Forex News

The USD/CHF pair and its Current Situation Market Movement The USD/CHF pair has retreated slightly from a two-month peak reached recently, hovering around the mid-0.8600s during the European session. Despite this minor pullback, the overall outlook remains bullish, with the fundamental factors favoring upside potential. Factors Behind the Bullish Bias Several factors are contributing to…

Feeling the Impact: UK Inflation Cools, Causing GBP/EUR Exchange Rate to Slump on October 17, 2024. The Pound Takes a Hit On Wednesday, the Pound (GBP) experienced a significant drop in value against the Euro (EUR) due to a cooler-than-expected UK Consumer Price Index (CPI) reading. The latest data for September revealed that headline inflation…

The GBP/USD pair below 1.3000 as bearish sentiment prevails Market Overview: The GBP/USD pair has been struggling to break above the key psychological level of 1.3000 during the Asian session on Thursday. Currently, the pair is hovering near its lowest level since August 20, which was touched in the previous trading day. This decline in…

The US Dollar Strengthens as GBP/USD Outlook Remains Uncertain Market Trends and Political Factors With the US dollar gaining momentum in the foreign exchange market, the risks for the short-term outlook of the GBP/USD currency pair seem to be skewed to the downside. This shift in market dynamics can be attributed to a variety of…

Gold Glitters as Market Jitters Shake the US Dollar What’s Up with Gold (XAU/USD) Lately? Have you been keeping an eye on the price of gold lately? If not, let me fill you in on the latest news. Gold (XAU/USD) has been on a bit of a rollercoaster ride, extending its recovery into the lower…

Feeling Eurotic: A Currency Rollercoaster Welcome one and all to the thrilling world of foreign exchange markets, where the Euro (EUR) is currently stealing the show. Strap in, hold on tight, and let’s take a wild ride together as we analyze the latest trends in the EUR’s performance. According to UOB Group’s FX analysts Quek…

GBP/JPY: A Closer Look at the Impact of UK CPI on Recent Losses, Still Struggling Above 19400 Introduction The GBP/JPY cross attracts heavy selling following the release of the UK consumer inflation figures on Wednesday and retreats further from over a two-week high touched the previous day. The second straight day of a downfall drags…

Today in the world of forex trading, the USD/CAD pair seems to be playing hard to get, much like that one person you can’t seem to get a date with. Despite a slight uptick in the Asian session, the pair is struggling to break through its recent high around the 1.3835-1.3840 region. Currently hovering around…