GBP/USD rises to approximately 1.3510 in the early European session on Wednesday. The BoE interest rate is expected to follow a steady decline. Market participants prepare for the US Initial Jobless Claims report scheduled for release later on Wednesday. The GBP/USD pair is currently trading positively around 1.3510 in the early European session on Wednesday. … Read more
EUR/USD edges higher during the North American session, up 0.42% amid growing speculation that the Federal Reserve would continue easing policy, amid a scarce economic docket on both sides of the Atlantic. The pair is currently at 1.1757, having recovered from daily lows of 1.1706. EUR/USD increases by 0.42% to 1.1757, recovering from 1.1706 as … Read more
The most recent UK GDP figures indicated an annualised growth rate of 1.3%, aligning with market forecasts and marginally lower than the prior reading of 1.4%. The report exhibited a largely neutral effect on sterling, as it affirms that the UK economy is still growing, though at a measured rate, with no indications of a … Read more
EUR/USD is experiencing a modest increase during the North American session, rising by 0.42% as speculation mounts regarding the Federal Reserve’s potential continuation of easing policy, coinciding with a limited economic calendar on both sides of the Atlantic. The currency pair is currently trading at 1.1757, having rebounded from daily lows of 1.1706. The EUR/USD … Read more
The GBP/USD exchange rate exhibited stability within a narrow band following the release of the latest employment and inflation data from the United States, as well as the interest rate decision from the Bank of England. It was trading at 1.3376, slightly below this month’s peak of 1.3460. The GBP/USD exchange rate exhibited limited volatility … Read more
The EUR/USD pair fell to approximately 1.1700 following the European Central Bank’s decision to keep key interest rates steady, a move that was largely expected and offered minimal new direction for the single currency. The main refinancing rate was maintained at 2.15%, while the deposit facility rate remained steady at 2.0%. ECB officials reaffirmed their … Read more
The USD/CHF pair demonstrated strength following the release of soft U.S. CPI data, supporting a range-bound yet constructive outlook. Central bank dynamics continue to point toward potential downside support, while a longer-term bullish breakout in USD/CHF could emerge if key technical levels are breached. The pair experienced notable volatility during Thursday’s session, which was expected … Read more
EUR/USD experienced a pullback on Thursday following a packed economic schedule across both sides of the Atlantic. The recent inflation data in the US, coupled with the European Central Bank’s decision to maintain interest rates steady during the final meeting of the year, had minimal impact on the value of the euro. Currently, the pair … Read more
GBP/USD exhibited volatility in anticipation of the Bank of England’s decision, as market participants concentrated on forward guidance instead of the anticipated rate cut. Price action indicates that dollar flows continue to be the main influence, while GBP/USD demonstrates notable strength. GBP/USD exhibited significant volatility during Wednesday’s session, which is to be expected with the … Read more
EUR/USD remains steady near its opening price from Wednesday, approximately 1.1750, showing little movement in light of a limited economic calendar in the US that has seen a recovery in the Dollar. In the meantime, inflation data from the Eurozone and a decline in business confidence in Germany continued to exert pressure on the single … Read more