in the European session. The ongoing political instability in France, coupled with the stagnant economy in the UK, is likely to maintain the cross-pair trading range between 0.8650 and 0.8750. The … Read more
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