EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more
The GBP/USD pair is experiencing a slight increase, currently trading at approximately 1.3239, after a brief halt in its five-day upward trend. Although the pair has moved back into positive territory, attention from investors has turned to the fundamental strength of the UK economy and the reliability of the recently introduced budget measures. The underlying … Read more
EUR/USD remains unchanged on Thursday due to low trading liquidity, as US markets are closed for Thanksgiving. Ongoing expectations regarding a potential reduction in borrowing costs by the Federal Reserve continue to exert pressure on the Greenback, while the Euro appears set to conclude the week with gains. The pair is currently positioned at 1.1596. … Read more
The USD/JPY pair declined to 156.13 on Thursday, as the Japanese yen regained some of its recent losses amid heightened market vigilance regarding possible intervention by Japanese authorities. Market participants are considering the potential for the upcoming US Thanksgiving holiday, a period known for reduced liquidity and lighter trading conditions, to create an opportunity for … Read more
The EUR/USD experiences consecutive bullish sessions, driven by speculation regarding a potential rate cut by the Federal Reserve at the upcoming December meeting, subsequent to the publication of a robust jobs report. Currently, the pair is trading at 1.1595, reflecting an increase of 0.22% after recovering from daily lows of 1.1547. EUR/USD increases by 0.22% … Read more
The GBP/USD pair continued its upward movement, hitting 1.3189, as market participants anticipate the specifics of the UK budget, which is set to be unveiled today, 26 November. The focus is squarely on Chancellor Rachel Reeves and her approach to addressing the fiscal deficit while complying with the government’s established budgetary guidelines. This challenge necessitates … 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 USD/JPY pair experienced a reversal, declining by over 0.54% on Tuesday. This movement comes as investors gained confidence in the likelihood of a Federal Reserve rate cut during the December meeting, prompted by a soft US inflation report and weaker-than-anticipated Retail Sales data. As of the current analysis, the pair is trading at 155.98, … Read more
EUR/USD remains stable on Monday, showing slight increases of over 0.10%, while the US Dollar consolidates in the wake of dovish remarks from Federal Reserve officials. Despite the rising expectations for a rate cut, the pair is currently trading at 1.1525, having reached a daily high of 1.1550. EUR/USD moves upward as the US Dollar … Read more
EUR/USD experiences moderate declines during the North American session on Friday as the US Dollar maintains strength following the release of mixed economic data and dovish remarks from Federal Reserve officials. The pair is currently at 1.1504, reflecting a decrease of 0.20%, following a dip to a two-week low of 1.1491. The EUR/USD pair declines … Read more