EUR/USD softens to approximately 1.1445 during the early Asian session on Wednesday. Fed’s Collins delivered hawkish remarks, indicating her support for a rate hike. Merz’s party experienced a significant defeat in a regional election, impacting sentiment within the Eurozone. The EUR/USD pair declines to approximately 1.1445 in the early Asian trading hours on Wednesday. The … Read more
The USD/CHF pair experiences depreciation as the US Dollar weakens in the context of enhanced risk-on sentiment. UOB Group strategists observe robust momentum; however, they assert that it is premature to validate a USD/CHF breach above 0.8300. Fed’s Musalem cautions that inflation may remain elevated, exceeding the 2% threshold, unless there are earlier and incremental … Read more
AUD/USD edges higher to approximately 0.7120 in the early European session on Tuesday. The hawkish tone of the RBA bolsters the Australian Dollar. Market participants are assigning a 56.5% likelihood to a Federal Reserve interest rate increase in October. The AUD/USD pair advances to approximately 0.7120 in the early hours of European trading on Tuesday. … Read more
EUR/USD registers slight increases near 1.1470 during the early hours of Tuesday’s Asian session. Political risks in Germany have escalated after the results of two more unsatisfactory state elections. Fed’s Musalem indicated that additional rate hikes are probably necessary to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around 1.1470 in the … Read more
The EUR/USD pair advances to approximately 1.1485 during the early hours on Monday. The Fed’s recent rate hike could support the US Dollar and limit the pair’s potential for appreciation. ECB’s Vujcic stated that energy is influencing rate expectations; however, the central bank will consider a wider array of indicators. The EUR/USD pair exhibits slight … Read more
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
