The EUR/USD pair experiences a decline, approaching the 1.1415 level during the early Asian session on Tuesday. ECB’s Lagarde stated that Europe is becoming increasingly resilient to economic shocks. Markets anticipate an increase in US interest rates later this year. The EUR/USD pair is experiencing slight declines, trading at approximately 1.1415 in the early hours … Read more
AUD/USD declines as the Australian Dollar maintains its losses in the wake of domestic labour market data. Australia’s unemployment rate decreased to 4.4% from 4.5%, with the economy adding a robust 40.3K jobs in May. The CME FedWatch tool shows that markets are currently assigning an 83.1% likelihood of rate hikes occurring by the end … Read more
GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures pins the pound near the bottom of its range. The pair is little changed on the session but firmly on the defensive, weighed by UK political chaos on one side and a dollar near a one-year high … Read more
EUR/USD fell to around 1.1420 on Tuesday, declining slightly during the session but remaining at its lowest level since mid-March. This movement reflects a global flight from risk, which has bolstered the dollar’s appeal as a safe haven, in addition to the interest rate advantage it currently possesses. The pair has remained confined within a … Read more
EUR/USD is trading just above $1.15 on Tuesday, June 9, remaining near its lowest point since early April, despite the European Central Bank’s impending interest rate hike on Thursday. The pair has declined approximately 0.7% over the week following a robust US jobs report that propelled the dollar upward, pulling the euro down from the … Read more
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