The US Dollar rebounded from three-week lows around 1.3730, making its way back to the 1.1775 region. The Greenback reduces its losses as investors contemplate Trump’s inconsistent signals regarding Iran. From a broader viewpoint, the pair is currently approximately 1.25% beneath the peaks observed last week. The US Dollar is reducing some of its losses … Read more
GBP/USD is currently at 1.3515 on Tuesday morning, marking the highest level in six weeks. This extends a winning streak of seven sessions, resulting in an increase of approximately 365 pips from the low of 1.3150 recorded on March 31. The pair has moved clearly above the 1.3500 psychological level, which had acted as structural … Read more
USD/JPY is positioned at 158.87, reflecting a decrease of about 0.5% during the session. This decline is part of a subtle trend that has been unfolding throughout the week, overshadowed by more prominent narratives of dollar weakness, such as the EUR/USD rally to 1.1800 and the GBP/USD’s seven-day ascent to 1.3570, which have garnered significant … Read more
The USD/CAD pair experienced a modest increase during Friday’s session, with the US dollar rebounding against the Canadian dollar from the significant 200-day EMA. This move highlights that global risk appetite continues to be the dominant driver for USD/CAD, rather than domestic Canadian factors. US 10-year Treasury yields remain elevated, currently around 4.32%, as market … Read more
GBP/USD is currently positioned at 1.3420 on Friday, maintaining a position just above the 1.3415 support level after navigating within a 1.3415-1.3430 range for the majority of the Asian session, which clearly indicates the market’s current level of conviction. The pair has rebounded roughly 300 pips from its early April low around 1.3150 — a … Read more
EUR/USD is currently at 1.1736 on Friday — marking its highest level since early March — and this movement is not merely a blip, a short squeeze, or a positioning accident. The pair has now achieved gains for the fifth consecutive session, indicating a consistent directional shift that commenced with the announcement of the U.S.-Iran … Read more
The US dollar experienced a decline against the Canadian dollar during Wednesday’s trading session, influenced by a decrease in rates following a ceasefire agreement between the United States and Iran. Given the circumstances, we have observed certain breaches of this, and it will be intriguing to monitor whether this trend persists. We have seen a … Read more
The delicate US-Iran ceasefire, coupled with ongoing regional attacks, has maintained a spotlight on geopolitical risks. US PCE inflation remained steady, and labor market indicators showed continued strength. The expectations for a Bank of England rate hike, coupled with a weaker Dollar, contribute to the ongoing support for Sterling. The GBP/USD pair moves above the … Read more
On Thursday, EUR/USD experienced an increase, reaching 1.1667. The US dollar managed to recover some of its losses from the prior session, reflecting a cautious market sentiment in light of the delicate truce between the US and Iran. The dynamics surrounding the Strait of Hormuz continue to exhibit significant tension. Reports indicate that the movement … Read more
A head-and-shoulders pattern is forming as USD/JPY records lower highs and lows. The RSI is approaching 50, indicating an increase in bearish momentum pressure. A decline beneath 158.48 reveals support levels at 157.88 and 157.35. The USD/JPY pair experienced an increase, approaching the 20-day Simple Moving Average at 159.19 on Thursday. However, it subsequently pulled … Read more