EUR/USD is showing resilience, approaching the 1.1490 mark during the early hours of the Asian session on Friday. The negative tone of the pair persists below the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.1475, while the first upside barrier is positioned at 1.1550. The EUR/USD pair is … Read more
The US 10-year yield declined to 4.93%, influenced by a decrease in crude prices that alleviated ongoing concerns regarding inflation. Crude prices experienced a decline as a result of Saudi pipeline restoration initiatives and the impending meetings between US and Gulf leaders. Fed Chair Warsh cautioned that inflation continues to be elevated, leading to an … Read more
AUD/USD is showing resilience as it approaches 0.7090 during the early hours of Thursday’s Asian session. The Fed has opted to raise the benchmark rate to a range of 3.75% to 4.0% as of Wednesday. The IMF indicated that the RBA ought to be prepared to increase rates as necessary, highlighting the potential risks associated … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening in anticipation of the Federal Reserve’s forthcoming rate decision. Robust inflation data from the United States has resulted in a 92.4% market expectation for an increase in the Federal Reserve’s interest rates. OECD has revised its projections for Swiss growth upward … Read more
USD/CAD is currently testing the immediate resistance level represented by the 50-day EMA at 1.3914. The 14-day Relative Strength Index is positioned around 54, indicating potential for a bullish breakout. The primary support is positioned at the nine-day EMA of 1.3861. During Asian hours on Tuesday, the USD/CAD pair traded at 1.3910, continuing its winning … Read more
The US Dollar Index has shown resilience as market participants assign an 87% likelihood to a quarter-point rate increase, driven by robust inflation figures. The Swiss Franc faces challenges stemming from the likelihood of an expanding interest rate differential between the US and Switzerland. The shifts in yen carry-trade are intensifying the selling pressure on … Read more
AUD/USD declines to approximately 0.7155 during the Asian session on Friday. Traders are increasing their positions on a potential rate hike in the US for September, driven by stronger-than-expected PPI data, which in turn bolsters the US Dollar. The RBA’s hawkish remarks have heightened anticipations for a rate increase in September. The AUD/USD pair experiences … Read more
EUR/USD appreciates to approximately 1.1630 during the early Asian session on Wednesday. The ECB is poised to increase its benchmark interest rates by 25 basis points during its upcoming policy meeting on Thursday. The key US inflation reports will attract significant attention later this week. The EUR/USD pair is experiencing upward momentum, approaching 1.1630 in … Read more
USD/JPY draws the attention of sellers around the 153.55 mark during the early hours of Wednesday’s Asian session. The Bank of Japan is expected to increase its key interest rate by 25 basis points in September. Market participants are closely monitoring the upcoming US inflation data for insights regarding the trajectory of interest rates in … Read more
GBP/USD strengthens to approximately 1.3545 during the early Asian session on Tuesday. UK Chancellor John Healey has announced reforms aimed at enhancing investment and regulation within the UK. Traders are increasing their positions on a potential US interest rate hike in September, spurred by strong US employment figures. The GBP/USD pair advances to approximately 1.3545 … Read more
