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
EUR/USD is positioned on the threshold that will determine its trajectory for the next six months. The pair traded around 1.1400 on Wednesday, held at the critical support level it has consistently defended since March, as the dollar strengthened into the afternoon amid the same shock affecting all other markets. Trump announced the termination of … Read more
The Australian Dollar has weakened following June’s 0.2% decline in ANZ–Indeed Job Ads, which represents the third consecutive monthly decrease this year. Aaron Luk observed that job advertisements have decreased by 28% from their peaks in 2022, yet they continue to be significantly higher than the levels observed prior to the pandemic. AUD may experience … Read more
Attacks on ships in the Hormuz Strait have resulted in an increase in oil prices, thereby bolstering demand for the US dollar. The NY Fed survey indicates that households anticipate an increase in inflation. Burnham’s fiscal pledge constrains the potential for intensified political pressure on Sterling. The Pound Sterling retreats against the US Dollar on … Read more
The euro experienced a decline on Tuesday, July 7, relinquishing some of the gains achieved in the previous week as the US dollar stabilised and market participants adopted a cautious stance in anticipation of an upcoming period filled with significant data releases. EUR/USD was positioned near 1.1420, retreating from a recovery that had momentarily propelled … Read more
