The GBP/USD pair saw a notable drop, hitting 1.3048 on Thursday, driven by a combination of disappointing domestic inflation data and a stronger US dollar overall. The recent decline in the pound is linked to the latest UK Consumer Price Index report, which shows that inflation has eased to 3.6% year-on-year in October, meeting expectations. … Read more
EUR/USD declined by more than 0.49% on Wednesday, following the release of the Federal Reserve’s minutes, which suggested that the central bank might forgo an interest rate cut during the December meeting, as indicated. The pair is currently at 1.1524, following a daily low just below 1.1600. EUR/USD declines as the likelihood of a December … Read more
The EUR/USD pair has moved into negative territory today, dropping below the 1.1600 level for the second day in a row amid a risk-off sentiment. Investors are currently awaiting the earnings report from NVIDIA while also processing US labor market data and orders in anticipation of Thursday’s Nonfarm Payrolls report. The currency pair is currently … Read more
The Pound Sterling remains stable on Tuesday as traders express concerns regarding the economic outlook in the US, while market participants focus on the upcoming NVIDIA earnings for Q3, contributing to a decline in US equity markets. The GBP/USD is currently positioned at 1.3156, reflecting minimal movement. GBP/USD remains stable as market participants evaluate US … Read more
The EUR/USD experiences a decline during the North American session, down 0.30%, as the Greenback benefits from a robust recovery amid speculation that the Federal Reserve may maintain rates at their current level. The pair is currently at 1.1589, having peaked at a daily high of 1.1624. EUR/USD has pulled back to 1.1589 as market … Read more
The USD/JPY pair rose to 154.72 on Monday, approaching its peak levels since February, even in light of Japanese economic data that exceeded expectations. Japan’s GDP experienced a contraction of 0.4% quarter-on-quarter in Q3 2025, marking a reversal from the 0.6% growth observed in Q2. Nonetheless, this result surpassed the 0.6% decrease projected by economists. … Read more
The EUR/USD concluded Friday with a decline of 0.10%, yet the week wrapped up positively with an increase of 0.51%, as risk appetite waned due to rising speculation regarding a potential pause in the Federal Reserve’s easing cycle next month. Nonetheless, the pair concluded above the 1.1600 level, setting the stage for additional upward movement. … Read more
The GBP/USD pair experienced a decline to 1.3149 on Friday, remaining close to a seven-month low. The sell-off was initiated by the government’s sudden decision to forgo plans to increase income tax rates prior to the Autumn Statement on 26 November. Prime Minister Keir Starmer and Chancellor Rachel Reeves have eliminated the previously discussed hikes … Read more
The EUR/USD pair rises above the 1.1600 level on Thursday, hitting a two-week high of 1.1656, yet faces challenges in surpassing the important resistance point of the 50-day Simple Moving Average at 1.1661. Catalysts such as the reopening of the US government and high US Treasury yields failed to bolster the US Dollar, which continued … Read more
The Pound Sterling is gaining ground due to widespread weakness in the US Dollar as the US government reopens, which will reveal a series of economic data for traders and the Federal Reserve. GBP/USD is currently positioned at a two-week peak of 1.3197, reflecting an increase of 0.46%. GBP/USD reaches a two-week peak at 1.3197 … Read more