USD/CAD is experiencing depreciation as the commodity-linked Canadian Dollar finds support from the upward movement in oil prices. Oil prices increased following an attack on a vessel near Oman, which interrupted UN evacuations in the Strait of Hormuz, reigniting concerns over energy supply. The US Dollar may find support as increasing expectations of a Fed … Read more
Sterling is engaged in a challenging struggle on two fronts, as evidenced by the chart. GBP/USD is currently trading around 1.3195 in Friday’s dealings, maintaining slight gains above 1.32 after recovering from a seven-month low of approximately 1.3147 earlier this week. The pair has declined from its January 28 peak of 1.3824 — a drop … Read more
The euro is exhibiting behaviour this month that should cause discomfort for those adhering strictly to traditional trading principles: the European Central Bank has increased rates for the first time in three years, yet the single currency has declined regardless. EUR/USD is currently trading around 1.1387 in Friday’s transactions, positioned at the lower end of … Read more
The yen is currently at a low point. USD/JPY trades around 161.7 in Friday dealing, hovering near 40-year highs and pinning the Japanese currency at its weakest level since 1986. The pair has returned to nearly the 161.95 peak, having surpassed the early-May highs where Tokyo intervened, and it continues to ascend despite ongoing verbal … Read more
AUD/USD declines as the Australian Dollar maintains its losses in the wake of domestic labour market data. Australia’s unemployment rate decreased to 4.4% from 4.5%, with the economy adding a robust 40.3K jobs in May. The CME FedWatch tool shows that markets are currently assigning an 83.1% likelihood of rate hikes occurring by the end … Read more
The pound is experiencing pressure from both sides, leading to a decline to a seven-month low. GBP/USD traded around 1.3180 on Thursday, remaining just below the 1.3200 level following a recovery attempt, weighed down by a US dollar that has surged to its highest point since May 2025, alongside a UK environment characterised by political … Read more
The euro finds itself in a challenging position, constrained by a relentless dollar that shows no signs of backing down. EUR/USD traded around 1.1360 on Thursday, maintaining a position above the 1.1350 support level, which has established itself as a critical threshold, following a decline to its lowest point since mid-March. The pair has decreased … Read more
The yen is struggling, and Tokyo’s warnings have diminished in impact. On Thursday, USD/JPY was observed trading around 161.7, attracting new bids towards 162.00 and approaching a 40-year peak, positioning the Japanese yen near its lowest point against the dollar since 1986. The pair has disregarded a consistent stream of verbal intervention from Japanese officials, … Read more
USD/CAD softens to near 1.4205 in Wednesday’s Asian session. Iran’s Pezeshkian stated that there will be no negotiations regarding ballistic missiles. Traders are increasing their positions in anticipation of a US interest rate increase this year. The USD/CAD pair declines to approximately 1.4205 during the Asian trading hours on Wednesday. Nonetheless, the potential downside for … Read more
GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures pins the pound near the bottom of its range. The pair is little changed on the session but firmly on the defensive, weighed by UK political chaos on one side and a dollar near a one-year high … Read more