Francesco Pesole emphasizes that the ECB’s careful communication conceals a hawkish pivot, as officials are said to be contemplating an April rate increase should inflation exceed expectations. Current market conditions reflect expectations for earlier tightening and increased probabilities of consecutive rate adjustments. Economists anticipates a heightened upside potential for the Euro, suggesting that EUR/USD could … Read more
The GBP/USD pair experienced an increase in the previous session and is currently adjusting to 1.3403. The pound reacted favorably to the Bank of England’s choice to maintain interest rates at their current level, as market participants concentrated on the regulator’s insights regarding the potential impact of the Iran conflict on forthcoming policy decisions. The … Read more
EUR/USD falls to around 1.1465 in the early Asian session on Thursday. The Federal Reserve kept its overnight lending rate unchanged during the March meeting on Wednesday. The anticipation is that the ECB will keep the key interest rates steady at their existing levels this Thursday. The EUR/USD pair sees a drop, hovering around 1.1465 … Read more
The USD/JPY pair is experiencing a decline, approaching the 159.70 mark during the Asian trading session on Thursday. The BoJ is anticipated to maintain its benchmark rate at the current level on Thursday. The Federal Reserve opted to maintain its overnight lending rate at its March meeting on Wednesday. The USD/JPY pair is currently positioned … Read more
The US dollar experienced a slight decline on Tuesday, reflecting some hesitation in the market, which is understandable given the upcoming interest rate decisions from both central banks. USD/JPY has shown some weakness during Tuesday’s trading session, with the pair pulling back from the key 160 level. As both central banks prepare for policy announcements, … Read more
EUR/USD maintains a favorable position near 1.1450 during the Asian session on Monday. The pair maintains a bearish sentiment beneath the significant 100-day EMA, indicating that the most likely direction is downward, supported by an oversold RSI momentum. The primary resistance level to monitor is 1.1510, while the first support level appears at 1.1415. The … Read more
The GBP/USD pair shows strength, approaching 1.3255 during the early Asian session on Monday. The Federal Reserve is expected to maintain the current interest rates during its upcoming meeting in March on Wednesday. The Bank of England is anticipated to keep the rates steady on Thursday. The GBP/USD pair is showing strength around 1.3255 in … Read more
The EUR/USD exchange rate maintained its significant downward trajectory this week. The asset experienced a decline over three consecutive days, hitting a low of 1.1545, a decrease from the year-to-date peak of 1.2080. The EUR/USD pair has experienced downward pressure recently, declining from a peak of 1.2080 to its current level of 1.1545. This retreat … Read more
In the early Asian session on Thursday, USD/JPY has declined to approximately 158.85. Iran has initiated its most significant operation since the onset of the conflict, enhancing safe-haven inflows. The US Consumer Price Index increased by 0.3% month-over-month in February, aligning with expectations. The USD/JPY pair is experiencing slight declines, hovering around 158.85 in the … Read more
EUR/USD is advancing towards 1.1620 during the early Asian session on Wednesday. Trump’s assertion that the conflict would conclude “very soon” bolsters riskier currencies, including the Euro. Lagarde from the ECB remarked that the level of uncertainty and volatility is quite unexpected, and the institution will implement necessary measures to manage inflation. The EUR/USD pair … Read more