GBP/USD is currently trading around 1.3149, having recently approached a seven-month low after reaching 1.3010 earlier in November. This movement indicates a currency grappling with the challenges posed by diminishing UK fiscal clarity, weakening growth momentum, and an unsettled U.S. rate environment. The pair’s modest recovery to 1.3145 was solely a result of the Dollar … Read more
Investor sentiment towards risk stayed strong on Wednesday as the US House geared up to vote on concluding the longest government shutdown in American history. As we reach the 43rd day, a favorable vote would enable government agencies to start disseminating a significant backlog of economic data in the upcoming weeks — data that is … Read more
The EUR/USD has ascended into the 1.1615–1.1630 range following a breach of a resistance level that had held the pair back for several weeks. This movement was propelled by a U.S. Dollar that experienced immediate weakening after the conclusion of a 43-day government shutdown, marked by a close 222–209 vote in the House. The recent … Read more
The USD/CHF experienced a significant decline. However, it continues to operate within a wide consolidation range. Support is positioned around 0.79, and a breakout above 0.8150 may trigger bullish momentum, particularly with the possibility of SNB intervention on the horizon. The US dollar has experienced a notable decline against the Swiss franc during trading on … Read more
The U.S. dollar experienced a decline in the early part of the Monday session, but subsequently rebounded, demonstrating renewed strength against the Canadian dollar once more. Ultimately, the Canadian dollar faces several challenges, chief among them being the sluggish nature of the Canadian economy itself. Additionally, we must consider the implications of the trade war … Read more
GBP/USD remained around 1.3120, showing a decline in momentum after it was unable to maintain its position above the 1.3170–1.3180 range earlier in the session. The pair’s short-term trajectory is limited by declining UK employment data, which has strengthened expectations that the Bank of England may consider rate cuts earlier than previously thought. The UK … Read more
The AUD/USD exchange rate has been stable within a tight range at a significant support level following the Reserve Bank of Australia’s decision to keep interest rates steady. The asset was priced at 0.6500, a decline from the year-to-date peak of 0.6700. The AUD/USD pair responded to the recent RBA interest rate decision, where officials … Read more
The EUR/USD pair is currently positioned at approximately 1.1566 during late New York trading, showing a slight recovery from the previous week’s low of 1.1467, the lowest point since early August. The rebound came after a two-day rally that pushed the pair above the 1.1550 handle; however, the overall sentiment remains cautious as markets grapple … Read more
The USD/JPY pair declined to ¥153.41, reflecting a 0.38% decrease for the week, as Japan’s fresh intervention warnings coincided with increasing uncertainty surrounding U.S. policy due to the extended government shutdown. Following a rise to an eight-month high around ¥154.48, the dollar-yen exchange rate shifted direction as Japanese authorities conveyed “high urgency” regarding the yen’s … Read more
The EUR/USD pair has demonstrated a calculated strength as the week concludes, maintaining a position near 1.1560, reflecting an increase of 0.16%. This movement comes as investors step back from the U.S. dollar, influenced by escalating political dysfunction in Washington and diminishing macroeconomic clarity. The ongoing U.S. government shutdown has reached its 38th day, significantly … Read more