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
The EUR/USD pair advances to approximately 1.1645 in the early European session on Tuesday. The anticipation of a US interest rate cut on Wednesday exerts pressure on the US Dollar in comparison to the Euro. Market participants will monitor the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October, … Read more
The Euro experienced a slight decline on Thursday as market participants analyze the latest US employment figures while preparing for the upcoming release of the Federal Reserve’s favored inflation measure, the Core Personal Consumption Expenditures Price Index. Currently, the EUR/USD is positioned at 1.1649, reflecting a decrease of 0.19%. US Initial Jobless Claims experienced a … Read more
The USD/JPY pair declined to 155.67 on Wednesday, managing to recover a portion of the significant losses incurred in the prior session. The decline was influenced by renewed pressure on the US dollar, as market expectations for a more extensive Federal Reserve easing cycle gained momentum. Investor focus domestically is sharply directed towards the potential … Read more
EUR/USD holds steady around the 1.1600 level, recording slight gains of more than 0.15% on Monday as the Greenback declines in response to hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan. The limited economic agenda on both sides of the Atlantic enhanced the Euro’s outlook. The Euro experiences a slight increase … 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
The GBP/USD pair is experiencing a slight increase, currently trading at approximately 1.3239, after a brief halt in its five-day upward trend. Although the pair has moved back into positive territory, attention from investors has turned to the fundamental strength of the UK economy and the reliability of the recently introduced budget measures. The underlying … Read more
The GBP/USD pair continued its upward movement, hitting 1.3189, as market participants anticipate the specifics of the UK budget, which is set to be unveiled today, 26 November. The focus is squarely on Chancellor Rachel Reeves and her approach to addressing the fiscal deficit while complying with the government’s established budgetary guidelines. This challenge necessitates … Read more
The USD/JPY pair experienced a reversal, declining by over 0.54% on Tuesday. This movement comes as investors gained confidence in the likelihood of a Federal Reserve rate cut during the December meeting, prompted by a soft US inflation report and weaker-than-anticipated Retail Sales data. As of the current analysis, the pair is trading at 155.98, … Read more
EUR/USD remains stable on Monday, showing slight increases of over 0.10%, while the US Dollar consolidates in the wake of dovish remarks from Federal Reserve officials. Despite the rising expectations for a rate cut, the pair is currently trading at 1.1525, having reached a daily high of 1.1550. EUR/USD moves upward as the US Dollar … Read more