Daily Forex Update
FX News USD/JPY Slips as Yen Firms on Intervention Concerns
USD/JPY has softened to approximately 162.45 during the early session on Thursday in Asia. Traders are closely monitoring the situation for potential intervention in the Japanese Yen. The…
FX News EUR/USD Slips as Iran Tensions Boost Dollar Ahead of Fed Minutes
The EUR/USD pair has retraced to the 1.1400 region following a rejection at 1.1430 earlier on Wednesday. Recent tensions between the US and Iran, coupled with investor caution…
FX News USD/CHF Rises as Safe-Haven Demand Boosts US Dollar
The USD/CHF experiences an uptick as the US Dollar strengthens in the wake of US airstrikes on Iran, prompted by attacks on ships in the Strait of Hormuz.…
FX News GBP/USD Gains on Weak US Jobs Data
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…
FX News EUR/USD Edges Higher as Fed Warsh Avoids Rate Guidance
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…
FX News EUR/USD Drops to 1.1410 as Eurozone Inflation Falls
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…
FX News USD/CHF Advances Toward 0.8100 on Hawkish Fed Outlook
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…
FX News EUR/USD Finds Support Near 1.1350 Before PCE Data
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…
FX News GBP/USD Edges Higher as Traders Await US Inflation Data
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…
FX News Euro dips under 1.1550 amid Middle East uncertainty
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…
FX News Swiss Franc Stabilises as Safe-Haven Demand Dips for US Dollar
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…
FX News EUR/USD hovers around 1.1800 as traders await US PPI data
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…
