The EUR/USD pair rises above the 1.1600 level on Thursday, hitting a two-week high of 1.1656, yet faces challenges in surpassing the important resistance point of the 50-day Simple Moving Average at 1.1661. Catalysts such as the reopening of the US government and high US Treasury yields failed to bolster the US Dollar, which continued … Read more
The Euro remains steady for the second consecutive day, failing to breach the 1.1600 level as risk appetite strengthens in light of the upcoming re-opening of the US government, following the House of Representatives’ vote on the stopgap funding bill. EUR/USD is currently stabilizing around 1.1590 as market participants anticipate the House vote on the … Read more
The Japanese Yen is under pressure against the US Dollar on Wednesday, with the exchange rate trading near nine-month highs at approximately 154.64, despite a generally weaker Greenback. The Yen is facing challenges as a result of Japan’s expansionary fiscal policy and the Bank of Japan’s cautious strategy regarding the normalization of monetary policy, both … Read more
The Euro strengthens in the North American session, recording an increase of 0.30% as the Greenback declines following disappointing US jobs data and a shift in business sentiment towards a more pessimistic economic outlook. The EUR/USD is currently trading at 1.1590, having rebounded from daily lows of 1.1547. The EUR/USD pair experiences an upward movement … Read more
The USD/CHF experiences a decline for the fourth consecutive day, currently trading at approximately 0.8000 after a loss of 0.55% late Tuesday during the North American session. Disappointing US economic data and a tariff reduction to Switzerland contributed to a strengthening of the Swiss Franc during the trading session. The USD/CHF has decreased by 0.55%, … Read more
GBP/USD is currently consolidating in the North American session on Monday, holding steady around 1.3150. This stability arises alongside growing speculation about a possible resolution to the US government shutdown, lending support to the US Dollar, which has regained some of its previous losses. GBP/USD stays steady as progress in the US Senate boosts optimism … Read more
The USD/JPY pair declined to 153.10 on Friday, as the yen preserved some of its recent gains in the context of a flight to safety. A notable increase in stock market volatility, spurred by apprehensions regarding a possible overvaluation of artificial intelligence stocks, led investors to turn to conventional safe-haven assets, consequently bolstering the Japanese … Read more
EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent soft jobs data in the US has heightened speculation regarding a potential Fed rate cut at the upcoming December meeting. The currency pair is currently trading at … Read more
The GBP/USD pair is currently seeking support near 1.3062 on Thursday, as investors take a measured approach ahead of the crucial Bank of England monetary policy meeting scheduled for today. The British currency is currently facing significant pressure, trading close to a seven-month low against the US dollar and reaching its weakest point in over … Read more
EUR/USD is stabilizing near 1.1480 on Wednesday, breaking a five-day losing streak as economic data from the US has led investors to become less certain about a potential rate cut by the Federal Reserve in the upcoming December meeting. As of the current moment, the pair is trading steady at 1.1484. The EUR/USD remains unchanged … Read more