The USD/CHF pair experiences an uptick as rising concerns over the Middle East conflict enhance global demand for safe-haven assets, particularly the USD. Uncertainty surrounding the Federal Reserve’s interest rate policy is becoming increasingly pronounced, driven by escalating oil prices and rising yields that stoke concerns about inflation. Cooling Swiss inflation to 0.4% suggests that … Read more
EUR/USD reaches new monthly lows beneath 1.1360, approaching 13-month lows at 1.1324. A subdued risk appetite in the context of declining oil prices has not been sufficient to bolster the Euro. The US Dollar rallies to fresh highs amid hopes of a surprise Fed rate hike on Thursday. The Euro is failing to draw any … Read more
EUR/USD edges higher to around 1.1385 in the early European session on Friday. ECB maintains current interest rates while leaving the possibility for further tightening on the table, thereby bolstering the Euro. The US military executed another series of strikes during the night aimed at Iranian targets. The EUR/USD pair strengthens to approach 1.1385 during … Read more
USD/JPY stabilises near 163.90 during the early hours of the Asian trading session on Friday. Japanese CPI inflation increased to 1.7% year-on-year in June, up from 1.5% in May. Trump pledged to impose consequences on Iran in response to the Houthi assaults in the Red Sea. The USD/JPY pair remains stable around 163.90 in the … Read more
GBP/USD is showing resilience, approaching the 1.3360 mark during the Asian session on Tuesday. Renewed US strikes on Iran and concerns regarding shipping in the Strait of Hormuz may limit the potential gains for the pair. BoE’s Pill indicated that interest rates are expected to increase in order to maintain control over inflation. The GBP/USD … Read more
EUR/USD edges down to near 1.1428 as the US Dollar rebounds. Investors are anticipating the release of the FOMC Minutes for new insights into the trajectory of US interest rates. Cooling Eurozone core inflationary pressures have alleviated concerns regarding additional interest rate hikes by the ECB. The EUR/USD pair is trading slightly lower, approaching 1.1428 … Read more
The Swiss Franc is currently lagging behind the US Dollar, which has managed to recover some of its previous losses. The US Dollar experiences a rebound despite a slight easing in the prospects for Fed interest rate hikes. Investors are closely monitoring the Swiss Unemployment Rate and the US ISM Services PMI for June. The … Read more
GBP/USD has softened to approximately 1.3240 during the Asian session on Tuesday. The US ADP employment data and the US NFP report are set to attract significant attention later this week. Economists anticipate that the BoE will maintain its benchmark interest rate at 3.75% until the conclusion of the year. The GBP/USD pair experiences a … Read more
The EUR/USD pair may experience a decline as the US Dollar is likely to strengthen due to the prevailing uncertainty associated with tensions in the Middle East. The US and Iran have temporarily halted hostilities in the Gulf to reengage in discussions regarding the Strait of Hormuz after a series of retaliatory strikes over the … Read more
USD/JPY is experiencing modest gains, hovering around 161.80 during the Asian session on Monday. The US and Iran seem to be resuming discussions aimed at concluding the conflict. Traders are closely monitoring the situation for potential Japanese Yen intervention, given the currency’s significant volatility around the 162.00 psychological threshold. The USD/JPY pair records slight increases … Read more