Forex News

GBP/USD on the Rise: Limited Upside Ahead of UK Data and US CPI The GBP/USD pair regains positive traction during the Asian session on Wednesday The GBP/USD pair is showing signs of strength during the Asian session on Wednesday as it climbs to a fresh daily peak, approaching the 1.3100

Wednesday’s Market Update: GBP/USD Sees Uptick as USD Takes a Breather The GBP/USD pair regains positive traction during the Asian session on Wednesday and climbs to a fresh daily peak, closer to the 1.3100 round-figure mark in the last hour. Spot prices, however, remain below the overnight swing high, warranting

Golden Opportunities: Price Soars as US CPI Data and Historic Harris-Trump Debate Loom Introduction Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States (US). This, along with the first presidential debate between Vice

Breaking Down the AUD/USD Drop: US Dollar Continues to Rebound, Approaching 0.6650 The AUD/USD pair falls to near 0.6650 in Tuesday’s North American session. The Australian Dollar (AUD) has taken a hit as it fell to near 0.6650 against the US Dollar (USD) during Tuesday’s North American session. This drop

Breaking News: GBP/USD Sees Slight Uptick According to Scotiabank Analysts The Pound Sterling (GBP) Rises in Trading Day As the trading day progresses, the Pound Sterling (GBP) has seen a slight uptick. Analysts at Scotiabank have reported that the GBP/USD exchange rate has shown some positive movement. This news comes

Unlocking the Potential: USD/CNH Could Surge Above 7.1330, According to UOB Group Description: A break above the major resistance at 7.1330 is not ruled out; a sustained rise above this level seems unlikely for now. In the longer run, there has been an increase in momentum, but the US Dollar

USD/JPY Holds Steady Above Year-to-Date Low as US Inflation Takes the Spotlight Description: The USD/JPY pair steadies near 143.00 in Tuesday’s European session, holding gains generated after rebounding from the Year-to-date (YTD) low of 141.70 on Monday. The asset is expected to trade sideways as investors have sidelined ahead of

EUR/JPY Holds Onto Intraday Upswing, But Struggles to Fully Seize Momentum Above Mid-15800s Introduction The EUR/JPY cross has been experiencing some interesting movement in the market recently. As of Tuesday, the pair has attracted some buyers for the second straight day and has been steadily climbing back to the mid-158.00s

EUR/USD Treads on Thin Ice: US Inflation and ECB Policy Take Center Stage The Current Situation EUR/USD struggles to gain ground near its weekly low of 1.1030 in Tuesday’s European session. The major currency pair remains under pressure as investors turn cautious ahead of the United States (US) Consumer Price

GBP/USD Tumbles Close to 1.3050 as Chances of Aggressive Fed Rate Cut Diminish Introduction GBP/USD extends its losing streak for the third successive day, trading around 1.3060 during the Asian session on Tuesday. The downside of the pair could be attributed to the improved US Dollar (USD), which received support

Breaking Down USD/JPY: A Technical Analysis of the Sellers’ Rush and Their Potential to Break 140 The Fundamental Case for USD/JPY The fundamental case for the long side of USD/JPY continues to dim but that doesn’t mean that price will pose a linear move-lower. While there likely remains a considerable

Unlocking the Secrets of EUR/USD: A Currency Pair to Watch in September 2024 The EUR/USD lost a chunk of its weekly gains on Friday and continued to fall in the first half of Monday’s session. The downside should be limited from here on, however, with investors likely to proceed with

Uncovering the Golden Truth: Why We’re Not Worried About XAUUSD The Volatility of the US Dollar and Gold On Friday, both the US dollar and gold experienced a significant amount of volatility. This was largely due to weaker US jobs data and a series of speeches from members of the

EUR/USD Takes a Tumble: Fed’s Reduced Rate Cut Expectations Boost US Dollar Description: EUR/USD extends its downside below 1.1050 in Monday’s European session. The major currency pair declines as the US Dollar (USD) strengthens after mixed cues over current labor market health from Friday’s United States (US) Nonfarm payrolls (NFP)

Unlocking the Mystery of Gold: A Forecast for Rangebound Prices as Traditional Factors Fade Away The Gold Market Strays From Tradition Gold has long been considered a safe haven asset, often moving in the opposite direction of the US dollar and US bond yields. However, in recent weeks, it seems

Unpacking the Impact of China’s Inflation and Fed Rate Cut on USD, CNH, and AUD: A Risky Reversal Ahead? Chinese Inflationary Pressures and USD/CNH Chinese inflation has been a cause for concern as it remains weak, which in turn poses a threat to the downtrend in USD/CNH. The sharp decrease