The EUR/USD pair commences the week at approximately 1.1433. Investors are persistently evaluating the circumstances in the Middle East, characterised by elevated levels of uncertainty. Oil prices experienced a downward correction after a significant increase at the beginning of the week, prompted by reports indicating that the United States and Iran plan to persist with … Read more
The pound is experiencing a notable period of activity. GBP/USD is trading near 1.3431 on Friday, extending a recovery to fresh one-year highs as sterling continues to outperform while the dollar loses some of its defensive appeal. The pair has risen for a third consecutive session, surpassing 1.34 after a brief dip below 1.3350 earlier … Read more
EUR/USD is trading near 1.1425 on Thursday, remaining unchanged for the session and hovering close to its lowest level in a year, as the market anticipates two significant events occurring simultaneously: the ECB’s Monetary Policy Meeting Accounts and U.S. weekly jobless claims. The pair settled around 1.1450 earlier as demand for the dollar cooled, then … Read more
USD/CAD rises as safe-haven demand bolsters the US Dollar in light of renewed geopolitical tensions. NY Fed President Williams conveyed a diminished concern regarding inflation, referencing an anticipated ongoing decline in energy prices. The CAD may receive support from elevated oil prices, which have surged due to US airstrikes and the revocation of Iranian sanctions … Read more
Attacks on ships in the Hormuz Strait have resulted in an increase in oil prices, thereby bolstering demand for the US dollar. The NY Fed survey indicates that households anticipate an increase in inflation. Burnham’s fiscal pledge constrains the potential for intensified political pressure on Sterling. The Pound Sterling retreats against the US Dollar on … Read more
The euro experienced a decline on Tuesday, July 7, relinquishing some of the gains achieved in the previous week as the US dollar stabilised and market participants adopted a cautious stance in anticipation of an upcoming period filled with significant data releases. EUR/USD was positioned near 1.1420, retreating from a recovery that had momentarily propelled … Read more
USD/JPY has declined to session lows beneath 162.00 following a rejection at 1262.40 on Monday. The US Dollar Index fluctuates without a definitive direction following a retreat from the peaks observed last week. Traders are poised to analyse the forthcoming release of the Fed’s minutes on Wednesday, which will inform their investment strategies. The Japanese … Read more
USD/JPY is currently positioned around 161.1 as the July 4 weekend approaches, having retreated from a four-decade peak of approximately 162.5-162.8 reached on July 1 — marking the yen’s lowest point since 1986. The yen experienced a notable increase of nearly 1% toward 161 on Thursday before reducing its gains, marking its most significant rebound … Read more
The EUR/USD strengthened as it approached the 1.1400 level, recovering from the lower end of its 2026 range. A disappointing June payrolls report weakened the dollar from its multi-month peak, allowing the struggling euro some space to recover. The pair experienced significant pressure in late June, descending into the low-1.13s and approaching a 2026 low … Read more
The EUR/USD pair commenced the third quarter at the 1.14 level, currently trading around 1.1410 after recovering from the one-year lows observed last week. The pair closed June at roughly 1.1400, a whisker off its weakest level since June 2025, and the bounce off the recent 1.1324 low did nothing to change the trajectory. The … Read more