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
EUR/USD has softened to approximately 1.1530 during the early Asian session on Tuesday. Israeli Prime Minister Netanyahu stated that the conflict with Iran and Hezbollah “has not yet ended.” The ECB is anticipated to increase its key interest rates by 25 basis points during its June meeting on Thursday. The EUR/USD pair is currently experiencing … Read more
USD/CHF inches lower as the US Dollar remains subdued amid easing Iran-Israel tensions and reduced safe-haven demand. The Greenback’s decline may face constraints due to uncertainties surrounding a ceasefire, with Netanyahu cautioning that the conflict with Iran and Hezbollah is far from over. SNB Chairman Martin Schlegel provided reassurance to markets, indicating that medium-term inflationary … Read more
EUR/USD remains stable near 1.1800 during the early European session on Friday. The European Union has suspended the trade agreement with the United States due to uncertainties surrounding tariffs. Eurozone inflation has decreased to its lowest point since September 2024. The EUR/USD pair is currently trading in a stable manner around the 1.1800 level during … Read more
GBP/USD dips to approximately 1.3485 during the early Asian session on Friday. The Gorton and Denton by-election heightens political uncertainty in the UK, putting pressure on the Pound Sterling. Market participants will pay close attention to the results of the Gorton and Denton by-election, as well as the release of the US January PPI report … Read more
The euro against the dollar sees a drop, hovering around 1.1860 in the early hours of the European session on Thursday. The favorable US jobs report tempers predictions for further Fed rate reductions, strengthening the US Dollar. The ECB is expected to maintain consistent rates through 2026, following its data-focused approach. The EUR/USD pair is … Read more
The GBP/USD pair is showing an upward movement around 1.3635, breaking a two-day decline during the early European session on Thursday. The initial estimate of the UK’s Gross Domestic Product for the fourth quarter is set to attract significant attention later on Thursday. The UK economy is projected to expand by 0.2% quarter-on-quarter in the … Read more
The British pound experienced a notable decline on Yesterday following the Bank of England’s policy decision, while the U.S. dollar continued to recover from prior weakness. GBP/USD moved lower during the session as markets reacted less to the unchanged policy rate and more to the shift in the voting pattern among policymakers. The rise in … Read more
The EUR/USD pair experienced a decline during the North American session, falling by 0.75%. This movement is attributed to a broader strengthening of the US Dollar, influenced by Trump’s moderate-hawkish selection to head the Federal Reserve and an inflation report that supports the case for maintaining steady interest rates by the Federal Reserve. Currently, the … Read more
