The USD/JPY experienced a significant decline, subsequently bouncing back from the 155 level, which remains a robust support point. The Bank of Japan’s decision to refrain from tightening, coupled with the Federal Reserve’s indications of uncertainty, positions the pair as a favorable buy-on-dips opportunity within a context of volatile consolidation. The US dollar has experienced … Read more
EUR/USD shows an upward movement during the North American session on Thursday, increasing by 0.41% following the Federal Reserve’s decision to lower interest rates, coupled with the release of disappointing job data in the United States. Currently, the pair is trading at 1.1742, having recovered from daily lows of 1.1682. The Euro gains traction amid … Read more
The EUR/USD pair commenced the week favorably, climbing to 1.1653. The recent shift was driven by increasing anticipation for a Federal Reserve rate cut this Wednesday, which continues to exert pressure on the US dollar. The current market assessment indicates an 88% likelihood of a 25-basis-point cut, reflecting a notable rise from the 67% probability … Read more
The USD/CHF pair is experiencing a decline in momentum, currently trading near 0.8030 in the early European session on Friday. Increasing speculation regarding a potential US interest rate cut next week, along with the possibility of White House economic adviser Kevin Hassett assuming the role of Federal Reserve Chair, is putting pressure on the US … 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
The GBP/USD pair is currently stable on Monday in the North American session, holding steady at approximately 1.3088 as market participants anticipate the upcoming release of the UK’s budget, with the week being shortened due to the US Thanksgiving holiday. GBP/USD remains stable as market participants anticipate the UK Autumn Budget and assess the risks … Read more