NZD/USD resumes upside journey as US Dollar falls on backfoot
The NZD/USD pair delivers a solid recovery from the round-level resistance of 0.6200 in the late European session on Friday. The Kiwi asset strengthens as the US Dollar has come under pressure despite the Federal Reserve (Fed) preferring to delay rate cuts. Fed policymakers are worried that premature rate cuts could flare up inflation again. […]
EUR/USD tested fresh highs at 1.0888 before falling back
EUR/USD broke higher on Thursday, testing its highest bids since the start of February before falling back into the 1.0800 region after European and US Purchasing Managers Index (PMI) figures softened or came in mixed on forecasts. The Pan-European Composite PMI ticked higher, but the Manufacturing component fell back once again, and US PMIs also […]
Gold remains stable within the $2020-30 range
Gold price is virtually unchanged after the US Federal Reserve (Fed) released January’s meeting minutes, which reassured market participants that the Fed is in no rush to cut rates in the near term. Even though that could be seen as “hawkish,” US Treasury bond yields remained within familiar levels at the release, while the Greenback […]
GBP/USD rises to 1.2643, driven by the BoE Governor’s positive outlook on the UK economy
The Pound Sterling rose against the US Dollar in the mid-North American session as US traders got back to their offices. Reasons like the Bank of England (BoE) Governor Andrew Bailey stating that Britain’s economy could fare better than expected propelled the GBP/USD pair up. At the time of writing, the major exchanges hands at […]
The EUR/GBP stands at 0.8555 in Monday’s session
In Monday’s session, the EUR/GBP was at 0.8555 amid anticipation of possible shifts in European Central Bank (ECB) policy, as recent indicators point towards revitalized wage growth and a surprising uptick in core inflation. However, markets are still betting on a sooner easing-cycle start than the Bank of England (BoE) which gives the Pound an […]
GBP/USD climbs lifted by UK retail sales beating forecasts amidst US data volatility
The Pound Sterling rises during the mid-North American session on Friday, trading at 1.2617, gaining 0.14% at the time of writing. Economic data from the United States (US) briefly capped the upside, but a stronger-than-expected UK retail sales report bolstered the GBP/USD pair for the second straight day. The January US Producer Price Index (PPI) […]
GBP/USD falls 0.20% post-UK inflation report
The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611. The US economic docket featured Federal Reserve speeches […]
USD/CHF soars to 0.8800, prompted by soft Swiss inflation figures
The USD/CHF pair witnesses a stellar buying interest and reaches to the round-level resistance of 0.8800 in the European session on Tuesday after a soft Swiss Consumer Price Index (CPI) report for January. The monthly CPI grew at a slower pace of 0.2% against the consensus of 0.6%. In December, price pressures remained stagnant. Annual […]
Canadian Dollar sees thin gains with support from steady Crude Oil bids
The Canadian Dollar (CAD) found some room on the high side on Monday, drifting into the green against most of its major currency peers in thin Monday trading. Markets have opened on a quiet note as investors gear up for a smattering of US economic data, with Tuesday’s US Consumer Price Index (CPI) inflation print […]
WTI crude rises 0.25% above $76.50
West Texas Intermediate (WTI), the US crude oil benchmark, rises 0.25% late in the North American session as the Israel-Hamas conflict escalates with Israel rejecting a ceasefire offer. That, along with diminished production in oil refined products, sponsored WTI’s advance, as it trades at $76.54 per barrel. Israeli military continued their offensive on the Gaza […]
