The USD/JPY pair experienced a notable increase, surpassing the 150 mark and hitting 153.27, the highest point in eight months. However, it subsequently pulled back to finish the week around 151.12, reflecting a gain of 2.49%. The decision was influenced by a blend of political and macroeconomic factors—most notably, Sanae Takaichi’s success in Japan’s LDP … Read more
The GBP/USD pair experienced a significant downturn this week, dropping to 1.3280, marking its lowest point in two months. This movement was influenced by a robust U.S. Dollar Index around 99.56 and growing concerns regarding the UK’s budget deficit, which negatively impacted market sentiment. The action highlights the extent to which the market is adjusting … Read more
The EUR/USD pair has recovered, rising to 1.1606, an increase of 0.37%, following four straight sessions of declines attributed to global risk aversion. The rebound occurred as the U.S. dollar experienced a significant decline after renewed tariff threats from Donald Trump, who declared a “massive increase” in duties on Chinese imports scheduled to take effect … Read more
The Japanese yen continued to weaken against the U.S. dollar, as USD/JPY rose to 153.06, approaching the upper limit of its anticipated trading range of 152.40 to 153.40, based on institutional data. The move resulted in a 0.25% daily gain, positioning the pair nearly 10% higher year-to-date, as the dollar maintained its dominance in the … Read more
GBP/USD has fallen to a new two-month low around 1.3280, representing its most significant drop since late August. The ongoing fiscal pressures in the U.K. continue to be a primary factor contributing to this weakness, as investors prepare for the Autumn Statement in November. Chancellor Rachel Reeves is anticipated to reveal new tax increases intended … Read more
The EUR/USD pair continued its downward trend on Friday, hovering around 1.1560, following a brief recovery towards 1.1590. This movement reflects market sentiment that favored the U.S. dollar, driven by increased political uncertainty in Europe and a general shift towards safer assets. The euro has depreciated over 1.4% this week, representing its most significant weekly … Read more
The USD/JPY pair surged past 151.00 this week, finishing above 153.00, and briefly reached new eight-month highs, hitting levels not observed since February 13. The pair subsequently declined following a cautionary statement from Japan’s Finance Minister Katsunobu Kato regarding “excessive” FX movements. The current price is centered at 153.00, with initial support levels positioned at … Read more
GBP/USD pair has experienced a significant decline, decreasing by 0.80% to 1.3296, reaching its lowest point since early August. The decline reflects the overall surge of the U.S. dollar, as evidenced by the Dollar Index climbing to 99.51, marking its peak in nine weeks. This shift occurs as investors gravitate towards the greenback in response … Read more
The EUR/USD pair experienced a significant drop on Thursday, reaching 1.1590, marking its lowest point in more than a month, as political instability in France coincided with a robust recovery in the U.S. dollar (DXY 99.00, +0.73%). The euro faced challenges maintaining the 1.1600 level due to increased risk aversion, disappointing German economic indicators, and … Read more
GBP/USD pair is currently positioned at approximately 1.3398, just under its intraday high of 1.3422, indicating a degree of caution near significant support levels. The pair has fluctuated between 1.32 and 1.36 for the majority of the quarter, with the 1.34 level becoming a critical point of contention between optimistic recovery expectations and a resurgence … Read more