Australian Dollar (AUD) advances against the US Dollar (USD), halting its three-day losing streak on Monday. The AUD/USD pair may continue to lose ground as the US Dollar (USD) gains amid dampening expectations of a US Federal Reserve (Fed) interest rate cut in December. The AUD failed to draw any impact from the release of economic data […]
Forex
Forex
Forex
03
Nov
Nov
USD/JPY sits near multi-month peak
The Japanese Yen (JPY) is seen consolidating last week’s heavy losses against a bullish US Dollar (USD) and remains close to its lowest level since February 14, touched last Thursday. Traders remain uncertain about the timing of the next rate hike by the Bank of Japan (BoJ) amid speculations that Japan’s new Prime Minister Sanae […]
03
Nov
Nov
USD/INR trades firmly as US Dollar strengthens on easing Fed dovish bets
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) near its over two-week high around 88.95 at the start of the new month on Monday. The USD/INR pair aims to extend its six-day winning streak as the Indian Rupee (INR) continues to underperform due to Foreign Institutional Investors (FIIs) selling in the […]
31
Oct
Oct
EURUSD Heads Towards 1.15 Amid Diminishing Chances of a December Fed Cut
The dollar is preparing for a positive close not only this week but also this month. The EURUSD pair is breaking local lows from mid-month today and is heading towards the 1.1500 level amid diminishing chances for interest rate cuts in the United States. The dollar is strengthening against every G10 currency today. The probability of a […]
31
Oct
Oct
Chart of The Day – EUR/USD
The EUR/USD pair is currently trading around 1.15270 USD per euro. The market is under downward pressure, mainly due to differences in monetary policy between the European Central Bank and the US Federal Reserve. Souce: xStation5 What is shaping the EUR/USD today? The dollar remains relatively strong following the Fed’s recent 25 basis point rate […]
31
Oct
Oct
Trade of The Day – GBP/USD
Facts: Recommendation: Source: xStation5 Opinion GBPUSD remains in a downward trend, which began in September in response to the weakness in the UK long-term bond market and growing concerns about the 2026 budget. The planned tax increases—both corporate and income—are intended to boost fiscal revenues necessary to finance struggling public services and improve productivity through […]
31
Oct
Oct
EUR/JPY stabilizes near record high as ECB holds rates, Yen weakens on fiscal concerns
EUR/JPY stabilizes around 178.30 on Friday, virtually unchanged on the day after briefly pulling back from its all-time high reached the previous day at 178.82. The pair remains supported by a favorable rate differential for the Euro (EUR), while investors stay cautious toward the Japanese Yen (JPY). The JPY initially found modest support after the release of […]
31
Oct
Oct
USD/CAD crawls above 1.4000 favoured by a hawkish Fed, risk-off markets
The US Dollar trades higher against its Canadian counterpart for the second consecutive day on Friday, returning to levels right above the 1.4000 psychological level to retrace losses from previous days, and trading practically flat on the weekly chart. The Hawkish comments by Federal Reserve (Fed) Chairman Jerome Powell and a. moderate risk aversion are buoying the Greenback against […]
31
Oct
Oct
EUR/USD keeps hovering near lows as Eurozone inflation fails to impress
EUR/USD is trading practically flat on Friday, changing hands at 1.1570 at the time of writing, unable to take a significant distance from te two-month lows in the area of 1.1540, The pair remains on its back foot with teh USD drawing support from the dismal market moopd and dwindling hopes thst the Federal Reserve (Fed) […]
31
Oct
Oct
When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
The Eurozone Prelim HICP Overview Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for October later on Friday at 10:00 GMT. Eurozone flash HICP inflation is expected to ease to 2.1% year-over-year (YoY) in October, from 2.2% in September. Meanwhile, the annual core inflation is also anticipated to edge down […]
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