EUR/USD reaches new monthly lows beneath 1.1360, approaching 13-month lows at 1.1324. A subdued risk appetite in the context of declining oil prices has not been sufficient to bolster the Euro. The US Dollar rallies to fresh highs amid hopes of a surprise Fed rate hike on Thursday. The Euro is failing to draw any … Read more
EUR/USD commences the last week of July at 1.1369. Friday’s modest decline in energy prices diminished expectations that the Federal Reserve might raise rates as soon as its forthcoming meeting, set for Tuesday and Wednesday. Simultaneously, the primary currency pair hovers near the monthly low established in late June. Markets persist in anticipating a minimum … Read more
The EUR/USD pair is experiencing an upward movement as market participants look forward to the forthcoming interest rate decision from the European Central Bank. The ECB is anticipated to maintain its deposit rate at 2.25%, directing market attention towards Christine Lagarde’s forthcoming conference. The US Dollar encounters pressure as traders assess the implications of renewed … Read more
GBP/USD moves up to about 1.3385. UK CPI inflation decreased more than anticipated to 2.6% in June. US initiated new military actions while Iran cautioned about potential regional instability. The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair may be constrained in … Read more
EUR/USD is experiencing slight declines, hovering around 1.1410 in the early hours of Tuesday’s Asian session. The United States has initiated new military actions against Iran, while the Houthis have declared a maritime embargo. Market participants perceive a diminished likelihood of an interest rate increase during the Federal Reserve’s July meeting. The EUR/USD pair experiences … Read more
GBP/USD strengthens to approximately 1.3450 in the early European session on Tuesday. The UK Unemployment Rate remained stable at 4.9% in May. The US initiated new military actions against Iran, with Trump cautioning about potential retaliation in response to the fatalities of American soldiers. The GBP/USD pair maintains a favourable position close to 1.3450 in … Read more
EUR/USD is gaining traction, approaching 1.1445 during the early European session on Monday. The pair maintains a bearish sentiment beneath the 100-day SMA, with the RSI consistently positioned below the midpoint. The first upside barrier emerges at 1.1470; the initial support level to watch is 1.1415. The EUR/USD pair is positioned in positive territory near … Read more
USD/CHF slips as SNB Minutes revealed cautious policymakers, thereby boosting demand for the safe-haven Swiss Franc. The US Dollar declines even as tensions rise between Washington and Tehran, with traders instead concentrating on weaker domestic economic indicators. The CME FedWatch Tool suggests that the markets are pricing in a 61.4% likelihood of a rate hike … Read more
EUR/USD inches upward, approaching the upper boundary of the monthly range at approximately 1.1485. The US Dollar retreats following PPI data that further dampened expectations for immediate Fed rate hikes. In Europe, officials from the ECB continue to advocate for elevated interest rates as a means to address inflationary pressures. The Euro edges higher on … Read more
GBP/USD softens to approximately 1.3530 in the early Asian session on Thursday. The US military has initiated another series of strikes targeting Iran. Rising tensions in the Middle East have led traders to amplify their expectations regarding Bank of England rate hikes this year. The GBP/USD pair experiences a decline, approaching 1.3530 in the early … Read more