Forex
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British Pound struggles despite easing risk aversion
GBP/USD drops despite a weaker US Dollar as Trump’s paused strikes boosted US-Iran diplomatic hopes. President Trump stated Middle Eastern…
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Canadian Dollar drifts lower as falling oil prices counter weak USD amid Iran hopes
USD/CAD attracts some buyers, albeit it lacks follow-through amid a combination of diverging forces. A slump in oil prices undermines…
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Yen Extends Rally as Japan Confirms Intervention
The Japanese yen strengthened toward 155 per dollar on Monday, bringing its gains to about 5% over three sessions, after…
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Australian Dollar Near 7-Week High
The Australian dollar rose above $0.70, approaching a seven-week high, supported by broad weakness in the US dollar and hopes…
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New Zealand Dollar Rises to 2-Month High
The New Zealand dollar rose to around $0.589 on the first trading day of August, reaching a two-month high, as…
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Three Markets to Watch Next Week
The Federal Reserve kept interest rates unchanged, although Kevin Warsh himself sought to maintain a hawkish stance while not suggesting…
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Euro Area core inflation above estiamtes! EURUSD under key resistance!
11:00 CET, Euro Area, inflation data for July: Eurozone Core CPI YoY Flash Actual 2.5% (Forecast 2.4%, Previous 2.4%) Eurozone…
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Chart of The Day – EUR/USD after the Fed meeting. The market scales back rate hike expectations
Friday’s session on EURUSD is focused on the market’s continued assessment of Wednesday’s Federal Reserve meeting and the latest macroeconomic…
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GBP/USD Price Forecast: Weakens below 1.3450 while technical uptrend stays intact
GBP/USD loses momentum to near 1.3445 in Friday’s early European session. Iranian official said the US will ‘pay the price’…
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EUR/GBP Price – Euro is testing trendline support at 0.8555
EUR/GBP stalls at 0.8555 after pulling back from four-week highs at 0.8585. A divided BoE and Governor Bailey’s comments hinting…
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