GBP/USD has fallen below the critical support level identified at the 200-day Simple Moving Average of 1.3331, experiencing a decline of approximately 0.21% on Tuesday as market participants prepare for the Federal Reserve’s policy decision scheduled for Wednesday. Currently, the pair is trading below 1.3300, having previously peaked at 1.3356. GBP/USD has fallen below 1.3300 … Read more
The USD/JPY pair declined to 155.67 on Wednesday, managing to recover a portion of the significant losses incurred in the prior session. The decline was influenced by renewed pressure on the US dollar, as market expectations for a more extensive Federal Reserve easing cycle gained momentum. Investor focus domestically is sharply directed towards the potential … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
EUR/USD holds steady around the 1.1600 level, recording slight gains of more than 0.15% on Monday as the Greenback declines in response to hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan. The limited economic agenda on both sides of the Atlantic enhanced the Euro’s outlook. The Euro experiences a slight increase … Read more
EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more
EUR/USD shows a robust increase of more than 0.51% on Tuesday, driven by a declining US Dollar, as data strengthened traders’ expectations that the Federal Reserve could lower rates at the upcoming December meeting. Currently, the pair is trading at 1.1579, approaching the 1.1600 level. EUR/USD moves upward as stable PPI and disappointing Retail Sales … Read more
The GBP/USD pair is currently stable on Monday in the North American session, holding steady at approximately 1.3088 as market participants anticipate the upcoming release of the UK’s budget, with the week being shortened due to the US Thanksgiving holiday. GBP/USD remains stable as market participants anticipate the UK Autumn Budget and assess the risks … Read more