EUR/USD remains within a narrow range as market participants observe the developments in the diplomatic discussions between Washington and Tehran taking place in Switzerland. US Vice President JD Vance observed that negotiations have achieved “great progress,” notwithstanding some persistent friction. ECB President Lagarde characterised inflation as “too large to ignore,” while also noting the absence … Read more
GBP/USD remains weak around 1.3245 in Tuesday’s early Asian session. UK Prime Minister Keir Starmer has resigned, indicating a phase of political instability. The Fed maintains its current interest rates, yet indicates the possibility of a future increase. The GBP/USD pair experiences a decline, approaching 1.3245 in the early hours of trading on Tuesday in … Read more
During Friday’s early Asian session, EUR/USD moves up to about 1.1460. With the US announcing the end of its blockade, the US-Iran interim ceasefire agreement has taken effect. In anticipation of the possibility that the Federal Reserve would start raising interest rates as early as late next month, traders have positioned themselves more and more. … Read more
USD/CHF extends its upside to near 0.8075 in Friday’s early European session. US Vice President JD Vance has cancelled a scheduled visit to Switzerland for discussions with Iran. The SNB has maintained its key interest rate at 0%, emphasising the importance of currency risks in its monetary policy considerations. The USD/CHF pair advances to approximately … Read more
EUR/USD maintains a favourable position near 1.1515 during the early hours of Thursday’s Asian session. Trump and Pezeshkian signed the US-Iran MoU to end the war. The Federal Reserve opted to maintain its benchmark interest rate during its June policy meeting, aligning with market expectations. The EUR/USD pair recovers some lost ground near 1.1515 during … Read more
The weaker-than-expected UK inflation report on Wednesday hardly affected the value of the pound sterling. Prior to today’s labour market data and the Bank of England meeting, investors opted for a wait-and-see strategy. After the Federal Reserve meeting, GBP was still required to react to changes in the US dollar. The market had anticipated that … Read more
EUR/USD experiences an upward movement as the US Dollar shows signs of weakness, attributed to reports regarding a US-Iran peace agreement aimed at reopening the Strait of Hormuz. Trump announced that the agreement with the Islamic Republic of Iran is now finalised. Markets are currently factoring in an additional rate hike from the ECB, with … Read more
USD/JPY remains stable at approximately 160.20 during the Asian session on Monday. On Sunday, the United States and Iran announced that they have come to an agreement, which is set to take effect on Friday. BoJ is poised to elevate interest rates to a 31-year peak on Tuesday. The USD/JPY pair is currently trading in … Read more
The EUR/USD pair experiences depreciation as tensions in the Middle East catalyse an increased demand for the robust US Dollar, often regarded as a safe haven in times of uncertainty. CENTCOM announced it successfully intercepted multiple Iranian missile and drone strikes targeting Kuwait and Bahrain. The US Dollar maintains its strength as the closure of … Read more
USD/JPY has softened to approximately 159.20 during the early Asian session on Wednesday. The possibility of additional actions from Japanese authorities could support the Japanese Yen. Iran has issued a warning of potential retaliation following the US strikes on launch sites and vessels. The USD/JPY pair experiences a decline, approaching 159.20 in the early hours … Read more