GBP/USD advances to approximately 1.3360 during the early European session on Friday. The major pair continues to be constrained beneath the significant 100-day moving average. The first upside barrier emerges at 1.3410; the initial support level is seen at 1.3300. The GBP/USD pair is positioned in positive territory, hovering around 1.3360 in the early European … Read more
The EUR/USD pair is experiencing modest gains, hovering around the 1.1380 mark during the early hours of Thursday’s Asian session. Fed’s Warsh indicated that decisions regarding interest rates will be conducted in private sessions and dismissed the notion of providing forward guidance. Eurozone inflation moderated more than anticipated last month, thereby reducing the urgency for … Read more
EUR/USD has declined to approximately 1.1410 during the early Asian session on Wednesday. Cooling inflation in Germany has diminished expectations for ECB rate hikes. The US economy continues to demonstrate resilience, providing the Federal Reserve with sufficient latitude to uphold its hawkish monetary policy approach. The EUR/USD pair experiences a decline in momentum, approaching 1.1410 … Read more
USD/CHF is strengthening as expectations for a Fed rate hike continue to rise. The CME FedWatch tool indicates that markets are assigning a 63.4% likelihood to an interest rate hike in September. Swiss investor sentiment experienced a significant decline, dropping to -25.0 in June from -11.1 in May, and continues to reside firmly in negative … Read more
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