Foreign Exchange Market
FX News USD/JPY Slips as Yen Gains Ahead of US CPI Data
The yen remains cautious beneath the 159.00 mark as market participants await the forthcoming US inflation data. US CPI data is anticipated to indicate a reduction in inflationary…
FX News EUR/USD Holds Near 1.1540 as Markets Await Key US Jobs Data
EUR/USD starts the week at approximately 1.1540. In the wake of a tumultuous week, market focus has transitioned from the Federal Reserve meeting to the latest US economic…
FX News GBP/USD Rebounds Despite Softer UK Inflation
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…
FX News USD/CHF Higher as Middle East Risks Support Greenback
The USD/CHF has experienced an increase, driven by heightened safe-haven demand for the US Dollar in the context of escalating geopolitical tensions between the US and Iran. President…
FX News EUR/USD Eases as Markets Turn Risk-Off
EUR/USD is experiencing slight declines, hovering around 1.1410 in the early hours of Tuesday’s Asian session. The United States has initiated new military actions against Iran, while the…
FX News USD/JPY Rises as Middle East Tensions Lift Safe-Haven Dollar
USD/JPY is experiencing slight upward movement, trading at approximately 162.40 during the Asian session on Friday. The US has been conducting significant strikes on Iran for the sixth…
FX News USD/CHF Trades Flat After Cooling U.S. CPI Data
The USD/CHF pair exhibits minimal movement as the US Dollar experiences a decline following soft inflation data, which has heightened expectations for a less hawkish Federal Reserve. US…
FX News USD/JPY Eyes 40-Year High Above 162
USD/JPY may rise toward the 40-year high of 162.84. The 14-day Relative Strength Index’s decline to the mid-50s suggests that consolidation is mitigating earlier overbought conditions. The currency…
FX News GBP/USD Falls as UK Political Risks Pressure the Pound
GBP/USD softens to near 1.3245 in Wednesday’s early Asian session. The political risks in the UK, along with the repricing by the Bank of England, may exert downward…
FX News USD/CHF Near Seven-Month High on Safe-Haven Demand
USD/CHF maintains its position at a nearly seven-month peak of 0.8091. The US Dollar gains support as a renewed US-Iran peace deal elevates safe-haven demand. The SNB will…
FX News GBP/USD Holds Steady Ahead of UK GDP Data
GBP/USD remains stable around 1.3415 during the early European session on Friday. The cross maintains a bearish sentiment below the 100-day SMA. The immediate resistance level is identified…
FX News EUR/USD Slips as Middle East Tensions Boost Dollar
The EUR/USD pair has softened to approximately 1.1540 during the early Asian session on Wednesday. The US initiated military strikes against Iran in response to the incident involving…
