The GBP/USD pair is fluctuating within a limited range, hovering around the 1.2700 mark
The GBP/USD pair is fluctuating within a limited range, hovering around the 1.2700 mark As the new week unfolds, the GBP/USD pair is navigating within a tight range, lingering around the 1.2700 mark. This limited fluctuation indicates a lack of significant momentum for the currency pair, which could be indicative of market participants’ cautious approach
Read moreUSD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index
USD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index The USD/JPY currency pair is currently holding steady near its year-to-date (YTD) peak, hovering just below the 145.00 level. This comes as the pair trades comfortably in the 144.55-144.60 region, a clear sign of its recent upward momentum. The pair’s movement has been
Read moreAhead of Significant Data Releases, US Dollar Continues its Rally
Ahead of Significant Data Releases, US Dollar Continues its Rally The US Dollar (USD) is maintaining its strength against other currencies as it continues to rebound. The US Dollar Index remains near two-week highs around 103.00 after a surge on Wednesday. Today, the European Commission will release June’s business and consumer sentiment data during the
Read moreAnticipation Grows for Possible FX Intervention to Support Japanese Yen
Anticipation Grows for Possible FX Intervention to Support Japanese Yen The Japanese Yen has faced a considerable amount of pressure recently, depreciating by 3.5% against the US Dollar and by over 5.6% against the Euro since the start of the month. The EURJPY pair has ascended to its highest point since September 2008, while the
Read moreEUR/USD Remained Steady Amid Market Uncertainty
EUR/USD Remained Steady Amid Market Uncertainty The risk-off sentiment that dominated Friday’s market carried over into the European trading week, influenced by recent Russian unrest and a decline in German business sentiment. This decline was anticipated following last week’s disappointing German PMI. Risk sentiment turned more neutral during US trading hours, with US Treasuries giving
Read more
Latest Market Analysis
and Forex News
GBP/USD Remains Above 1.2600, Investors Anticipate Fed and BoE Speeches
EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release
Cryptocurrency Move Back to Support the Pack to Level
Cash Back Return