EUR/USD is positioned on the threshold that will determine its trajectory for the next six months. The pair traded around 1.1400 on Wednesday, held at the critical support level it has consistently defended since March, as the dollar strengthened into the afternoon amid the same shock affecting all other markets. Trump announced the termination of … Read more
The Japanese yen is currently experiencing its lowest valuation in forty years, exacerbated by the recent developments in Iran on Wednesday. The USD/JPY pair moved closer to 162.50 as the U.S. dollar strengthened following Trump’s declaration that the Iran memorandum of understanding was “over,” with safe-haven flows prevailing in the financial markets. The pair commenced … Read more
The Australian Dollar has weakened following June’s 0.2% decline in ANZ–Indeed Job Ads, which represents the third consecutive monthly decrease this year. Aaron Luk observed that job advertisements have decreased by 28% from their peaks in 2022, yet they continue to be significantly higher than the levels observed prior to the pandemic. AUD may experience … Read more
Attacks on ships in the Hormuz Strait have resulted in an increase in oil prices, thereby bolstering demand for the US dollar. The NY Fed survey indicates that households anticipate an increase in inflation. Burnham’s fiscal pledge constrains the potential for intensified political pressure on Sterling. The Pound Sterling retreats against the US Dollar on … Read more
The euro experienced a decline on Tuesday, July 7, relinquishing some of the gains achieved in the previous week as the US dollar stabilised and market participants adopted a cautious stance in anticipation of an upcoming period filled with significant data releases. EUR/USD was positioned near 1.1420, retreating from a recovery that had momentarily propelled … Read more
USD/JPY has declined to session lows beneath 162.00 following a rejection at 1262.40 on Monday. The US Dollar Index fluctuates without a definitive direction following a retreat from the peaks observed last week. Traders are poised to analyse the forthcoming release of the Fed’s minutes on Wednesday, which will inform their investment strategies. The Japanese … Read more
As investors modify their interest rate expectations for the Federal Reserve in response to a weak US jobs report last week, the Australian Dollar continues its surge into a third consecutive trading session, rising 0.25% on Monday. Consequently, the US Dollar weakened, driving AUD/USD higher to trade at 0.6950 after bouncing off daily lows of … Read more
GBP/USD eases below 1.3350 on Monday, following a seven-day rally. Recent tensions in the Strait of Hormuz have negatively impacted market sentiment during what was otherwise a tranquil beginning to the week. The pair continues to trade within a descending channel. The British Pound ticks lower against the US Dollar Monday, attempting to close a … Read more
The euro traded around $1.1419 as Monday commenced, maintaining a position just above the $1.14 threshold following a modest weekly increase of 0.5%, yet remaining near one-year lows in relation to the dollar. That’s the frame: a currency that has managed to achieve a modest rebound while remaining ensnared in a persistent downtrend that has … Read more
USD/JPY experiences robust follow-through positive momentum for the second consecutive day on Monday. The substantial rate differential between the US and Japan exerts downward pressure on the JPY, whereas the risks associated with Hormuz appear to favour the USD. Intervention risks may deter JPY bears from initiating new positions and limit spot price movements. The … Read more