The Pound Sterling has been experiencing fluctuations as it recently declined to 1.2700 against the USD after the Fed signaled only one rate cut this year. This decline is a result of uncertainties in the market regarding the future of interest rates in both the UK and the US. One of the concerns for policymakers
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The USD/CAD pair has rebounded to around 1.3730 in the early Asian trading session on Thursday, supported by a stronger US Dollar. This comes after the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged for the seventh consecutive time during its June meeting on Wednesday. Following the FOMC announcement, there has been
The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching a high near 157.15 during early Asian trading hours on Wednesday. This positive momentum has been driven by a sense of caution among traders, who are waiting on the sidelines for key events to unfold in the market. Two major
The US Dollar has shown resilience in the forex market as traders anticipate the Federal Reserve’s upcoming policy decision. With expectations of interest rates remaining steady between 5.25%-5.50%, investors are cautious in their trading activities. The currency pair USD/CHF has experienced a period of calmness as traders exercise restraint in light of the looming Fed
The USD/CHF pair is showing strength near 0.8970 in Monday’s early European session. This rise can be attributed to the diminishing rate-cut prospects by the Federal Reserve (Fed), which has boosted the appeal of the US Dollar. The recent US Nonfarm Payrolls report for May revealed robust labor demand and stronger than expected wage growth.
In the aftermath of the European Union (EU) elections, French President Emmanuel Macron made a surprising announcement that he would dissolve parliament and call for new legislative elections. This decision came after exit polls indicated a heavy defeat for Macron’s alliance in the European elections to Marine Le Pen’s far-right National Rally (RN) party. Macron
Investing in the financial markets can be a lucrative opportunity for individuals looking to grow their wealth. However, it is crucial to understand the risks and responsibilities associated with making investment decisions. This article will delve into the importance of conducting thorough research, the uncertainties involved in forward-looking statements, and the disclaimer provided by FXStreet
The Japanese Yen has been appreciating due to improved risk sentiment, alongside other key factors influencing its value in the global forex market. Japan’s 10-year bond yield fell below 1% for the first time in two weeks, indicating a shift in investor confidence towards the Yen. On the other hand, the depreciation of US Treasury
The EUR/USD pair has been fluctuating recently, with the Euro gaining ground around 1.0875 despite the recovery of the US Dollar. The upcoming decision from the European Central Bank (ECB) regarding interest rates is expected to play a significant role in shaping the future direction of the currency pair. Additionally, speculation about potential rate cuts
The EUR/USD pair has attracted fresh buyers on Wednesday, benefiting from a modest downtick in the US Dollar. The pair has built on an overnight bounce from the 1.0860-1.0855 region, trading just below the 1.0900 mark during the Asian session. This level remains within striking distance of the highest level since March 21, reached on
The USD/JPY pair experienced a pullback as a result of a risk-off market sentiment that generated safe-haven demand, benefiting the Japanese Yen. This shift in market dynamics put downward pressure on the pair, pushing it towards the 155.00 barrier. Rumors circulating that the Bank of Japan (BoJ) is considering reducing its bond purchases further supported
After touching a three-week low on Friday, the Gold price (XAU/USD) continues to struggle for momentum during Monday’s Asian session. Several factors are leading to this lackluster performance, including speculation around potential Federal Reserve rate cuts and geopolitical risks. These factors are balancing each other out, leaving the precious metal lingering near recent lows. One