EUR/USD Dives as Trump Claims US Presidential Victory
EUR/USD Dives as Trump Claims US Presidential Victory The EUR/USD pair tumbled on Wednesday, hitting a four-month low near 1.0700 before edging up to 1.0750 during the European session. The euro was battered as Donald Trump, the Republican candidate, appears poised to take control of the Senate, with the GOP gaining significant leads in key […]
USD/CHF Stays Below 0.8650 as Market Caution Intensifies Ahead of US Presidential Election
USD/CHF Stays Below 0.8650 as Market Caution Intensifies Ahead of US Presidential Election USD/CHF remains steady around 0.8640 in Asian trading hours on Tuesday, following losses in the previous session. The US Dollar (USD) is holding its ground as market participants exercise caution amid uncertainties surrounding the upcoming US presidential election. Additionally, rising US Treasury […]
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index The EUR/USD pair faltered just before dawn, slipping below the mid-1.0800s. The numbers showed a partial retreat from yesterday’s high near 1.0870—a figure that hadn’t been seen in over a week and a half. Buyers had slowed, and the dollar, never one […]
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data EUR/USD slipped on Wednesday, trading around 1.0810 in the Asian session after two days of gains. The Euro faces downward pressure amid expectations that the European Central Bank (ECB) may cut its Deposit Facility Rate again. Current market predictions indicate a nearly 50% […]
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary The EUR/USD pair has eased back from its recent gains, trading near 1.0810 in the Asian session on Tuesday. On the daily chart, the pair is currently testing the upper boundary of the descending channel, hinting at a potential reinforcement of a bearish […]
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance The EUR/USD pair remains stable around 1.0790 during Monday’s Asian trading hours, following previous session losses. However, it could face resistance from a strengthening U.S. Dollar (USD) as recent positive U.S. economic data fuels expectations for a potentially less dovish Federal Reserve (Fed) […]
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election The USD/CAD pair holds steady with two consecutive days of gains, trading around 1.3850 in Friday’s Asian session. This level sits close to Thursday’s two-month high of 1.3868. The US Dollar’s strength underpins the pair’s resilience, fueled by growing expectations that the […]
EUR/USD Rebounds from Multi-Month Low, Eyes 1.0800 Ahead of Flash PMIs
EUR/USD Rebounds from Multi-Month Low, Eyes 1.0800 Ahead of Flash PMIs The EUR/USD pair is showing signs of recovery during Thursday’s Asian session, breaking a three-day losing streak that saw it hit its lowest level since early July, near the 1.0760 region. Spot prices have edged closer to the 1.0800 level in recent hours, buoyed […]
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook The GBP/USD pair moved closer to the 1.3000 mark during Wednesday’s Asian session, though the British Pound (GBP) encountered resistance due to weaker UK economic data. Falling consumer and producer inflation, alongside disappointing labor market figures, have raised market expectations that the Bank of England (BoE) […]
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain The EUR/USD pair is currently in a bearish consolidation phase during Tuesday’s Asian session, fluctuating around the 1.0820 mark, just above its lowest level since early August, which was reached the day before. The short-term outlook remains skewed toward bearish sentiment, indicating that the pair may still trend […]
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD The GBP/USD pair struggles to maintain modest recovery gains from the past two days, trading within a narrow range around 1.3050-1.3045 during Monday’s Asian session. Spot prices remain close to last Thursday’s one-month low, signaling potential vulnerability for continued declines from the 1.3435 area, which marked the […]
EUR/USD Extends Losses After ECB Rate Cut
EUR/USD Extends Losses After ECB Rate Cut The EUR/USD pair continues to decline following the European Central Bank’s (ECB) decision to cut rates by 25 basis points on Thursday. With a lack of bullish momentum, the pair is now down more than 3.5% from late September’s peak above 1.1200, as it extends near-term losses. The […]
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement EUR/USD continues to show weakness, trading near 1.0850 on Thursday as the currency pair faces significant selling pressure ahead of the European Central Bank’s (ECB) interest rate decision, expected at 12:15 GMT. According to a Tuesday note from Citi, traders anticipate the ECB will reduce its […]
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches EUR/USD remains under pressure, trading near 1.0890 during the Asian session on Wednesday after a four-day losing streak. The Euro could face additional downside as the European Central Bank (ECB) is widely expected to announce a 25 basis point cut in both the Main […]
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens The EUR/USD pair continues its downward slide for the second consecutive day on Tuesday, dipping to the 1.0890 region in the last hour, inching closer to its lowest point since August 8, touched the previous day. However, bearish traders remain cautious, waiting for a […]
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like […]
EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data
EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data The EUR/USD pair continues to trade defensively around 1.0935 during early European hours on Friday. A stronger-than-expected U.S. inflation reading on Thursday has bolstered the U.S. dollar, limiting the pair’s ability to move higher. The U.S. Consumer Price Index (CPI) came in hotter than anticipated, […]
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI The EUR/USD pair remains confined to a tight range below the mid-1.0900s during Thursday’s Asian session, consolidating its recent losses after hitting a nearly two-month low the previous day. The U.S. Dollar (USD) is holding firm near its highest level since August […]