USD/JPY declines to approximately 156.45 during the early European session on Monday. Japan and the US have confirmed a joint intervention to buy JPY, indicating the possibility of further actions to stabilise the currency. Trump indicated that discussions with Iran would recommence on Monday following the cancellation of proposed military actions. The USD/JPY pair experiences … Read more
GBP/USD declines even with a softer US Dollar, as Trump’s halted strikes have enhanced diplomatic prospects between the US and Iran. President Trump indicated that nations in the Middle East have sought additional time to conclude an agreement with Iran. The Bank of England indicated potential interest rate increases should uncertainties stemming from the US-Iran … Read more
Swiss Franc retains its losses as the June Real Retail Sales data reported at 1.5%, falling short of the anticipated 3.1%. The US Dollar strengthened as traders exercise caution in response to hawkish sentiment from the Federal Reserve. Trump announced a significant agreement involving the disarmament of Hamas and the withdrawal of Israeli forces from … Read more
GBP/USD declines as a hawkish Federal Reserve pause and internal FOMC divisions strengthen the US Dollar. The Greenback may face challenges as easing risk aversion is influenced by recent diplomatic developments between the US and Iran. TD Securities observed a nuanced surprise from the Bank of England, as a 6-3 vote, featuring a hawkish dissent, … Read more
EUR/USD experiences slight declines, hovering around 1.1465 during the early hours of Thursday’s Asian session. While the Fed maintained its interest rates at the July meeting, Warsh asserted that the central bank would intervene on inflation if necessary. The preliminary readings of the Eurozone and German GDP for Q2 are anticipated later on Thursday. The … Read more
USD/JPY edges higher to around 163.50 in Thursday’s Asian session. The Federal Reserve voted 9–3 to maintain its benchmark interest rate within the target range of 3.50% to 3.75% during its July meeting. The Bank of Japan is poised to maintain its current interest rate levels this Friday. The USD/JPY pair records slight increases around … Read more
EUR/USD reaches new monthly lows beneath 1.1360, approaching 13-month lows at 1.1324. A subdued risk appetite in the context of declining oil prices has not been sufficient to bolster the Euro. The US Dollar rallies to fresh highs amid hopes of a surprise Fed rate hike on Thursday. The Euro is failing to draw any … Read more
EUR/USD commences the last week of July at 1.1369. Friday’s modest decline in energy prices diminished expectations that the Federal Reserve might raise rates as soon as its forthcoming meeting, set for Tuesday and Wednesday. Simultaneously, the primary currency pair hovers near the monthly low established in late June. Markets persist in anticipating a minimum … Read more
The EUR/USD pair is experiencing an upward movement as market participants look forward to the forthcoming interest rate decision from the European Central Bank. The ECB is anticipated to maintain its deposit rate at 2.25%, directing market attention towards Christine Lagarde’s forthcoming conference. The US Dollar encounters pressure as traders assess the implications of renewed … Read more
GBP/USD moves up to about 1.3385. UK CPI inflation decreased more than anticipated to 2.6% in June. US initiated new military actions while Iran cautioned about potential regional instability. The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair may be constrained in … Read more
