EUR/USD has recovered some of its earlier losses, increasing by 0.16% during the late hours of the North American session on Friday, in light of a limited economic calendar on both sides of the Atlantic. The US government shutdown has now extended to its 38th day, and with a light docket in Europe, the pair … Read more
The USD/JPY pair declined to 153.10 on Friday, as the yen preserved some of its recent gains in the context of a flight to safety. A notable increase in stock market volatility, spurred by apprehensions regarding a possible overvaluation of artificial intelligence stocks, led investors to turn to conventional safe-haven assets, consequently bolstering the Japanese … Read more
EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent soft jobs data in the US has heightened speculation regarding a potential Fed rate cut at the upcoming December meeting. The currency pair is currently trading at … Read more
The GBP/USD pair is currently seeking support near 1.3062 on Thursday, as investors take a measured approach ahead of the crucial Bank of England monetary policy meeting scheduled for today. The British currency is currently facing significant pressure, trading close to a seven-month low against the US dollar and reaching its weakest point in over … Read more
EUR/USD is stabilizing near 1.1480 on Wednesday, breaking a five-day losing streak as economic data from the US has led investors to become less certain about a potential rate cut by the Federal Reserve in the upcoming December meeting. As of the current moment, the pair is trading steady at 1.1484. The EUR/USD remains unchanged … Read more
GBP/USD remains stable on Wednesday after experiencing a 0.90% decline on Tuesday, prompted by UK finance minister Rachel Reeves indicating the possibility of tax increases to adhere to fiscal regulations. The pair is currently trading at 1.3028, showing minimal movement at this moment. GBP/USD reduces losses following UK finance chief Rachel Reeves’ indication of tax … Read more
The Euro continues to decline against the US Dollar on Tuesday, as increased demand for the Greenback exerts pressure on the currency pair. At this moment, EUR/USD stands around 1.1481, indicating a persistent decline for the fifth consecutive day. Meanwhile, the US Dollar Index is trading consistently around 100.20, reaching a new three-month high against … Read more
The Swiss Franc continues to weaken against the US Dollar on Tuesday, as the currency pair marks its fifth consecutive day of gains, driven by widespread strength in the Greenback. The pair is presently trading around 0.8085, having momentarily reached the 0.8100 psychological level, marking its peak since August 22. The USD/CHF pair has experienced … Read more
The EUR/USD pair is experiencing a decline for the fourth consecutive session, approaching the 1.1532 level. Investor sentiment is currently characterized by caution as markets process recent trade developments and prepare for an influx of significant economic data. Over the weekend, the White House revealed a reduction in trade tensions with China. Beijing has consented … Read more
The U.S. dollar appreciated against the Swiss franc on Friday, continuing its upward trajectory across a wide spectrum. With support at 0.79 and resistance near 0.81, the USD/CHF pair seems to be establishing a foundation, suggesting prudent dip-buying opportunities. The U.S. dollar experienced a slight rally during the early hours of Friday and maintained its … Read more