The GBP/USD pair is currently exhibiting a stable performance, hovering around 1.3465 in the early hours of European trading on Thursday. Markets exhibit a cautious stance as traders anticipate the release of significant US economic data this week. The weekly US Initial Jobless Claims report is set to be released later today, preceding the much-anticipated … Read more
The USD/CHF pair is currently positioned in negative territory around 0.7950 in the early European session on Wednesday. The US Dollar is experiencing a decline against the Swiss Franc due to ongoing geopolitical tensions and the dovish remarks made by officials from the US Federal Reserve. Market participants will monitor the upcoming US ISM Services … Read more
EUR/USD recovers from the lows of 1.1710 as risk appetite strengthens, even in light of geopolitical developments related to Venezuela. Soft US manufacturing data exerts downward pressure on the US Dollar, even in light of Kashkari’s hawkish remarks. Market participants are closely monitoring upcoming Eurozone PMIs, inflation figures, and significant US reports, including NFPs, for … Read more
The US dollar experienced an initial surge against the yen; however, it is important to highlight that the markets continue to incentivize holding the USD/JPY pair on the long side. The US dollar experienced a slight rally during Friday’s trading session; however, we have retraced some of those gains. It is not particularly surprising, nor … Read more
The EUR/USD experienced a slight decline, indicating a lack of momentum to surpass the 1.18 threshold. That does seem logical, especially with the New Year holiday approaching. The majority of participants are not actively trading, and in the absence of that momentum, it becomes challenging to surpass what has clearly been a significant resistance level … Read more
EUR/USD experiences a decline, settling at approximately 1.1745 during the early Asian session on Wednesday. According to the Fed Minutes, a majority of officials anticipate further reductions in interest rates. The ECB maintained interest rates at their current level earlier this month and suggested that they are expected to stay stable for the foreseeable future. … Read more
GBP/USD shows resilience around 1.3510 during the Asian session on Tuesday. The anticipation of a gradual monetary easing path by the BoE in 2026 bolsters the Pound Sterling. The initial resistance level is identified at 1.3550, while the primary support level to monitor is at 1.3410. The GBP/USD pair is experiencing slight upward movement, currently … Read more
Euro bulls made an effort to drive the EUR/USD pair closer to the significant resistance level at 1.1800 and are maintaining their gains as Wednesday’s session begins. The onset of the annual holiday season is upon us, characterized by diminished market liquidity and the inclination of investors to establish positions for the upcoming year, aiming … Read more
The EUR/USD pair fell to approximately 1.1700 following the European Central Bank’s decision to keep key interest rates steady, a move that was largely expected and offered minimal new direction for the single currency. The main refinancing rate was maintained at 2.15%, while the deposit facility rate remained steady at 2.0%. ECB officials reaffirmed their … Read more
The USD/CHF pair demonstrated strength following the release of soft U.S. CPI data, supporting a range-bound yet constructive outlook. Central bank dynamics continue to point toward potential downside support, while a longer-term bullish breakout in USD/CHF could emerge if key technical levels are breached. The pair experienced notable volatility during Thursday’s session, which was expected … Read more