EUR/USD on the Rise: Flash Eurozone & US PMI Data and Fed Decision Awaited Economic Overview The EUR/USD pair is currently ticking higher, approaching 1.0515 in Monday’s European session. Investors are eagerly anticipating the release of the preliminary Purchasing Managers’ Index (PMI) data for December from both the Eurozone and
USD/CAD Holds Steady Below 14-Year Highs Near 1.4250 – What’s Next for This Dynamic Currency Pair? The Current State of USD/CAD USD/CAD has been making headlines recently as it reached a multi-year high of 1.4245 on Friday, before settling around 1.4230 during Asian trading hours on Monday. The surge in
GBP/USD on the Rise: UK-US PMIs Bring Hope for 1.2630 Description: The GBP/USD pair ticks higher at the start of a busy week and for now, seems to have snapped a three-day losing streak to the 1.2600 neighborhood, or over a two-week low touched on Friday. Spot prices currency trade
Breaking News: Pound to US Dollar Exchange Rate Gets a Boost – Morgan Stanley Extends End-of-Year Target to 2025! Description: However, the bank predicts a sharp Pound decline to 1.20 in 2026 amid heightened uncertainty and volatility. The global outlook will play a key role, with UK economic resilience depending
Breaking Down the GBP/USD Slide: UK GDP Decline Sparks Economic Concerns Understanding the Impact of the UK GDP Decline on the Pound Sterling The Pound Sterling (GBP) experienced a significant drop against other major currencies on Friday following the release of concerning economic data from the United Kingdom (UK). The
Unlocking the Secrets of EUR/USD: A Forex Forecast for Friday, December 13, 2024 The EUR/USD managed to bounce back to the $1.05 area After testing liquidity below this month’s earlier low of 1.0460 this morning, where traders apparently took profit after a 5-day losing run, the EUR/USD managed to bounce
Breaking Down the Latest GBP/USD Movement: UK Data Disappoints, Pound Dips Introduction GBPUSD fell further on Friday, holding in red for the third consecutive day, driven by a stronger dollar and additionally pressured by unexpectedly weak UK Oct GDP numbers. Fresh weakness tested support at 1.2618 (last week’s low /
USD/CAD Hits Four-Year High Near 1.4250 as US Dollar Remains Strong The Current Situation The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 in Friday’s European session. The Loonie pair strengthens as the US Dollar (USD) performs strongly against its major peers on expectations that
GBP/JPY Struggles to Recover at 19300 Mark Following Disappointing UK Economic Data Release Overview GBP/JPY continues to lose ground after the release of disappointing key economic data from the United Kingdom (UK), trading around 193.00 during the European hours on Friday. Office for National Statistics reported that the UK Gross
USD/CAD Soars to New Heights Near 1.4250 Amidst Trump’s Tariff Threats USD/CAD extends its gains for the second successive session, reaching a fresh multi-year high of 1.4239 during Friday’s Asian trading hours, the highest level since April 2020. The currency pair USD/CAD has been on a bullish trend lately, with
From China Proxy to Rates Play: AUD/USD and NZD/USD React to Fed Meeting – A Forex Analysis Description AUD/USD and NZD/USD are now behaving more like plays on interest rate differentials than outright China proxies, intensifying focus on what Federal Reserve members may signal about the path for the Fed
Unlocking the Potential: USD/CHF Breakout on the Horizon Technical Forecast for the Swiss Franc on 12/12/2024 The US Dollar is poised to mark a fourth consecutive daily advance against the Swiss Franc with the USD/CHF rally extending today on the heels of a larger-than-anticipated rate cut from the Swiss National
Unlocking the Potential: A Closer Look at the NZD/USD Price Forecast and Its Reversal Setup on the Chart Introduction The NZD/USD pair has been experiencing some interesting movements in the market recently. Traders have been closely watching as the pair gives up its intraday gains and falls back below the
Silver Shines Bright: XAG/USD Reaches Monthly High of 3230 on Strong Dovish Fed Predictions Silver Prices Surge to Five-Week High The price of silver (XAG/USD) has surged to an almost five-week high, reaching around $32.30 in Thursday’s European session. The white metal has been strengthening as traders have fully priced
Breaking News: EUR/USD on the Rise Ahead of ECB Interest Rate Decision Description: EUR/USD gains sharply around 1.0520 in Thursday’s European session ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 13:15 GMT. The ECB is widely anticipated to cut its Deposit Facility rate
EUR/USD Holds Steady Above 1.0500 Ahead of ECB Meeting: A Positive Outlook, But Still Some Uncertainty Introduction The EUR/USD pair edges higher during the Asian session on Thursday and for now, seem to have snapped a four-day losing streak to over a one-week low touched the previous day. Spot prices
