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GBP/USD has displayed upward momentum in early Friday trading, surpassing the 1.2350 level. However, the technical outlook for the pair has yet to indicate a clear reversal. As the weekend approaches, market participants will closely monitor the release of the US Personal Consumption Expenditures (PCE) Price Index data. Despite a return of risk appetite on...

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The price of gold, represented by XAU/USD, has slipped below the crucial level of $1,940.00 as the US Dollar Index continues to exhibit significant strength in the market. The recent comments from Fed's Collins, suggesting a potential pause in interest rate increases, have also influenced the gold price dynamics. Following a breakdown of the consolidation range...

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Gold price has shown improvement as US Treasury bond yields retreat, driven by escalating concerns over the US debt ceiling. The 10-year and two-year Treasury bond yields have pulled back from their recent highs in early March. The lack of progress in negotiations to address the US debt ceiling expiration, coupled with fears of a potential catastrophic default,...

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So far, it doesn't look like the selling momentum in EUR/USD will stop. The greenback trades in peaks that last for more than a week against its main rivals. Germany's final GDP growth rate was bad news for investors. The selling of the euro keeps going strong for another session, bringing EUR/USD to a new two-month low around 1.0715 on Thursday. The EUR/USD fell...

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After reaching the Year-To-Date (YTD) high, USD/JPY bulls retreat to 139.50 in early European trading on Thursday. The Yen pair celebrates intraday gains but struggles in mixed markets.However, Bank of Japan (BoJ) Governor Kazuo Ueda told Reuters that the economy is showing signs of improvement but is still far from hitting the inflation target. “BoJ will...

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During European trading hours, GBP/USD is experiencing renewed selling pressure, pushing it towards the 1.2400 level. The pair is facing challenges due to a rebound in the US Dollar, driven by uncertainty surrounding the US debt ceiling and a cautious risk sentiment in the market. This uncertainty has revived the safe-haven appeal of the Greenback. From a...

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The USD/CAD pair is currently experiencing a period of indecisiveness as investors eagerly anticipate the release of Canada's inflation data for further guidance. In particular, both Canada's core and headline inflation rates are expected to soften, with projections of 3.9% and 3.7%, respectively. Meanwhile, the USD/CAD pair has been gradually trending downwards...

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After the German IFO Business Survey was made public, Klaus Wohlrabe, an economist at the institute, expressed concerns about the German economy potentially stagnating in the second quarter. He stated that the German economy is treading water and highlighted a significant decline in expectations within the industry, particularly regarding exports. Wohlrabe's...

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During the early European session, the GBP/JPY pair is exhibiting a fluctuating and unpredictable movement within a narrow range above 171.40. The cross is anticipated to maintain high volatility as market sentiment remains divided concerning additional interest rate hikes by the Bank of England (BoE). Despite BoE Governor Andrew Bailey's persistent efforts to...

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The price of gold is currently undergoing a recovery as it seeks to regain ground above the $1,960 level, benefitting from a decline in the US Dollar index's upward momentum. Market participants are anticipating neutral policy guidance from Federal Reserve Chairman Powell's upcoming speech, which is influencing sentiment surrounding the precious metal....

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EUR/USD Struggles to Find Stability as Bearish Pressure Persists Amid Cautionary Remarks and Market Uncertainty The EUR/USD pair has been facing significant challenges in finding stability around the 1.0800 level, with the near-term technical outlook indicating that sellers are likely to maintain control over the pair's movements in the short term. Adding to the...

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EUR/USD is experiencing a decline in the European morning, with the pair approaching the 1.0800 level. The US Dollar is gaining strength as the market adopts a risk-off profile, with traders exercising caution ahead of upcoming US debt-ceiling discussions. In terms of technical analysis, the price initially rebounded from the 61.8% Fibonacci level today,...

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GBP/USD reclaims 1.2400 levels as US Dollar weakens anew, focus on Powell's remarks The GBP/USD currency pair is witnessing a resurgence above the 1.2400 threshold, after exhibiting signs of exhaustion in its downward momentum. The Cable is striving to recover ground as the US Dollar experiences a corrective decline in tandem with the retreat in US Treasury bond...

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In the European morning, the EUR/USD currency pair is making a recovery, edging closer to the 1.0800 level. This rebound comes as the US Dollar undergoes a correction across the board, despite a cautious market environment prevailing. Traders are closely monitoring speeches from both the European Central Bank (ECB) and the Federal Reserve's Chairman Jerome Powell...

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The USD/JPY pair is facing headwinds due to the USD pulling back from its highest level since April, which is acting as a key factor in the current market. However, the downside for the USD appears to be cushioned, at least for now, as investors speculate that the Federal Reserve (Fed) may maintain its hawkish stance despite rising US long-term inflation...

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EUR/USD Remains Depressed Near April Lows as US Dollar Strengthens and Debt Ceiling Optimism Prevails The EUR/USD pair continues its downward trajectory for the third consecutive day on Thursday, staying close to its lowest level since early April reached in the previous session. The US Dollar (USD) remains strong near a two-month high, exerting downward pressure...

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The USD/CHF pair has witnessed dip-buying activity on Thursday after experiencing a pullback within the range of the 38.2% and 50% Fibonacci levels. While spot prices show a mildly positive bias during the early European session, they remain comfortably close to the nearly five-week high reached on Wednesday. The US Dollar (USD) has been strengthening for the...

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According to the latest publication from Eurostat, Eurozone's Industrial Output declined by 4.1% MoM, which is lower than the expected -2.5% and previous reading of +1.5%. The annualized basis showed a decrease in the bloc's Industrial Production to -1.4% in March compared to the expected growth of 0.9% and a 2.0% figure registered in March. The pair faces...