Forex News

Oh, the Rollercoaster Ride of EUR/USD: A Look at Today’s Market Movement EUR/USD Hurtles Back to $1.05 Can we talk about the EUR/USD for a moment? I mean, what a wild ride it’s been today! The currency pair managed to bounce back to the $1.05 area after dipping below this month’s earlier low of 1.0460…

The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 Understanding the current situation In Friday’s European session, the USD/CAD pair is soaring to new heights, reaching a level not seen in over four years at 1.4245. This surge in the Loonie pair can be attributed to the strong performance of…

USD/CAD reaches fresh multi-year high What’s driving this surge? Today, USD/CAD extended its gains for the second successive session, reaching a fresh multi-year high of 1.4239 during Friday’s Asian trading hours. This surge is mainly attributed to the tariff threats from Trump’s administration, which have boosted the US Dollar (USD) across the board. The uncertainty…

Gold Price Retreats After Touching One-Month High Introduction The gold price (XAU/USD) has retreated sharply after touching over a one-month high, around the $2,726 area during the Asian session on Thursday. The precious metal, which had been on a three-day winning streak, is now facing pressure as investors believe that the Federal Reserve (Fed) will…

The Impact of ECB Rate Calls on EUR/USD Exchange Rate EUR/USD fell for a fourth straight day on Wednesday, shedding one quarter of one percent and easing into the 1.0500 handle as the European Central Bank’s (ECB) latest rate call hangs over Fiber traders. This continuous decline in the exchange rate reflects the uncertainty and…

The USD/JPY Pair Climbs Near 152.50 European Trading Session Update The USD/JPY pair climbed to near 152.50 in the European trading session on Wednesday. The asset strengthened as the US Dollar (USD) extended its winning streak for the fourth trading session ahead of the United States (US) Consumer Price Index (CPI) data for November, which…

EUR/USD Extends Downside Momentum European Session Observations EUR/USD continues to slide, reaching the key psychological support level of 1.0500 during Wednesday’s European trading session. The currency pair is under pressure due to strong indications that the European Central Bank (ECB) will lower its Deposit Facility rate by 25 basis points (bps) to 3% at the…

The Impact of AUD/USD Pair Movement Introduction The AUD/USD pair has been experiencing a downward trend in recent days, reaching its lowest level since November 2023. This selling pressure is driven by various factors in the financial markets, and traders are closely monitoring the situation to make informed decisions. Market Analysis The fundamental backdrop suggests…