GBP/USD experiences a decline, approaching the 1.3375 mark during the early hours of Wednesday’s Asian session. UK labour market data indicated a robust job market. Fed Chair Warsh provides no indication regarding the trajectory of interest rates. The GBP/USD pair experiences a decline to approximately 1.3375 during the early Asian trading hours on Wednesday. However, … Read more
The euro traded at 1.1192 against the dollar on Wednesday, October 7, reflecting a decline of 71 pips or 0.63% from Tuesday’s close of 1.1263. The session range extended from 1.1266 at its peak to 1.1186 at its trough. That low stands 26 pips above Monday’s 1.1160 trough, marking the weakest level for the single … Read more
The pound enters the final hours of the third quarter with macro momentum shifting in its favour for the first time in weeks. GBP/USD fell to 1.32055 on Tuesday, its lowest level since June, before rising to 1.3270 during Wednesday’s European session following updated data from the Office for National Statistics that revealed the UK … Read more
The dollar is currently valued at 155.40 against the yen, reflecting a decrease of 2.07% for the day and marking a continuation of its decline for a second consecutive session. That represents a four-yen movement within a single trading day from a previous close around 158.68, bringing the pair to its lowest point since August … Read more
GBP/USD opened the week recovering part of Friday’s slide and stalled below the mid-1.3500s, having closed Friday at 1.35307 after a 0.43% decline. The pair briefly climbed above 1.3550 during the European session before retreating, and it sits at one-week lows following another failure at resistance near 1.3650. UK markets are closed for the Summer … Read more
USD/JPY is currently at 159.078, reflecting an increase of 0.06% from Friday’s closing figure of 158.98. The session has fluctuated between 158.59 and 159.28, commencing at 159.01. The 52-week range spans 145.48 to 164.00, positioning the current spot within 493 pips of the upper limit of this annual band. The pair has returned above 159.00 … Read more
USD/CAD strengthens to approximately 1.3820 during the early European session on Monday. The United States has implemented a 50% tariff on goods imported from Canada. In response, Canadian Prime Minister Carney has pledged a ‘dollar-for-dollar’ retaliation, effective September 8. Iranian officials maintain a resolute stance, asserting that the sanctions will ultimately prove ineffective. During Monday’s … Read more
AUD/USD appreciates to approximately 0.7090 during the early hours of Monday’s Asian session. US Retail Sales experienced a decline in momentum during July, decreasing by 0.6% on a month-over-month basis. RBA’s Kent indicated that the rate hikes are producing the desired effects. The AUD/USD pair is experiencing modest gains, hovering around 0.7090 in the early … Read more
The dollar rose to 159.4570 against the yen on Thursday, August 13, up 0.02% from the previous session, after testing 159.53 during the European morning. The pair traded flat near 159.40 through the Asian session and has spent the week grinding back toward the level that triggered a record intervention two weeks ago. Over the … 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
