The Impact of Federal Reserve Interest Rate Hikes on USD/CHF Pair Finding Support near 0.8820 The USD/CHF pair recently found support near 0.8820 after undergoing a correction. This support came as the chances of one more interest rate hike by the Federal Reserve (Fed) deepened. Many traders and analysts believe that this support could lead…
USD/JPY Bulls Take a Breather Running out of Steam It seems the USD/JPY bulls are finally starting to catch their breath after a strong run, as the Yen pair prints its first daily loss in three days around 146.30. Despite lacking downside momentum, the risk-barometer pair is struggling to cheer the China-inspired risk-on mood amid…
Unveiling the Mystery Behind Jamshid Sharmahd’s Sentencing in Iran An Analysis of the Recent Developments In a recent turn of events, the news of Iranian-German national Jamshid Sharmahd’s sentencing to death in Iran has sent shockwaves across the international community. The United States finds itself at the center of this controversy, with Tehran’s foreign ministry…
Russian FSB Charges Former US Consulate Employee with Espionage Details of the Case According to state news agency TASS, Russia’s FSB security service has charged a former employee of the United States consulate in the Russian Far East with collecting information on the war in Ukraine and other issues for Washington. The ex-employee allegedly relayed…
USD/CAD retreats from three-month high The USD/CAD pair has retreated from its highest level in three months, currently trading around 1.3595-90 in early Monday morning trading in Europe. The Loonie pair is benefiting from the US Dollar’s pullback, while also shrugging off the softer prices of Canada’s main export item, WTI crude oil. The market…
Terry Gou Enters Taiwan Presidential Race TERRY GOU’S DECISION Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, announced on Monday that he is entering the race to be Taiwan’s next president as an independent candidate in the 2024 elections. This decision marks his second attempt at a presidential bid, after dropping out…
GBP/JPY Continues to Climb, Hits Intraday High GBP/JPY remains on the front foot for the second consecutive day, refreshing intraday high near 184.70 amid early Monday morning in Europe. In doing so, the cross-currency pair extends the previous day’s rebound from the horizontal support comprising multiple levels marked since early August amid mixed concerns about…
Gold Price (XAU/USD) edges higher to around $1,915 Defending the first weekly gain in five Gold prices are on the rise once again, reaching around $1,915 as it defends its first weekly gain in five weeks. This comes as no major surprises to begin the trading week, but there are still some interesting developments to…
