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
EUR/USD traded at 1.1664 on Wednesday, down 0.09% on the session, after spending the Asian hours pinned in a tight band around 1.1660 and the early European session leaking toward 1.1650. The pair accelerated to multi-day troughs near 1.1650 immediately after the July PCE report and the second estimate of Q2 GDP landed at 12:30 … Read more
EUR/USD is currently at 1.1684, reflecting a modest increase of 0.05% from Wednesday’s closing figure of 1.1677. During the European session, the pair reached a new three-month peak at 1.1711. The session low is recorded at 1.1670, while the opening figure was 1.1677. The pair has increased by 2.50% over the trailing month and by … Read more
The euro traded at $1.15745 against the dollar on Tuesday, reflecting a decline of 0.06% during the session, following a retreat below the 1.1600 threshold during Asian hours. That signifies the third consecutive session in which the pair has approached the figure and failed to close above it. The rejection sits directly atop a genuine … Read more
On Tuesday, the USD/JPY exchange rate was recorded at 159.27, reflecting an increase of approximately 1.4% during the session. This rise followed a gain of over 150 pips during Monday’s US trading hours, successfully surpassing the 159.00 threshold. The pair is currently testing the upper boundary of the channel that has confined its movement since … Read more
The EUR/USD pair is currently positioned around 1.1550 during the European session on Monday, reflecting a decline of approximately 0.10%, with the latest mark at 1.1547 for the session. The pair is positioned just beneath Friday’s peak at 1.1581, marking the most robust level since June 17. The U.S. Dollar Index has rebounded by 0.12%, … Read more
GBP/USD traded at 1.3420 on Friday, reflecting a decline of 0.34% from the previous session, yet maintaining the 1.34 handle it regained following the Bank of England’s decision. Sterling appreciated by 1.09% throughout July and is currently 1.07% stronger on a year-over-year basis. The week produced the most pronounced structural change cable has experienced since … Read more
The dollar traded at 163.6710 against the yen on Wednesday, down 0.10% from the previous session, holding within a whisker of the weakest level the Japanese currency has seen since December 1986. That forty-year low was printed at 163.99 last week. The pair has consolidated between roughly 163.55 and 163.90 since, refusing to either break … Read more
AUD/USD remains caught in a tight range, but the calm tone on the chart hides a more complicated backdrop. With both Australian inflation data and the next Federal Reserve rate decision approaching, traders are weighing whether this week’s events will leave the pair drifting sideways or finally push it out of its recent band. The … Read more
