EUR/USD remains steady around 1.1620 during the early hours of the Asian session on Friday. Market participants will pay keen attention to the forthcoming release of the US employment figures for May on Friday. The ECB is anticipated to increase its deposit rate to 2.25% during its June meeting. The EUR/USD pair remains stable at … Read more
The EUR/USD pair experiences depreciation as tensions in the Middle East catalyse an increased demand for the robust US Dollar, often regarded as a safe haven in times of uncertainty. CENTCOM announced it successfully intercepted multiple Iranian missile and drone strikes targeting Kuwait and Bahrain. The US Dollar maintains its strength as the closure of … Read more
The EUR/USD pair experiences a decline as the US Dollar gains strength, influenced by traders evaluating the latest developments in the ongoing US-Iran peace negotiations. Trump aims to modify the terms of the proposal concerning the Strait of Hormuz and the elimination of Iran’s highly enriched uranium. In May, inflation experienced an uptick throughout southern … Read more
The EUR/USD pair is experiencing slight upward movement, currently positioned at approximately 1.1655 during the early hours of the Asian trading session on Friday. The US and Iran have arrived at a preliminary accord; however, the agreement awaits the necessary approval from Trump. The annual US PCE rates aligned with forecasts; however, the monthly figures … Read more
The USD/CHF pair experiences appreciation as the US Dollar strengthens in response to geopolitical risks in the Middle East. MUFG Bank cautions that the US Dollar may strengthen if Washington and Tehran do not reach an agreement on extending the ceasefire. The Swiss Franc may find support stemming from a robust domestic economy. USD/CHF edges … Read more
GBP/USD is experiencing a decline in momentum, settling near 1.3400 during the early session on Thursday in Asia. The US military has conducted new strikes in Iran, while Trump has stated that he will not hastily pursue a deal with Tehran. Traders are scaling back their expectations for Bank of England rate hikes as worries … Read more
The EUR/USD remains steady at approximately 1.1640 during the early Asian session on Wednesday. Iran has issued a warning of potential retaliation following the US airstrikes on missile sites and mine-laying vessels. ECB’s Villeroy stated that the central bank will take the necessary measures to control inflation. The EUR/USD pair is currently trading in a … Read more
EUR/USD has softened to approximately 1.1635 during the early Asian session on Tuesday. On Monday, US forces executed defensive strikes in southern Iran. The likelihood of an ECB rate hike increases as the conflict in Iran drives inflation higher. The EUR/USD pair is currently positioned in negative territory, trading around 1.1635 during the early Asian … Read more
USD/CHF has demonstrated an upward trend, approaching around 0.7830 in the early European session on Tuesday. Recent US strikes have reduced optimism surrounding a peace deal, consequently strengthening the US Dollar. The pair sustains a pessimistic perspective below the 100-day EMA, coupled with bearish momentum indicated by the RSI. The first upside barrier is identified … Read more
EUR/USD moves upward, approaching 1.1640 during the early Asian session on Monday. The US and Iran have indicated advancements in discussions aimed at concluding the conflict. According to source, the case for a rate hike in June by the ECB is almost confirmed, while the situation for July remains entirely flexible. The EUR/USD pair is … Read more