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
The EUR/USD pair has experienced a decline, approaching the 1.1465 level during the early European session on Monday. The pair maintains a bearish sentiment, with downside pressure dominating as the RSI remains below the midline. The initial downside target to monitor is 1.1450, while the immediate resistance level is identified at 1.1570. The EUR/USD pair … Read more
USD/CHF maintains its position at a nearly seven-month peak of 0.8091. The US Dollar gains support as a renewed US-Iran peace deal elevates safe-haven demand. The SNB will engage in the sale of Swiss Francs should a swift appreciation pose a risk to price stability. USD/CHF remains stronger for the fourth consecutive day, trading around … Read more
During Friday’s early Asian session, EUR/USD moves up to about 1.1460. With the US announcing the end of its blockade, the US-Iran interim ceasefire agreement has taken effect. In anticipation of the possibility that the Federal Reserve would start raising interest rates as early as late next month, traders have positioned themselves more and more. … Read more
USD/CHF extends its upside to near 0.8075 in Friday’s early European session. US Vice President JD Vance has cancelled a scheduled visit to Switzerland for discussions with Iran. The SNB has maintained its key interest rate at 0%, emphasising the importance of currency risks in its monetary policy considerations. The USD/CHF pair advances to approximately … Read more
EUR/USD maintains a favourable position near 1.1515 during the early hours of Thursday’s Asian session. Trump and Pezeshkian signed the US-Iran MoU to end the war. The Federal Reserve opted to maintain its benchmark interest rate during its June policy meeting, aligning with market expectations. The EUR/USD pair recovers some lost ground near 1.1515 during … Read more
EUR/USD remains stable around 1.1610 during the early Asian session on Wednesday. The Federal Reserve is poised to maintain its benchmark interest rate at the upcoming June policy meeting. Trump may unveil the US-Iran deal prior to Friday. The EUR/USD pair remains stable around 1.1610 in the early hours of the Asian session on Wednesday. … Read more
