The USD/CAD rises to 1.3660 while still adhering to a bearish trend. Investors exhibit a degree of caution in light of the ambiguous signals emanating from the US-Iran peace negotiations. Kevin Warsh, the nominee for Fed Chair, is scheduled to testify at the confirmation hearing later on Tuesday. The US Dollar exhibits slight gains against … Read more
The British pound is currently trading at 1.3507, reflecting a decrease of 0.18% for the session after retreating from a daily peak of 1.3539. The currency is now engaged in a tight range contest between 1.3500 and 1.3600, influenced by three concurrent macroeconomic factors. March US retail sales showed a robust increase of 1.7%, surpassing … Read more
The euro is trading at approximately 1.1760, reflecting a decline of about 0.25% for the session. This movement follows a decisive drop below the key level of 1.1750 during the American trading hours, influenced by three converging factors impacting the market simultaneously. Kevin Warsh’s Senate confirmation testimony is signaling a Fed regime change, the re-closure … Read more
The US Dollar-Japanese Yen pair is currently at 159.35, showing moderate gains after rebounding from the low of 157.59 recorded last Friday and successfully regaining the significant 159.00 level during Tuesday’s trading session. The pair is currently confined within a 150-pip compression range, oscillating between 158.50 and the significant 160.00 ceiling. Each attempt to rally … Read more
The cable experienced a recovery after an early drop attributed to escalating tensions in the Middle East. Rising oil prices and disturbances in Hormuz have kept global inflation worries alive. Sentiment in the UK indicated a decline as market participants braced for forthcoming jobs data and comments from the Federal Reserve. GBP/USD indicates a rebound … Read more
The USD/CAD has reached new three-week lows at 1.3670 after experiencing a five-day decline. The potential for a resolution in the US-Iran conflict continues to exert downward pressure on the safe-haven USD. Canada’s CPI figures, set to be released on Monday, are anticipated to indicate increased inflationary pressures for March. The US Dollar continues its … Read more
The British pound made a significant move against the 1.3600 barrier on Friday, surging from the 1.3520 area during the European morning to reach an intraday high close to 1.3595. This shift occurred as the geopolitical risk premium supporting the dollar diminished following Iran’s announcement to reopen the Strait of Hormuz. The pair concluded the … Read more
The most actively traded currency pair has successfully challenged the resistance zone that has hindered all upward movements for the last fortnight. The EUR/USD surged to an intraday peak of 1.1849 on Friday, ultimately closing near 1.1814 during the New York session. This movement extends a two-week rally that has propelled the pair from the … Read more
The USD/JPY experienced a decline, reaching 158.18 in Friday afternoon trading, reflecting a decrease of 0.61% for the session and marking the third consecutive week of downward movement for the pair. The Japanese Yen has garnered significant support against a weakening US Dollar, as the pair fluctuates within its defined one-month consolidation range of 157.50 … Read more
AUD/USD maintains its position around 0.7180 during the Asian session on Thursday. Australia’s Unemployment Rate remained stable at 4.3% in March, consistent with expectations. Market participants will pay careful attention to geopolitical developments in the Middle East. The AUD/USD pair maintains a favorable position near 0.7180 in the Asian trading session on Thursday. The Australian … Read more