GBP/USD traded near $1.3374 on Wednesday, easing after UK inflation cooled more than expected in June but remaining within the range that has constrained the pair for weeks. Headline consumer prices increased by 2.6% in June, a decrease from 2.8% in May and below the anticipated 2.7% projected by the market, primarily driven by lower … Read more
On Tuesday, the USD/JPY currency pair hovered around 161.50, reflecting a modest increase of 0.14% within a constrained range of 160.47 to 161.52. This positioning remains just beneath the 162 threshold, which recently represented its highest level in approximately four decades—a peak that has not been maintained since the mid-1980s. The yen remains anchored near … Read more
USD/CAD declines to approximately 1.4005 during the Asian session on Monday. Iran announced that it aimed at US aircraft located in Jordan. Cooling in June’s US inflation data significantly reduced the immediate likelihood of a Fed rate hike in July. The USD/CAD pair continues to decline, approaching 1.4005 during the Asian trading hours on Monday. … Read more
GBP/USD remains stable around 1.3450 during the early Asian session on Monday. The US initiated a fresh series of strikes against Iran on Sunday, thereby prolonging its military operations into a ninth consecutive night. Andy Burnham ascends to the position of UK Labour leader, marking a pivotal step prior to his potential assumption of the … Read more
The dollar maintained its position close to a four-decade high against the yen on Monday, with USD/JPY trading approximately 162.40 after reaching a 40-year peak of 162.84 on July 1. The Japanese currency has exhibited the most significant depreciation among major currencies this year, declining by 9.15% against the dollar over the past 12 months … Read more
The AUD/USD currency pair consolidated on Friday after recent gains throughout the week, supported by tamer-than-expected U.S. inflation readings that notably diminished the likelihood of a July rate hike. Bullish sentiment accelerated midweek following Federal Reserve Chairman Kevin Warsh’s characteristic reticence regarding the central bank’s strategy for addressing persistently elevated inflation, which has exerted downward … Read more
USD/JPY is currently trading at approximately 161.70, having previously peaked in July above 162.80, which positions the yen precariously close to a 40-year low. The pair recorded 162.83 on June 30, marking the weakest level for the Japanese currency since 1986, and has since remained in the low 160s for the past three weeks. The … Read more
AUD/USD maintains its upward trajectory, bolstered by a robust Australian Dollar that finds support from significant economic data published by its principal trading partner, China. China’s economy in the second quarter expanded by 0.9% on a quarter-on-quarter basis, a decline from the 1.3% growth observed in the first quarter, yet aligning with market expectations. The … Read more
EUR/USD trades at 1.1431, reflecting a 0.10% increase during the session, following a rise to 1.1450 on Tuesday, marking its highest level since June 19, before retreating from that near one-month peak throughout Wednesday’s European session. The intraday band spans from 1.1382 to 1.1463, with the previous close recorded at 1.1387. The pair has experienced … Read more
The AUD/USD ratio might drop to 0.6833, a nearly six-month low. The 14-day Relative Strength Index around 40 indicates that the asset continues to experience bearish pressure. The pair is currently assessing the immediate resistance at the nine-day EMA of 0.6932. AUD/USD is experiencing a slight upward movement following a decline of 0.5% the previous … Read more