The USD/CHF pair demonstrated strength following the release of soft U.S. CPI data, supporting a range-bound yet constructive outlook. Central bank dynamics continue to point toward potential downside support, while a longer-term bullish breakout in USD/CHF could emerge if key technical levels are breached. The pair experienced notable volatility during Thursday’s session, which was expected … Read more
EUR/USD remains steady near its opening price from Wednesday, approximately 1.1750, showing little movement in light of a limited economic calendar in the US that has seen a recovery in the Dollar. In the meantime, inflation data from the Eurozone and a decline in business confidence in Germany continued to exert pressure on the single … Read more
The USD/CHF pair is currently positioned in positive territory at approximately 0.7960 during the early European session on Wednesday, supported by a rebound in the US Dollar. However, the potential for a US Federal Reserve interest rate cut next year may exert downward pressure on the Greenback relative to the Swiss Franc. The Swiss National … Read more
The USD/JPY pair exhibits some indecision following an initial surge, yet the prevailing support levels and yield differentials remain advantageous for the dollar. Carry trade dynamics and structural Japanese policy constraints indicate that pullbacks continue to present favorable buying opportunities. The US dollar initially attempted to strengthen against the Japanese yen but subsequently reversed, indicating … Read more
EUR/USD remains stable above the 1.1700 level on Monday as the US Dollar shows signs of weakness, with market participants anticipating the upcoming Nonfarm Payrolls report on Tuesday. As of the current moment, the pair is trading at 1.1739, remaining stable. EUR/USD is currently positioned at 1.1739 as the Dollar experiences a decline, with the … 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 GBP/USD pair is currently positioned in negative territory around 1.3365 during the early hours of European trading on Thursday, influenced by the rebound in the US Dollar. Nonetheless, the potential downside could be constrained following the US Federal Reserve’s decision to implement a rate cut during its December policy meeting. Market participants prepare for … Read more
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