The EUR/USD pair experiences an uptick as the US Dollar weakens in response to the announced buyback plans for US Treasury bonds. Escalating geopolitical tensions between the US and Iran may bolster demand for safe-haven assets, thereby constraining additional losses for the US Dollar. Above-target Eurozone inflation bolsters expectations for additional ECB rate hikes, supporting … Read more
GBP/USD strengthens to approximately 1.3645 in the early Asian session on Friday. A disappointing US jobs report and softer inflation data have tempered expectations for a more stringent monetary policy from the Federal Reserve. The Bank of England is anticipated to maintain interest rates for the rest of the year. The GBP/USD pair exhibits resilience … Read more
The Canadian Dollar gains support as higher oil prices are propelled by escalating US-Iran tensions concerning the Strait of Hormuz. Washington intends to exert maximum economic pressure on Iran to prevent a large-scale military conflict and to compel negotiations. The US Dollar may find underlying support as Treasury yields resume their upward trend despite bond … Read more
AUD/USD edges higher to approximately 0.7135 in Friday’s Asian session. Traders continue to express concerns regarding the increasing US debt, which poses a threat to the stability of the US Dollar. The RBA encounters increasing pressure to halt rate hikes as unemployment experiences another uptick. The AUD/USD pair is experiencing upward momentum, approaching 0.7135 during … Read more
Strong inflation in the Eurozone, coupled with escalating petrol prices, bolsters expectations for additional interest rate increases by the ECB. Resurgent US Treasury yields may limit EUR/USD gains despite the Treasury’s bond buyback efforts. Fed’s Musalem observes that financial conditions are accommodative, yet cautions that the underlying inflation rate of 2.5%–3% is still excessively elevated. … Read more
The USD/CHF pair experiences an upward movement as geopolitical tensions and escalating oil prices enhance the demand for the US Dollar relative to the Swiss Franc. Hawkish FOMC Minutes bolster market anticipations for an additional Federal Reserve interest rate increase this year. The US Treasury expanded bond buybacks to cap surging yields, which could ultimately … Read more
AUD/USD encounters downward pressure as a lacklustre domestic labour report weighs on the Australian Dollar. Australia’s unemployment rate increased to 4.5% in July, exceeding market expectations of 4.4%. Fed Meeting Minutes indicated that officials preferred to raise rates in the near term should inflation remain persistent, following a steady target range of 3.5%–3.75%. AUD/USD has … Read more
Japan’s trade deficit for July amounted to JPY 634.5 billion, driven by import growth that surpassed record export figures. Elevated energy costs and broad interest rate differentials persist in exerting significant pressure on the Japanese Yen. Fed Meeting Minutes indicated that officials preferred to increase rates in the near term should inflation continue, following the … Read more
The USD/CAD pair has declined, driven by the upward momentum in oil prices, which has bolstered the commodity-linked Canadian Dollar. Crude oil prices experienced a significant increase as tensions in the Middle East intensified, coinciding with the stagnation of negotiations between the United States and Iran. Fed Meeting Minutes indicated that officials preferred to raise … Read more
EUR/USD edges higher to approximately 1.1585 in the early European session on Wednesday. The pair maintains a positive perspective above the 100-day SMA, supported by bullish RSI momentum. The first upside barrier emerges at 1.1614; the initial support level to watch is 1.1570. The EUR/USD pair is positioned in positive territory close to 1.1585 during … Read more
