EUR/USD is showing resilience, approaching the 1.1490 mark during the early hours of the Asian session on Friday. The negative tone of the pair persists below the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.1475, while the first upside barrier is positioned at 1.1550. The EUR/USD pair is … Read more
The US 10-year yield declined to 4.93%, influenced by a decrease in crude prices that alleviated ongoing concerns regarding inflation. Crude prices experienced a decline as a result of Saudi pipeline restoration initiatives and the impending meetings between US and Gulf leaders. Fed Chair Warsh cautioned that inflation continues to be elevated, leading to an … Read more
The Japanese Yen appreciates in value in anticipation of a projected 25-basis-point rate increase by the Bank of Japan this coming Friday. Japanese officials underscore the importance of economic stability, prudent budget management, and the pursuit of a sustainable 2% inflation target. The US Dollar has experienced a decline, even as the Federal Reserve has … Read more
EUR/USD declines to approximately 1.1460 during the early Asian session on Thursday. The Federal Reserve has elevated interest rates and indicated the likelihood of additional hikes in borrowing costs in the near future. The ECB has underscored its commitment to a data-dependent strategy, refraining from any pre-commitment regarding future actions on interest rates. The EUR/USD … Read more
AUD/USD is showing resilience as it approaches 0.7090 during the early hours of Thursday’s Asian session. The Fed has opted to raise the benchmark rate to a range of 3.75% to 4.0% as of Wednesday. The IMF indicated that the RBA ought to be prepared to increase rates as necessary, highlighting the potential risks associated … Read more
During Wednesday’s Asian session, AUD/USD declines to about 0.7120. The Federal Reserve is anticipated to increase its interest rate on Wednesday, marking the first adjustment in three years. Markets are currently assigning a 78% probability to a rate hike by the RBA at the upcoming late September meeting. The AUD/USD pair experiences a decline, reaching … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening in anticipation of the Federal Reserve’s forthcoming rate decision. Robust inflation data from the United States has resulted in a 92.4% market expectation for an increase in the Federal Reserve’s interest rates. OECD has revised its projections for Swiss growth upward … Read more
GBP/USD has weakened to approximately 1.3470 during the early Asian session on Wednesday. The Federal Reserve is poised to increase interest rates later on Wednesday. Economists forecast an increase in inflation to 3.1% in August, driven by elevated motor fuel prices. The GBP/USD pair experiences a decline, approaching 1.3470 in the early hours of trading … Read more
USD/JPY remains stable, hovering around 155.25 during the early hours of Wednesday’s Asian session. The Federal Reserve is anticipated to increase the benchmark overnight interest rate by 25 basis points, bringing it to a range of 3.75% to 4.00%. Markets expect the BoJ to increase rates by 25 basis points at the forthcoming meeting on … Read more
USD/CAD is currently testing the immediate resistance level represented by the 50-day EMA at 1.3914. The 14-day Relative Strength Index is positioned around 54, indicating potential for a bullish breakout. The primary support is positioned at the nine-day EMA of 1.3861. During Asian hours on Tuesday, the USD/CAD pair traded at 1.3910, continuing its winning … Read more
