Japanese yen remains under pressure,dovish stance and low interest rates
The Japanese Yen slipped further, hovering near a one-month low against the US Dollar as markets anticipate Bank of Japan Governor Kazuo Ueda’s upcoming speech. The pair traded around 148.80 during Wednesday’s session, reflecting ongoing pressure on the Yen amidst sustained market doubts about significant policy adjustments from the BOJ. Investors remain focused on the […]
USD/CAD eases from highest levels since March 2020, drops near 1.4430
The USD/CAD pair eased slightly from its highest level since March 2020, pulling back to around the 1.4430 mark. The currency pair had surged earlier in the session, driven by strong U.S. Dollar strength and oil price fluctuations, with the greenback benefiting from hawkish Federal Reserve signals. The pullback reflects profit-taking and some market correction […]
USD/CHF gains momentum as markets eye fed rate cut
USD/CHF trades higher near 0.8955 on Tuesday, gaining 0.16% in early European trade as renewed demand for the US Dollar supports the pair. Traders remain focused on Wednesday’s highly-anticipated Federal Reserve meeting, where a 25 basis points rate cut is expected, bringing the federal funds rate to 4.25%-4.50%. Markets will closely scrutinize the Fed’s Summary […]
GBP/JPY climbs above 193.00 as BoJ rate hike uncertainty fuels volatility
The GBP/JPY currency pair has continued its upward trajectory, climbing to 193.10 during Tuesday’s European session. This marks the second consecutive session of gains, driven largely by a weaker Japanese Yen (JPY) amid uncertain expectations regarding a potential Bank of Japan (BoJ) rate hike in December. As traders digest mixed signals from the BoJ, the […]
RBA keeps rates on hold at 4.35% in final 2024 meeting as inflation risks ease
In its final policy meeting of 2024, the Reserve Bank of Australia (RBA) decided to leave its cash rate target unchanged at 4.35%, a 13-year high. This decision marks the continuation of a pause in rate hikes that has lasted for over a year, following the 13th increase in a series of tightening measures that […]
Pound Sterling holds steady as traders brace for crucial US inflation data
The Pound Sterling (GBP) is consolidating in a narrow range near 1.2750 against the US Dollar (USD) as investors await the upcoming US inflation data for November, which will be released on Wednesday. Economists expect annual headline inflation to have increased to 2.7%, with core CPI rising to 3.3%. Unless there is a major deviation […]
USD/INR rises as strong US dollar weighs on Indian rupee
The Indian Rupee (INR) is facing downward pressure in early Monday trading, weighed down by a combination of factors including a stronger US Dollar (USD), weak Chinese Yuan, and concerns over India’s slowing economic growth. Additionally, robust demand from importers and oil companies has further supported USD gains against the INR. However, market participants believe […]
USD/CHF price forecast: Remains constructive above 0.8850, eyes on Powell speech
The USD/CHF pair traded steady near 0.8860 during early European hours on Wednesday as traders positioned cautiously ahead of major US events. Market attention is focused on Federal Reserve Chair Jerome Powell’s speech later today, while Friday’s Nonfarm Payrolls (NFP) and unemployment data are expected to provide additional direction. The pair retains a bullish outlook, […]
GBP/USD bearish bias holds below 1.2700 as dollar strength limits upside
The GBP/USD pair climbed to near 1.2690 in Wednesday’s early European session, trading in positive territory for the second consecutive day. However, the pair’s potential upside appears constrained, with the US Dollar (USD) remaining resilient due to expectations of a less aggressive rate cut by the Federal Reserve and concerns over President-elect Donald Trump’s tariff […]
ECB’s Kazaks pushes for further rate cuts as inflation eases
The EUR/USD pair continued to decline on Monday, falling below the 1.0550 mark as traders waited for important updates, including European Central Bank (ECB) President Christine Lagarde’s speech and US PMI data. The Euro struggled, weighed down by a stronger US Dollar and rising concerns about global economic uncertainty. Before Lagarde’s speech, markets were focusing on how the […]