The euro traded at $1.1174 at 7:44 a.m. on Thursday, October 8, reflecting a decline of 0.2% for the day and standing 13 pips above Monday’s low of 1.1161, which marks the weakest level since May 2025. The pair commenced the session at 1.1196, reached an initial peak of 1.1204, and was positioned at 1.1195 … 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
AUD/USD continues its decline from the 0.7248 level observed last week, now approaching the lower boundary of the 0.7100s. Increasing speculation regarding the Federal Reserve’s monetary tightening, coupled with rising oil prices, is exerting downward pressure on the Australian dollar. A decisive breach of the 0.7110 level would validate the onset of a more pronounced … Read more
EUR/USD stabilises around 1.1610 during the early Asian session on Friday. The ECB has increased its key deposit rate by 25 basis points to 2.50%, a decision that was largely anticipated by market participants. Markets are currently reflecting a 70% probability of a Federal Reserve rate increase in September. The EUR/USD pair remains stable at … Read more
The EUR/USD stands out as our currency pair of the week, primarily because the ECB’s policy decision is positioned between two significant US inflation data releases. However, with a sparse calendar in the initial days of the week, traders will derive their insights from oil prices, which are on the rise due to the increasing … Read more
AUD appreciates as robust inflation figures for July strengthen expectations for a rate increase by the Reserve Bank of Australia. Markets currently anticipate a rate increase in November, as leading banks project an earlier tightening of monetary policy. Traders are poised for Federal Reserve Chair Kevin Warsh’s upcoming speech at Jackson Hole, seeking directional insights … Read more
