The EUR/USD pair experiences a decline to approximately 1.1575, interrupting its three-day upward trend during the early European session on Tuesday. The Euro edges lower against the US Dollar as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz. On Tuesday, a source indicated that the UK Maritime Trade … Read more
EUR/USD advances slightly to approach 1.1575 during the early hours of Monday’s Asian session. The probability of a September Federal Reserve rate increase has decreased to 33.1%. The United States and Iran persist in their ongoing conflict and contention regarding the Strait of Hormuz. The EUR/USD pair strengthens to approximately 1.1575 during the early Asian … Read more
The USD/CAD has experienced depreciation, influenced by a series of weaker economic indicators from the United States, prompting traders to reassess their expectations regarding potential Federal Reserve rate increases. US Retail Sales decreased by 0.6% in July, which has led to a reduction in market expectations regarding forthcoming Federal Reserve rate hikes. Heightened tensions in … Read more
EUR/USD stood at 1.1537 on Friday, as markets continued to analyse the latest economic data. Soft US inflation figures have diminished expectations for a Federal Reserve rate hike in September. Data released on Thursday indicated that producer prices remained unchanged in July. Together with the benign CPI report, this indicates that inflationary pressures have not … Read more
Softer US inflation and flat wholesale prices exert downward pressure on the US Dollar. Expectations for a rate hike by the Federal Reserve in September have decreased to approximately 35%. Swiss inflation has moderated to 0.4%, although expectations for long-term rate hikes by the SNB continue to be factored in. USD/CHF halts its four-day winning … Read more
USD/JPY stabilises near 159.40 during the Asian trading session on Thursday. Traders maintain a heightened level of vigilance regarding potential additional currency intervention. Some members of the Bank of Japan indicated that the pace of rate hikes should be increased, as per a summary of opinions from the meeting published on Monday. The USD/JPY pair … Read more
The weakened US Dollar mitigates the effects of declining oil prices, resulting in a relatively stable CAD exchange rate. In July, the US Consumer Price Index inflation decreased to 3.4%, thereby diminishing the likelihood of a substantial increase in Federal Reserve interest rates. The Canadian Dollar has experienced a decline as OPEC and the IEA … Read more
The EUR/USD pair experiences an uptick as the US Dollar faces challenges due to a moderation in US inflation for July, which in turn diminishes expectations for a rate hike by the Federal Reserve in September. Stalled US-Iran nuclear negotiations concerning Gulf conflict resolution could constrain potential upward movement for EUR/USD. Stronger Q2 Eurozone growth … Read more
GBP/USD is experiencing modest gains, hovering around 1.3500 during the early hours of Thursday’s Asian session. US CPI inflation exhibited modest levels in July, leading to a reduction in expectations for a rate hike by the Federal Reserve in September. Traders are poised for the release of the UK Q2 GDP and US PPI reports … Read more
EUR/USD remains positioned beneath 1.1550 following a retreat from the previous week’s peak at 1.1580. Robust inflation in Germany has not bolstered the Euro, as apprehensions regarding escalating tensions in the Middle East continue to exert downward pressure. The US Dollar’s rallies appear constrained as investors anticipate the forthcoming release of US CPI figures. The … Read more
