On Wednesday, EUR/USD experienced a decline exceeding 0.60%, trading below the 1.2000 level. This movement comes as the Federal Reserve maintains its current interest rates, with Fed Chair Jerome Powell opting not to address political inquiries, thereby adopting a neutral position on monetary policy. Currently, the pair is trading at 1.1955. The EUR/USD pair experiences … Read more
The USD/JPY pair shows slight upward movement around 158.45 in the early hours of the Asian session on Friday. The Japanese Yen experiences a decline against the US Dollar after the publication of Japanese inflation data. The focus will be on the Bank of Japan interest rate decision and the subsequent press conference scheduled for … Read more
The GBP/USD pair is experiencing upward momentum, reaching approximately 1.3400 in the early hours of the Asian session on Monday. The US Dollar is experiencing a decline in value relative to the Pound Sterling as US President Donald Trump issues new tariff threats towards Europe concerning Greenland. The US markets will remain closed on Monday … Read more
GBP/USD has breached the December uptrend after faltering just before resistance, indicating a significant change in the near-term framework. The pullback extended nearly 1.3% from the highs before rebounding, with the weekly opening range now established just above the 200-day moving average—breakout pending. Resistance levels are identified at 1.3474, 1.3500/02, and 1.3528, while support is … Read more
EUR/USD is in a consolidation phase on Wednesday, hovering around 1.1645, remaining unchanged as a risk-off sentiment driven by geopolitical uncertainties keeps traders cautious. The Eurozone presented a limited economic schedule, while the US had a more active one, indicating that factory input prices had increased, impacting traders’ expectations for a Fed rate cut in … Read more
The USD/CHF pair is experiencing slight increases, trading near 0.8010 in the early European session on Wednesday. The Greenback appreciates against the Swiss Franc following US inflation data that aligned closely with expectations. The upcoming release of the US Retail Sales and Producer Price Index reports is set to capture attention later on Wednesday. USD/CHF … Read more
GBP/USD shows strength, reaching approximately 1.3470 during the early European session on Tuesday. Renewed concerns regarding the Fed’s independence are putting pressure on the US Dollar in comparison to the Cable. Market participants are looking forward to the release of the US December CPI inflation data on Tuesday for new momentum. The GBP/USD pair moves … Read more
The GBP/USD pair sees interest from buyers near 1.3430 in the early hours of European trading on Monday. The Greenback weakens against the Pound Sterling following remarks from Federal Reserve Chair Jerome Powell, who indicated that US President Donald Trump threatened him with a criminal indictment, which has heightened concerns regarding the independence of the … Read more
The carry trade continues to be a significant influence currently in many of the Japanese yen-related pairs, particularly in the USD/JPY market. The US dollar experienced a slight decline against the Japanese yen at the beginning of Thursday’s session; however, recent movements indicate a potential shift towards upward momentum. The carry trade continues to be … Read more
EUR/USD declines for the fourth consecutive day on Thursday, influenced by stronger-than-anticipated jobs economic data. The data from the Eurozone confirmed to traders that the European Central Bank’s easing cycle has concluded, as producer prices in the region experienced deflation in December. Currently, the pair is trading at 1.1652, reflecting a decrease of 0.19%. EUR/USD … Read more