GBP/USD Bounces Back: UK PMI Miss Fails to Dampen Spirits Recovery for GBP/USD On Thursday, the GBP/USD pair saw a much-needed bounce, with a 0.4% increase in value. This comes as a relief for Cable bidders who are working hard to maintain the price above the 1.2900 handle. The UK
Is the ECB Preparing to Strike? EUR/GBP Under Pressure. EUR/GBP Continues to Fall to Two-Year Lows On Thursday, EUR/GBP was seen trading at two-year lows in the 0.8320s, marking a quarter-percent decline primarily driven by a weaker Euro (EUR). The downward pressure on the Single Currency comes amid growing speculation
USD/CAD Price Forecast: Bulls in Control Despite Dip – Key Level at 1.3800 Holds the Key Introduction The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada’s (BoC) oversized rate
EUR/USD Bounces Back from Multi-Month Low, Surges to 1.0800 Ahead of Flash PMIs Introduction The EUR/USD pair has seen a turnaround during the Asian session on Thursday, bouncing back from a multi-month low. After touching the 1.0760 area the previous day, the pair has surged to around 1.0800. This marks
USD/JPY Takes a Tumble After Verbal Intervention from Japanese Officials – Here’s What Happened. The remarks from Japan were nearly an hour ago, beginning with Deputy Chief Cabinet Secretary Kazuhiko Aoki: Japan official says watching for speculative FX moves Followed by more forthright comments from Kato: Japan finance minister Kato
GBP/USD Tumbles to 10-Week Low Before Global PMI Reports Introduction The GBP/USD currency pair experienced a significant drop on Wednesday, losing half a percent of its value and reaching a ten-week low close to the 1.2900 mark. The upcoming Purchasing Managers Index (PMI) reports from the UK and the US
USD/JPY Reaches New Heights: A Three-Month High Driven by Strong US Dollar By RoboForex Analytical Department The USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported by favourable macroeconomic
Rising to the Top: USD/JPY Reaches Three-Month High as US Dollar Dominates The Surge of USD/JPY Currency Pair The USD/JPY currency pair has experienced a significant surge, reaching near three-month highs at 151.79. This surge has been primarily driven by the strengthening US dollar and the rise in US government
Breaking News: EUR/USD Continues to Decline as ECB Officials Push for Additional Rate Cuts Description: EUR/USD slides slightly below 1.0800 in Wednesday’s European session. The major currency pair stays under pressure as the Euro’s (EUR) outlook has worsened due to the faster-than-expected decline in inflation and growing risks of a
Market Update: GBP/USD Exchange Rate Remains Steady Despite Risk-Off Sentiment on October 23rd, 2024 The Pound US Dollar (GBP/USD) exchange rate traded mostly flat on Tuesday as a lack of data releases left the currency pairing mostly rangebound, despite Tuesday’s cautious trading conditions. At the time of writing GBP/USD was
USD/CAD Forecast: Bulls Pause at 1.3800 Before BOC Rate Decision The USD/CAD pair attracts some dip-buyers following the previous day’s modest slide and sticks to its positive bias around the 1.3825 region through the first half of the European session on Wednesday. Spot prices remain within the striking distance of
NZD/USD: Stuck at Mid-06000s, Facing Risk Near One-Month Low Amid Strong USD The Current State of NZD/USD Pair The NZD/USD pair is currently experiencing a period of stagnation, hovering around the 0.6035-0.6040 region. Despite a slight recovery from previous losses, the pair remains near a one-month low reached on Tuesday.
Unlocking the Secrets of AUD/USD: How USD/CNH Stability is Boosting the Aussie Dollar Description Gains in Chinese equity index futures and relative stability in the offshore-traded Chinese yuan may have shielded the Australian dollar from the latest bout of US dollar strength, helping AUD/USD push higher on Tuesday despite the
Breaking News: Goldman Sachs Predicts EUR/USD to Drop Below Parity if Trump Wins US Election Description: Goldman Sachs has recently shared their predictions on the EUR/USD exchange rate if Trump wins the upcoming US election. The financial giant is looking at various ‘tariff’ scenarios that could unfold depending on the
Unstable AUD/USD: The Struggle for Stability and Slim Chances of Success Introduction When it comes to the AUD/USD pair, stability has always been a struggle. The recent attempts at recovery towards 0.6681 have been met with uncertainty, as the pair hovers near a six-week low. The strengthening of the US
Golden Opportunities: Middle East Conflict Fuels Uptrend in Precious Metal What’s Happening with Gold? Gold (XAU/USD) continues higher after the briefest of pullbacks to trade once more in the $2,730s on Tuesday. The yellow metal is rallying due to increased safe-haven demand because of the intensifying conflict in the Middle
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