EUR/USD remains stable around 1.1610 during the early Asian session on Wednesday. The Federal Reserve is poised to maintain its benchmark interest rate at the upcoming June policy meeting. Trump may unveil the US-Iran deal prior to Friday. The EUR/USD pair remains stable around 1.1610 in the early hours of the Asian session on Wednesday. … Read more
GBP/USD drifts higher to near 1.3430 in the early Asian session on Wednesday. Optimism regarding a potential US-Iran peace agreement bolsters the British Pound. The Federal Reserve is set to announce its interest rate decision on Wednesday, which will be succeeded by a press conference featuring the newly appointed Chairman, Kevin Warsh. The GBP/USD pair … Read more
EUR/USD drifts higher to near 1.1575 in the early Asian session on Friday. The ECB announced a quarter-point rate hike on Thursday, raising its deposit facility rate to 2.25%. Trump announced the cancellation of proposed military strikes against Iran. The EUR/USD pair strengthens to approximately 1.1575 in the early hours of Asian trading on Friday. … Read more
GBP/USD remains stable around 1.3415 during the early European session on Friday. The cross maintains a bearish sentiment below the 100-day SMA. The immediate resistance level is identified at 1.3420, while the initial downside target to monitor is 1.3343. The GBP/USD pair is trading in a stable manner around 1.3415 during the early European trading … Read more
EUR/USD shows resilience, climbing to approximately 1.1540 in the early hours of Thursday. The ECB is anticipated to increase interest rates on Thursday. US initiates new military actions against Iran, heightening concerns about an extended conflict in the Middle East. The EUR/USD pair is positioned in positive territory close to 1.1540 during the early hours … Read more
GBP/USD moves upward, approaching 1.3385 during the Asian session on Thursday. Traders increase their positions on US interest rate increases following positive US economic data. BoE officials indicated that the central bank is in “no rush to raise interest rates.” The GBP/USD pair shows resilience, moving towards 1.3385 during the Asian trading hours on Thursday. … Read more
The EUR/USD pair has softened to approximately 1.1540 during the early Asian session on Wednesday. The US initiated military strikes against Iran in response to the incident involving the downed helicopter. The ECB is anticipated to increase interest rates during its monetary policy meeting on Thursday. The EUR/USD pair experiences a decline in momentum, approaching … Read more
The USD/CHF pair is likely to experience an upward trajectory due to increased safe-haven demand stemming from escalating tensions in the Middle East. Iran’s IRGC executed a drone strike targeting the US Fifth Fleet stationed in Bahrain, marking a response to American military actions within Iranian territory. Traders anticipate that the Swiss National Bank will … Read more
EUR/USD remains steady around 1.1620 during the early hours of the Asian session on Friday. Market participants will pay keen attention to the forthcoming release of the US employment figures for May on Friday. The ECB is anticipated to increase its deposit rate to 2.25% during its June meeting. The EUR/USD pair remains stable at … Read more
The USD/JPY pair has experienced a depreciation, influenced by concerns over potential intervention and robust wage data that bolster the Japanese Yen. Finance Minister Katayama issued a caution regarding potential intervention as the Yen approached 160 per Dollar, indicating readiness to take action if necessary. Japan’s foreign reserves decreased by USD 77.11 billion, reaching USD … Read more
