EUR/USD is currently trading in a stable manner at approximately 1.1590 during the early hours of Thursday’s Asian session. Traders have increased their wagers on a September rate hike following the remarks made by Fed Warsh. ECB’s Makhlouf stated that the central bank must be ready to increase interest rates further. The EUR/USD pair remains … Read more
GBP/USD has weakened to approximately 1.3550 during the early Asian session on Tuesday. Trump indicated that Washington would take action in response to Iranian attacks on US forces. The US ISM Manufacturing PMI report is scheduled for release on Tuesday, preceding the US jobs data. The GBP/USD pair is experiencing slight declines, hovering around 1.3550 … Read more
EUR/USD is showing resilience as it approaches 1.1590 during the early hours of the European session on Monday. Fed’s Warsh signalled that further tightening may be needed to curb price pressure. The first upside barrier is identified at 1.1677, while the initial support level is observed at 1.1570. The EUR/USD pair is currently positioned in … Read more
The USD/CHF pair experiences an increase after a strong US Retail Sales report bolsters the US Dollar. Stephen Miran’s resignation from the Fed Board creates an opportunity for Kevin Warsh to take on the position of Federal Reserve Chair. Persistent deflationary trends inhibit any potential interest rate hikes, prompting the SNB to maintain lower rates … Read more
GBP/USD remains steady at approximately 1.3695 during the early Asian session on Monday. Anticipations regarding Warsh’s stance being more hawkish compared to other possible candidates may support the US Dollar. The Bank of England is expected to maintain the key interest rates at their current levels during the upcoming meeting on February 5. The GBP/USD … Read more
