The USD/CHF remains steady as tensions between the US and Iran contribute to a cautious market atmosphere. US PMIs exceeded expectations, reaching multi-month peaks. From a technical standpoint, USD/CHF continues to trade below significant SMAs, maintaining a bearish outlook. The USD/CHF pair remains steady on Yesterday, exhibiting erratic price movements and fluctuations as market participants … Read more
The USD/JPY pair has weakened to approximately 159.35 during the Asian trading session on Thursday. Trump stated that the ceasefire established on April 7 would remain in effect indefinitely. The BoJ is anticipated to keep its policy rate steady at 0.75% in the upcoming April meeting. The USD/JPY pair experiences a decline, hovering around 159.35 … Read more
The USD/JPY pair rose to 159.36 in the middle of the week, as the Japanese yen weakened for the second day in a row. The market is currently factoring in the Bank of Japan’s policy outlook in anticipation of next week’s meeting. The regulator is expected to maintain current rates as it assesses the economic … Read more
On Tuesday, GBP/USD was observed at 1.3515, reflecting a strengthening of the US dollar. The pound faced increased pressure at the beginning of the week due to a significant escalation in the US-Iran conflict, as market participants expressed concerns over the potential collapse of the truce and shifted their investments towards safe-haven assets. Heightened tensions … Read more
EUR/USD experienced an upward movement on Monday following a correction, trending towards 1.1759. Previously, the US dollar had somewhat recovered after last week’s drop, bolstered by a heightened demand for safe-haven assets due to the intensifying US-Iran conflict. Donald Trump stated that the US Navy engaged and detained an Iranian vessel in the Gulf of … Read more
The EUR/USD pair experiences a decline, settling near 1.1780 during the early hours of the Asian session on Friday. Trump indicated that a permanent ceasefire between the US and Iran could be achievable, yet significant uncertainty persists. ECB policymakers continue to adopt a data-driven strategy. The EUR/USD pair is currently positioned in negative territory, hovering … Read more
The currency pair is currently supported at 0.7800, yet it continues to face resistance beneath the 0.7830 level. The possibility of a resolution in the Middle East conflict is influencing the recovery of the US Dollar. The pair is presently undergoing a downward adjustment after the upward movement noted from February to April. The US … Read more
The USD/JPY remains steady at approximately 159.65 during the early hours of Monday’s Asian session. Trump has indicated a potential response targeting Iran’s infrastructure on Tuesday should the Strait continue to be closed. Officials from the Bank of Japan indicated that a policy adjustment could be on the table should the weakness of the Yen … Read more
EUR/USD moves upward to approximately 1.1630 during the early Asian session on Wednesday. Trump indicated that the United States is engaged in discussions with Iran aimed at concluding the conflict. Analysts at Goldman Sachs anticipate that the ECB will raise rates in April and June. The EUR/USD pair shows resilience, approaching 1.1630 in the early … 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