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 experiences a notable increase of 1.8% over the past two days, reaching new four-week highs at 0.7120. Speculation regarding renewed discussions between the US and Iran has enhanced market sentiment while negatively impacting the safe-haven USD. Later on Tuesday, the US PPI is anticipated to validate that inflation increased in March. The Australian Dollar … Read more
The AUD/USD pair maintained its downward trajectory on Thursday as Iran and the United States adopted divergent stances regarding the resolution of the ongoing conflict. The value decreased to 0.6940, a decline from the peak of 0.7180 observed earlier this year. The AUD/USD pair experienced a decline this week following the Iranian government’s dismissal of … Read more
The AUD/JPY pair is currently trading lower, positioned at approximately 110.85 during the early European session on Wednesday. The cross maintains a slightly optimistic outlook in the short term, accompanied by a decrease in bullish RSI momentum. The primary resistance level to monitor is 113.20, while the first support level is identified at 110.00. The … Read more
The USD/CAD pair experiences a decline, approaching 1.3710 during the early hours of the Asian session on Monday. Increased geopolitical tensions in the Middle East may enhance the appeal of the US Dollar, recognized as a safe-haven currency. In February, the Canadian economy experienced an unanticipated decline, shedding 84,000 jobs. The USD/CAD pair is currently … Read more
USD/CAD eases to approximately 1.3630 in the early Asian session on Thursday. An increase in crude oil prices boosts the commodity-linked Canadian Dollar. The US service sector demonstrated growth in February 2026. The USD/CAD pair declines to approximately 1.3630 in the early Asian session on Thursday. The Canadian Dollar strengthens against the Greenback as oil … Read more
GBP/USD is currently positioned at $1.3361-$1.3380 on Wednesday, showing a slight recovery from the session’s lows but struggling to maintain a definitive break above the $1.3400 psychological threshold that has characterized the pair’s upper limit since the onset of the Iran conflict. The session high reached $1.3403 before sellers regained dominance — a clear rejection … Read more
The EUR/USD pair is currently positioned around 1.1600, pulling back from earlier session peaks as the dollar regained strength on Wednesday, following two consecutive positive economic reports — ADP private payrolls recorded 63,000 compared to a consensus of 48,000, and the ISM Services PMI jumped to 56.1, marking its highest level since July 2022. The … Read more