Forex News+ Updates

ForexNewsPlus Updates

AUD/USD Holds Gains as Softer US Inflation Weakens Dollar

by

The AUD/USD currency pair consolidated on Friday after recent gains throughout the week, supported by tamer-than-expected U.S. inflation readings that notably diminished the likelihood of a July rate hike. Bullish sentiment accelerated midweek following Federal Reserve Chairman Kevin Warsh’s characteristic reticence regarding the central bank’s strategy for addressing persistently elevated inflation, which has exerted downward … Read more

ForexNewsPlus Updates

GBP/USD Lacks Direction as Rate Gap Narrows

by

GBP/USD trades at 1.34744, reflecting a modest increase of 0.05% during the session, following a volatile week characterised by a rally to a multi-week high exceeding 1.3560, which was subsequently retraced almost entirely. The 50-period moving average is positioned at 1.34840. The 200-period is positioned at 1.34700. Spot is positioned between them, 9.6 pips beneath … Read more

ForexNewsPlus Updates

EUR/USD Rangebound Ahead of ECB Decision

by

EUR/USD trades at 1.1445, maintaining the 1.14 handle it has upheld for six weeks, exhibiting a lack of movement in the process. The pair concluded trading on July 13 at 1.13812 and on July 14 at 1.1421, subsequently oscillating within a 63-pip range in each session thereafter. The Dollar Index currently stands at 100.75, having … Read more

ForexNewsPlus Updates

USD/JPY Eyes 164 as Yen Struggles

by

USD/JPY is currently trading at approximately 161.70, having previously peaked in July above 162.80, which positions the yen precariously close to a 40-year low. The pair recorded 162.83 on June 30, marking the weakest level for the Japanese currency since 1986, and has since remained in the low 160s for the past three weeks. The … Read more

ForexNewsPlus Updates

AUD/USD Slips as Safe-Haven Demand Boosts US Dollar

by

AUD/USD faces challenges as the Australian Dollar continues to exhibit weakness in the wake of the Consumer Inflation Expectations report. US strikes on Iranian assets and a new naval blockade have prompted a significant increase in the demand for safe-haven assets. Fed Chair Kevin Warsh characterised the prevailing inflation as temporary on Wednesday. AUD/USD experiences … Read more

ForexNewsPlus News

GBP/USD Surges Above 1.35 on Strong UK GDP Surprise

by

Cable trades at 1.350171, reflecting an increase of 0.79% during the session — marking its strongest print since the highs observed in January and representing the first significant test of the 1.35 level in several months. The pair was positioned at 1.3401 during Wednesday’s European session, recorded at 1.3394 on July 12, and noted at … Read more

ForexNewsPlus Updates

EUR/USD Holds Near 1.145 as Fed Rate Edge Caps Euro Gains

by

The EUR/USD is currently at 1.1448, reflecting an increase of 0.13% over the past week, while showing a decline of 1.39% over the last thirty days. The pair has appreciated since Monday, yet it has shown no increase since January. The recent trajectory reflects a succession of unsuccessful attempts. On July 12, the pair was … Read more

ForexNewsPlus Updates

USD/JPY Near 40-Year Low as Yield Gap Keeps Yen Under Pressure

by

USD/JPY is currently at 162.14472, reflecting a decline of 0.03% for the session. The pair recorded a value of 162.1060 on July 15, reflecting a decrease of 0.09% from the prior close. The yen has depreciated by 1.05% in the last month and by 9.54% over the past twelve months. The yen last fell to … Read more

ForexNewsPlus Updates

AUD/USD Climbs Above 0.6980 Amid Dollar Weakness

by

AUD/USD maintains its upward trajectory, bolstered by a robust Australian Dollar that finds support from significant economic data published by its principal trading partner, China. China’s economy in the second quarter expanded by 0.9% on a quarter-on-quarter basis, a decline from the 1.3% growth observed in the first quarter, yet aligning with market expectations. The … Read more

ForexNewsPlus Updates

GBP/USD Near 1.34 as Markets Eye BoE and Fed

by

GBP/USD trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more