Forex

The EUR/GBP cross kicks off the new week on a softer note and moves further away from a nearly one-month high, around the 0.8745-0.8750 supply zone, touched on Friday. Spot prices currently trade around the 0.8730-0.8725 region and, for now, seem to have snapped a three-day winning streak, though any meaningful downside seems elusive. Expectations for further […]

USD/CHF depreciates after opening with a gap up, trading around 0.7960 during the Asian hours on Monday. The pair recovers its daily losses as the US Dollar (USD) gains ground on rising hopes that Presidents Donald Trump and Xi Jinping may finalize a trade deal on Thursday in South Korea. US Treasury Secretary Scott Bessent […]

The Japanese Yen (JPY) prolongs the downtrend for the seventh straight day against its American counterpart amid expectations that Japan’s new Prime Minister Sanae Takaichi will pursue expansionary spending policies and resist early tightening. Apart from this, signs of easing US-China trade tensions turn out to be another factor denting demand for the safe-haven JPY, […]

The EUR/USD pair loses ground to near 1.1620 during the early European session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid fears of political turmoil in France. France’s Socialist party leader has threatened to bring down Prime Minister Sébastien Lecornu’s government by Monday if their budget conditions are not met.  Olivier Faure, whose […]