The EUR/USD pair fell to approximately 1.1700 following the European Central Bank’s decision to keep key interest rates steady, a move that was largely expected and offered minimal new direction for the single currency. The main refinancing rate was maintained at 2.15%, while the deposit facility rate remained steady at 2.0%. ECB officials reaffirmed their … Read more
The USD/CHF pair demonstrated strength following the release of soft U.S. CPI data, supporting a range-bound yet constructive outlook. Central bank dynamics continue to point toward potential downside support, while a longer-term bullish breakout in USD/CHF could emerge if key technical levels are breached. The pair experienced notable volatility during Thursday’s session, which was expected … Read more
GBP/USD exhibited volatility in anticipation of the Bank of England’s decision, as market participants concentrated on forward guidance instead of the anticipated rate cut. Price action indicates that dollar flows continue to be the main influence, while GBP/USD demonstrates notable strength. GBP/USD exhibited significant volatility during Wednesday’s session, which is to be expected with the … Read more
EUR/USD remains steady at approximately 1.1741 on Friday, showing little movement, as a series of Federal Reserve officials make statements, following the 25 basis points rate cut announced last Wednesday. Federal Reserve representatives emphasize worries about inflation, solidifying a cautious approach following the rate reduction on Wednesday. The attention of the market shifts towards postponed … Read more