The dollar is relinquishing ground against the yen for a second consecutive day. On Thursday, the USD/JPY exchange rate was recorded at 157.789, reflecting a decline of 0.34% from the prior session. The trading session exhibited a range between 157.58 and 158.33. The pair commenced trading close to 158.30, following a prior close within the … Read more
The euro attempted to establish a foundation during the European morning but succumbed within an hour following the release of US inflation data. The EUR/USD pair experienced a decline of 0.55%, reaching 1.1135, marking its lowest point since May 2025. The one-hour chart indicated a slight recovery to 1.1139 shortly thereafter, yet the pair remained … Read more
USD/CAD is currently at 1.4250, having declined from the highs observed on Friday in the 1.4300 range. Weak US Consumer Sentiment data hindered the US Dollar’s rally on Friday. The pair consolidates gains following a nearly 3.5% uptrend in September. The US Dollar has opened the week with a mild bearish tone against the Canadian … Read more
Sterling traded at 1.3247 against the dollar on Tuesday, reflecting an increase of 26 pips or 0.20% from Monday’s close of 1.3221. The session range is 1.3201 to 1.3248. On Monday, the pound declined by 0.21%, reaching a low of 1.3213, while it appreciated by 0.2% against the euro. The rebound observed on Tuesday has … Read more
AUD/USD increases by 0.37% to 0.6972 for the second consecutive session. US services show signs of cooling; however, rising input costs reignite concerns regarding inflation. Bullock asserts that three RBA rate increases could help bring inflation closer to the target level. The Aussie Dollar recorded consecutive days of gains on Monday, despite an uptick in … Read more
USD/CAD is gaining momentum, approaching 1.4280 during the early European session on Monday. Traders have reduced their positions on Federal Reserve interest rate increases following disappointing employment figures. The pair maintains a bullish sentiment; however, a temporary sell-off cannot be dismissed given the overbought conditions. The USD/CAD pair strengthens to approximately 1.4280 during the early … Read more
USD/CAD strengthens to approximately 1.4155 during the early European session on Monday. The constructive tone of the pair remains intact; however, a temporary sell-off cannot be ruled out given the overbought conditions. The immediate resistance level is identified at 1.4190, while the initial downside target to monitor is 1.4070. The USD/CAD pair is positioned in … Read more
USD/JPY was observed around 157.45 at 09:30 on Tuesday, September 22, remaining slightly beneath the 61.8% Fibonacci retracement level of 157.536. The pair is consolidating following the Bank of Japan’s 25-basis-point increase to 1.25% on September 18, which resulted in a notable fluctuation between 156.656 and 158.05. The yen experienced a decline exceeding 2% last … Read more
EUR/USD remains constrained beneath 1.1500, thereby exposing the 1.1450 support area. Fed’s Goolsbee reiterated that the US faces an inflation issue, suggesting the possibility of additional rate hikes in the future. In Europe, the increasing uncertainty in Germany has counterbalanced the favourable effects of declining oil prices. The Euro is consolidating last week’s decline against … Read more
The EUR/USD exchange rate declined to 1.1536 on Tuesday, reflecting a decrease of 0.11% for the session and marking the continuation of a four-day losing streak. The euro has experienced a decline in each session following the European Central Bank’s rate hike last Thursday, closing on Monday at approximately 1.1550, reflecting a decrease of 0.42%. … Read more
