Forex News+ Updates 
AUD/USD edges higher to approximately 0.6950 in Friday’s Asian session. The RBA’s Hunter has reiterated that the board will implement the necessary measures to reduce inflation to its target level. Fed’s Williams stated that he is not anticipating a prolonged rise in energy prices. The AUD/USD pair draws interest from buyers around the 0.6950 mark … Read more
The pound is experiencing a notable period of activity. GBP/USD is trading near 1.3431 on Friday, extending a recovery to fresh one-year highs as sterling continues to outperform while the dollar loses some of its defensive appeal. The pair has risen for a third consecutive session, surpassing 1.34 after a brief dip below 1.3350 earlier … Read more
The euro is holding steady on Friday, with EUR/USD positioned around $1.1420, remaining at the lower end of a range it has occupied throughout the year. The pair has retraced from Thursday’s advance towards $1.1438 and currently hovers just above the critical threshold: the $1.1400 support, which has emerged as the pivotal point in the … Read more
The dollar-yen pair is exhibiting significant volatility. USD/JPY is trading near 161 on Friday following a strengthening of the Japanese yen past 161.5 per dollar, effectively reversing nearly all of its earlier losses from the week. This marks a significant turnaround from Thursday, when the yen had declined toward 162.5, reaching new 40-year lows. The … Read more
USD/CAD softens to approximately 1.4165 during Thursday’s Asian session. US and Iran exchange strikes for a second consecutive day following Trump’s declaration that the ceasefire is ‘over.’ Traders increased their expectations regarding a potential interest rate hike by the Bank of Canada this year. The USD/CAD pair declines to approximately 1.4165 during the Asian trading … Read more
GBP/USD is currently positioned above 1.3400 on Thursday, exchanging at approximately 1.3415 during the early hours of European trading, maintaining a positive outlook as it continues to capitalise on the gains observed on Wednesday. That level is of paramount importance on the chart: 1.3400 represents the position of the 200-day moving average, which has consistently … Read more
EUR/USD is trading near 1.1425 on Thursday, remaining unchanged for the session and hovering close to its lowest level in a year, as the market anticipates two significant events occurring simultaneously: the ECB’s Monetary Policy Meeting Accounts and U.S. weekly jobless claims. The pair settled around 1.1450 earlier as demand for the dollar cooled, then … Read more
USD/JPY is trading around 162.5 on Thursday, keeping the Japanese yen close to a 40-year low as the renewed U.S.-Iran conflict drives oil prices higher and adds fresh pressure to Japan’s oil-dependent economy. The pair hovers just shy of its multi-decade peak at 162.84, having increased approximately 11% over the past year. This week’s upward … Read more
USD/CAD rises as safe-haven demand bolsters the US Dollar in light of renewed geopolitical tensions. NY Fed President Williams conveyed a diminished concern regarding inflation, referencing an anticipated ongoing decline in energy prices. The CAD may receive support from elevated oil prices, which have surged due to US airstrikes and the revocation of Iranian sanctions … Read more
GBP/USD demonstrated its resilience on Wednesday. While the euro was pulled down to its 1.1400 critical support level due to the Iran shock, cable managed to rise above 1.3450 during the European session, as the renewed tensions in the Middle East did not provide any impetus for the U.S. dollar. Trump declared the Iran ceasefire … Read more