The EUR/USD pair has experienced a decline, approaching the 1.1380 level during on Monday. Hawkish remarks from the Federal Reserve have bolstered expectations for additional tightening measures. Markets are currently assigning approximately a 45% probability to an additional 25 basis points rate hike by the ECB in October. The EUR/USD pair declines to approximately 1.1380 … Read more
USD/CAD advances as the Canadian Dollar weakens amid expectations of a widening US-Canada interest-rate gap. The policy rate differential between the US and Canada is anticipated to expand in light of the Bank of Canada’s decision in September to maintain rates at 2.25%. The US Dollar may continue to strengthen as market expectations for a … Read more
GBP/USD advances on US Dollar weakness despite increasing market expectations for an October Federal Reserve rate hike. Geopolitical uncertainty persists in the aftermath of President Trump’s dismissal of Iran’s recent proposal concerning the Strait of Hormuz. The British Pound is experiencing an uptick as Bank of England policymakers indicate the possibility of rate hikes in … Read more
GBP/USD softens to near 1.3210 in the early European session on Friday. The pair maintains a negative outlook beneath the 100-day SMA, coinciding with an oversold RSI condition. The immediate resistance level is positioned at 1.3215; the initial support level to monitor is 1.3140. The GBP/USD pair is currently positioned in negative territory, trading at … Read more
The Canadian Dollar experiences a decline as oil prices fall, influenced by reports regarding US-Iran discussions aimed at reopening the Strait of Hormuz. Geopolitical tensions endure as Iran calls for the cessation of port blockades, while the United States upholds its resolute position. The US Dollar has appreciated in value as the CME FedWatch data … Read more
AUD/USD trades flat near 0.7010 on Friday. China’s Xi said Washington-Beijing ties reach a new historical milestone; major breakthroughs are not expected. The RBA is expected to raise its Official Cash Rate next week. The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments … Read more
The EUR/USD pair has softened to approximately 1.1375 during the early Asian session on Friday. Market participants are assigning approximately a 67.5% probability to the Federal Reserve implementing another rate hike during its upcoming meeting in October. Iran’s President stated that the US ‘must choose’ whether to bring an end to the conflict. The EUR/USD … Read more
GBP/USD is experiencing slight declines, hovering near 1.3240 during the early European session on Thursday. Stronger US PMI has intensified expectations for a Federal Reserve rate increase. Financial markets are presently assigning a probability of 67% to the likelihood of a rate hike by the Bank of England in November. The GBP/USD pair records slight … Read more
USD/JPY has declined to approximately 157.85 on Thursday. Japan’s 10-year JGB yield increased by 8 basis points to 3.055%, marking its highest level since August 1996. Fed’s Barr indicated that additional policy adjustments are probable to effectively manage inflation. The USD/JPY pair draws the attention of sellers, hovering around 157.85 during the Asian trading hours … Read more
The Canadian Dollar remains resilient against the US Dollar, despite ongoing uncertainties in the geopolitical oil market. The ongoing tension between Iran and the United States, coupled with the possibility of restrictions in the Strait of Hormuz, may lead to an increase in crude oil prices. Robust US manufacturing data has elevated the likelihood of … Read more
