The euro traded at $1.15745 against the dollar on Tuesday, reflecting a decline of 0.06% during the session, following a retreat below the 1.1600 threshold during Asian hours. That signifies the third consecutive session in which the pair has approached the figure and failed to close above it. The rejection sits directly atop a genuine … Read more
USD/JPY opened the week almost exactly where it closed. The pair sat at 159.097 as of 13:24 on Monday, having opened at 159.095, a move of two-tenths of a pip across the Asian session. That flat line is the story rather than an absence of one: the pair is catching its breath after one of … Read more
Cable achieved what the euro was unable to accomplish. GBP/USD continued its weekly ascent, maintaining a position above the 1.3500 mark and approaching the 1.3550 area — levels not seen in several weeks — before settling around 1.3530 amid slight selling pressure on the dollar. The pair remained constrained during the European session. It traded … Read more
On Tuesday, the USD/JPY exchange rate was recorded at 159.27, reflecting an increase of approximately 1.4% during the session. This rise followed a gain of over 150 pips during Monday’s US trading hours, successfully surpassing the 159.00 threshold. The pair is currently testing the upper boundary of the channel that has confined its movement since … Read more
The EUR/USD pair is currently positioned around 1.1550 during the European session on Monday, reflecting a decline of approximately 0.10%, with the latest mark at 1.1547 for the session. The pair is positioned just beneath Friday’s peak at 1.1581, marking the most robust level since June 17. The U.S. Dollar Index has rebounded by 0.12%, … Read more
USD/CAD advances as the US-Iran conflict and tensions in the Strait of Hormuz heighten market anxiety. Lowers September rate hike odds following an unexpected decline in Nonfarm Payrolls for July. Rebounding WTI prices may provide underlying support for the commodity-linked Canadian Dollar. USD/CAD recovers after experiencing losses exceeding 0.5% the previous day, currently trading near … Read more
GBP/USD traded at 1.3420 on Friday, reflecting a decline of 0.34% from the previous session, yet maintaining the 1.34 handle it regained following the Bank of England’s decision. Sterling appreciated by 1.09% throughout July and is currently 1.07% stronger on a year-over-year basis. The week produced the most pronounced structural change cable has experienced since … Read more
EUR/USD traded at 1.1501 on Friday, reflecting a decline of 0.23% from the prior session, yet remaining above the 1.15 threshold and close to its peak since June 16. The pair is poised for a monthly increase of approximately 0.8% to 1.09%, marking its most favourable month since the euro’s decline in the spring, while … Read more
The dollar-yen exchange rate was recorded at 160.80 on Friday, reflecting an increase of 0.78% during the session. This movement occurred less than eighteen hours following Japan’s execution of what seems to be the most significant single-day currency intervention in its history. The overnight move was marked by significant volatility. USD/JPY experienced a decline of … Read more
The yen changed hands around 163.7 per dollar on Tuesday, lingering near its weakest level in four decades after hitting a fresh 40-year low of 163.99 in the prior session. The pair has been consolidating in a tight band beneath 164.00, with the hourly chart showing a pullback from resistance at 163.900 to 164.000 and … Read more
