The EUR/USD traded as high as 1.1300 in the early European session, despite fresh USD strength, and recouped some of the previous day’s losses. The pair is trading in a very narrow…
Category: Forex
USD/JPY Weekly Projected: Will There Be Any Year-End Flow Antics?
The USD/JPY hit 114.49 on Friday, as worries faded that the Omicron strain would cause global economic shutdowns. In contrast, US inflation hit another low in November, increasing the Federal Reserve’s likelihood…
GBP/USD Currency Pair Remains Stable At 1.3350 Despite An Optimistic Sentiment
The Pound-to-Dollar exchange rate is trading steady at approximately 1.3350, holding recent gains and still below the weekly peak. Investors applaud the Omicron-led confidence, but Brexit fears remain a shadow over the…
EUR/USD Is Expected To Remain Stable At 1.13 Going Into The New Year Period
After testing the psychologically important level of 1.1300 for the second day in a row on Tuesday, the EUR/USD closed the day essentially unchanged at 1.1280. According to experts at ING, the…
EUR/USD Remains Underneath The 1.13 Level In Dull Conditions
This Tuesday’s EUR/USD has remained unchanged so far, trapped in a narrow range beneath 1.1300 as the market transitions into holiday thin circumstances. The fear of a coronavirus looms over the financial…
USD/JPY Remains Stable In The Mid-113.00s, With All Attention On Wall Street
On Monday morning, USD/JPY was moving in a narrow range. At the beginning of the week, relatively secure trades controlled the financial sector. Wall Street’s major indices are on course to open…
USD/JPY Weekly Projections: The Omicron Variant And The Global Epidemic
At the most anticipated Federal Reserve meeting since November, the Fed pushed out the end of economic assistance from June to March and increased its rate hike prediction for 2022. In keeping…
BoE Raises Banks Rate To 0.25%, Sending GBP/USD To Monthly Highs
After the Bank of England (BoE) published its policy decision, the GBP/USD pair attracted aggressive wagers and surged to a new monthly high, surpassing the mid-1.3300s in the previous hour. The British…
GBP/USD Retreats UK CPI-Led Bullish Jump To Weekly Peak, Falls Below Mid-1.3200s
In response to higher-than-expected UK inflation numbers, the Pound rose to a new weekly high in the vicinity of 1.3260–65 before reversing course and falling a few pips after that. When we…
GBP/USD Remains Stable At 1.3200 Following The Release Of The UK Jobs Report
In the early European session, the Pound/Dollar exchange rate was trading in a reasonably narrow band around 1.3200. It was revealed in recent data from the United Kingdom that the ILO Jobless…
EUR/USD Outlook: Euro Begins Another Week On The Back Leg, Expected To Go Below 1.1270
The Euro-Dollar exchange rate is fluctuating at 1.1300, putting it on the defensive as the US Dollar recovers with yields and the market’s confidence in the Omicron COVID strain. The divergence in…
EUR/USD Weekly Projected: The Fed And The ECB Are Bracing For Market Turmoil
The EUR/USD remains unchanged for a third week, moving around 1.1300 as market players remain cautious due to the Omicron coronavirus strain and upcoming central bank announcements. Central Bank Responses Speculation interest…
USD/JPY Lacks Direction But Remains Above 113.00
The USD/JPY continued to trade in a horizontal consolidation pattern as the European day began to unfold. The relatively secure Yen was supported by cautious market sentiment, which worked as a headwind…
USD/JPY Has Risen To A One-Week Top, Hovering Near 113.70
Throughout the Asian session, the USD/JPY pair gained ground, eventually reaching a one-week high in the vicinity of 113.70 in the final hour of trading. On Tuesday, the pair built on the…