The GBP/USD pair is currently positioned in negative territory around 1.3365 during the early hours of European trading on Thursday, influenced by the rebound in the US Dollar. Nonetheless, the potential downside could be constrained following the US Federal Reserve’s decision to implement a rate cut during its December policy meeting. Market participants prepare for … Read more
EUR/USD experienced a notable increase of over 0.59% on Wednesday following the Federal Reserve’s anticipated rate cut. This “dovish hold” led traders to move away from the Dollar and invest in the Euro. Currently, the pair is trading close to daily highs of 1.1695, following a rebound from daily lows of 1.1620. The EUR/USD pair … Read more
The USD/JPY pair is currently stabilizing around 156.57 on Wednesday, taking a breather following three straight days of upward movement. This stability persists even in light of a significant change in the statements made by Bank of Japan Governor Kazuo Ueda, who indicated that the central bank is nearing a sustainable achievement of its 2% … Read more
USD/JPY initially declined but strengthened following the U.S. core PCE aligning with expectations, with technical indicators suggesting a potential bullish rebound ahead. Support levels are holding steady, and the pair is likely to consolidate as it anticipates the forthcoming FOMC decision and press conference. The US dollar experienced a slight decline against the Japanese yen … Read more
The GBP/USD pair declines to approximately 1.3330 during the Asian trading session on Thursday. The major pair pulls back from a near two-month peak as demand for the US Dollar strengthens. Nonetheless, the increasing speculation regarding a potential Federal Reserve rate cut next week could limit its downside potential. Market participants will closely monitor the … Read more
EUR/USD increased by more than 0.40% on Wednesday following US economic data that strengthened expectations for a rate cut by the Federal Reserve at the upcoming December 9-10 meeting. The pair is currently trading at 1.1668, having recovered from daily lows of 1.1617. ADP indicates that US private companies have reduced employment at the quickest … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
The USD/CHF pair is currently positioned in negative territory around 0.8045 as the early European session unfolds on Tuesday. The potential for a US interest rate cut in December exerts pressure on the US Dollar relative to the Swiss Franc. Market participants prepare for the upcoming Swiss Consumer Price Index inflation report on Wednesday, alongside … Read more
The GBP/USD pair remains stable around 1.3245 in the Asian session on Monday as market participants analyze the implications of the UK’s Autumn Budget. The potential downside for the major pair appears constrained, given the increasing anticipation of a Federal Reserve interest rate cut in the upcoming December meeting. The US November ISM Manufacturing Purchasing … Read more
EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more