EUR/USD experienced a notable increase of over 0.59% on Wednesday following the Federal Reserve’s anticipated rate cut. This “dovish hold” led traders to move away from the Dollar and invest in the Euro. Currently, the pair is trading close to daily highs of 1.1695, following a rebound from daily lows of 1.1620. The EUR/USD pair … Read more
The USD/JPY pair is currently stabilizing around 156.57 on Wednesday, taking a breather following three straight days of upward movement. This stability persists even in light of a significant change in the statements made by Bank of Japan Governor Kazuo Ueda, who indicated that the central bank is nearing a sustainable achievement of its 2% … Read more
GBP/USD has fallen below the critical support level identified at the 200-day Simple Moving Average of 1.3331, experiencing a decline of approximately 0.21% on Tuesday as market participants prepare for the Federal Reserve’s policy decision scheduled for Wednesday. Currently, the pair is trading below 1.3300, having previously peaked at 1.3356. GBP/USD has fallen below 1.3300 … Read more
USD/JPY initially declined but strengthened following the U.S. core PCE aligning with expectations, with technical indicators suggesting a potential bullish rebound ahead. Support levels are holding steady, and the pair is likely to consolidate as it anticipates the forthcoming FOMC decision and press conference. The US dollar experienced a slight decline against the Japanese yen … 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 EUR/USD held its ground, set to conclude the week with an increase of 0.39%. Trading activity slowed, constrained by the 1.1650 level as market participants focused on the Federal Reserve’s upcoming decision next week. EUR/USD is currently consolidating around 1.1650, as technical indicators suggest a potential bearish momentum. US inflation meets expectations, and there … Read more
EUR/USD increased by more than 0.40% on Wednesday following US economic data that strengthened expectations for a rate cut by the Federal Reserve at the upcoming December 9-10 meeting. The pair is currently trading at 1.1668, having recovered from daily lows of 1.1617. ADP indicates that US private companies have reduced employment at the quickest … Read more
The USD/JPY pair declined to 155.67 on Wednesday, managing to recover a portion of the significant losses incurred in the prior session. The decline was influenced by renewed pressure on the US dollar, as market expectations for a more extensive Federal Reserve easing cycle gained momentum. Investor focus domestically is sharply directed towards the potential … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
The USD/CHF pair is currently positioned in negative territory around 0.8045 as the early European session unfolds on Tuesday. The potential for a US interest rate cut in December exerts pressure on the US Dollar relative to the Swiss Franc. Market participants prepare for the upcoming Swiss Consumer Price Index inflation report on Wednesday, alongside … Read more