The USD/CAD pair rallied in the early part of Thursday’s session, although a slight pullback followed. Even so, traders should remain attentive, as the 1.40 level continues to act as a major support zone, strengthened further by the 50-day EMA. Given the current market setup, USD/CAD is expected to find renewed buying interest here, with … Read more
The GBP/USD shows a positive trend today as market participants raise their expectations regarding a potential rate cut by the Federal Reserve in December. The GBP/USD is currently at 1.3082, reflecting a 0.08% increase. The GBP/USD pair has risen to 1.3092 as market participants increase expectations for a potential rate cut by the Federal Reserve … Read more
The EUR/USD pair is currently positioned around 1.1500, experiencing a decline for the first time in three weeks. This movement is driven by robust U.S. business data, which bolsters the dollar’s strength and highlights the inherent weaknesses of the euro. Friday’s price movement indicates a distinct turning point: the U.S. Dollar Index is firmly positioned … Read more
The USD/JPY pair is currently positioned at 156.54, experiencing a minor decline following its recent peak of 157.89, which marked a high not seen in nearly ten months. The decrease occurred following new intervention warnings from Japan’s Ministry of Finance, prompting investors to reduce their long positions. Despite this brief correction, the pair continues to … Read more
The USD/CAD has surged during the trading session on Wednesday, with the 1.40 level continuing to provide support. All things considered, this market appears poised to trend upward, though the ascent will likely be gradual rather than swift. This is primarily due to the fact that many of the transactions occurring in this currency pair … Read more
The GBP/USD is experiencing significant downward momentum, currently trading around 1.3050 after a decline from 1.3215 earlier this week. The pair has declined for four straight sessions, influenced by hawkish Federal Reserve minutes, disappointing U.K. inflation data, and increasing speculation that the Bank of England may lower rates as soon as December. The current situation … Read more
The EUR/USD pair is currently under downward pressure, trading at approximately 1.1530, down from 1.1614 earlier this week. This shift occurs as the U.S. dollar maintains its upward trajectory, driven by the latest Federal Reserve minutes and a strong U.S. Nonfarm Payrolls report. The euro is encountering persistent difficulties as a result of underwhelming regional … Read more
The USD/JPY pair has risen to 157.70, reaching a peak not seen in 10 months, driven by the increasing policy divergence between the Federal Reserve and the Bank of Japan, which continues to bolster demand for the dollar. Market participants adjusted their forecasts for a December Federal Reserve rate cut, shifting from a near-certain outlook … Read more
The AUD/USD pair held steady on Wednesday morning after the Australian Bureau of Statistics released the latest wage price index data. It was at 0.6517, staying within a range it has held for the past few months. The AUD/USD exchange remained stable within a narrow range after the ABS released the wage price index, an … Read more
GBP/USD is experiencing significant selling pressure, currently trading near 1.3120, marking its lowest level in a week. This movement follows a mix of weaker UK inflation data, increasing U.S. yields, and growing domestic fiscal concerns. The pound has experienced a decline for four straight sessions, pulling back from the 1.3190 highs observed earlier this month … Read more