The EUR/USD pair experiences an upward movement as the mixed signals from the Fed Minutes contribute to a depreciation of the US Dollar. The US Dollar may rebound as US-Iran tensions elevate expectations that the Fed will maintain higher interest rates for an extended period. Iranian Speaker Mohammad Bagher Ghalibaf cautioned Washington that any additional … Read more
USD/JPY has softened to approximately 162.45 during the early session on Thursday in Asia. Traders are closely monitoring the situation for potential intervention in the Japanese Yen. The Fed minutes highlighted the significant disagreements among officials, especially regarding the anticipated trajectory of inflation. The USD/JPY pair experiences a slight decline, trading at approximately 162.45 in … Read more
The EUR/USD pair has retraced to the 1.1400 region following a rejection at 1.1430 earlier on Wednesday. Recent tensions between the US and Iran, coupled with investor caution in anticipation of the forthcoming FOMC minutes, are exerting pressure on the pair. The technical picture shows a potential bearish flag formation. The Euro exhibits slight declines … Read more
The USD/CHF experiences an uptick as the US Dollar strengthens in the wake of US airstrikes on Iran, prompted by attacks on ships in the Strait of Hormuz. Iran’s joint military command condemned the assaults on southern Iran as overt acts of aggression, vowing a formidable military retaliation. Switzerland’s 10-year yield has risen above 0.34%, … Read more
GBP/USD advances to approximately 1.3360 during the early European session on Friday. The major pair continues to be constrained beneath the significant 100-day moving average. The first upside barrier emerges at 1.3410; the initial support level is seen at 1.3300. The GBP/USD pair is positioned in positive territory, hovering around 1.3360 in the early European … Read more
The EUR/USD pair is experiencing modest gains, hovering around the 1.1380 mark during the early hours of Thursday’s Asian session. Fed’s Warsh indicated that decisions regarding interest rates will be conducted in private sessions and dismissed the notion of providing forward guidance. Eurozone inflation moderated more than anticipated last month, thereby reducing the urgency for … Read more
EUR/USD has declined to approximately 1.1410 during the early Asian session on Wednesday. Cooling inflation in Germany has diminished expectations for ECB rate hikes. The US economy continues to demonstrate resilience, providing the Federal Reserve with sufficient latitude to uphold its hawkish monetary policy approach. The EUR/USD pair experiences a decline in momentum, approaching 1.1410 … Read more
USD/CHF is strengthening as expectations for a Fed rate hike continue to rise. The CME FedWatch tool indicates that markets are assigning a 63.4% likelihood to an interest rate hike in September. Swiss investor sentiment experienced a significant decline, dropping to -25.0 in June from -11.1 in May, and continues to reside firmly in negative … Read more
EUR/USD is advancing towards 1.1370 during the early European session on Thursday. The bearish outlook of the major pair remains intact below the key 100-day SMA, with oversold RSI momentum. The initial support level to monitor is 1.1350; the first upside barrier is identified at 1.1411. The EUR/USD pair is currently positioned in positive territory, … Read more
GBP/USD has shown a recovery, currently trading near 1.3175 during the Asian session on Thursday. UK Prime Minister Keir Starmer resigned on Monday, resulting in an abrupt upheaval in UK politics. Traders will monitor the upcoming US PCE Price Index report for May, scheduled for release on Thursday. The GBP/USD pair has regained some of … Read more