EURUSD: The EUR and USD pair starts the new week on a subdued note and consolidates its recent strong losses to its lowest level since early May, around 1.06700-1.06650 reached on Friday. Spot prices are currently trading around 1.07000 and look likely to continue the downward trajectory seen over the past two weeks. The euro continues to be undermined by...
Event to pay attention to today: 17:00 GMT+3. USD - UoM Consumer Sentiment USDJPY: The USDJPY pair is gaining strength around 158.000 during Asian trading on Friday. The pair is rising after the Bank of Japan (BoJ) announced its policy decision. According to reports from the Nikkei, the BoJ is considering reducing its government bond holdings. Currently,...
Event to pay attention to today: 15:30 GMT+3. USD - Producer Price Index GBPUSD: The GBP/USD pair is experiencing a slight decline near 1.27950 following a pullback from three-month highs of 1.28600 during the early Asian session on Thursday. A negative surprise in the US inflation report (Consumer Price Index) for May is exerting pressure on the dollar, yet...
Events to pay attention to today: 15:30 GMT+3. USD - Consumer Price Index 21:00 GMT+3. USD - FOMC Rate Decision EURUSD: On Tuesday, the EUR/USD suffered its third consecutive loss as market sentiment deteriorated amid the tense EU parliamentary elections. In the European elections, voters supported centre-right and far-right parties, while left-wing...
The USD/JPY pair has risen for the third consecutive day, marking the fourth day of positive movement in the previous five. It reached a one-week high near 157.250 during Tuesday's Asian session. However, spot prices remain below the 157.650-157.700 supply zone, as traders remain cautious ahead of this week's release of key macroeconomic data from the US and risks...
The EUR/USD exchange rate remained under pressure for the second consecutive day, falling to a three-week low during the Asian session on Monday. Spot prices are currently trading around 1.07750, indicating continued vulnerability to breakout momentum following the NFP publication. The closely watched monthly employment report from the US Department of Labor...
An event to look out for today: 15:30 GMT+3. USD - Change in the number of employed in the non-agricultural sector USDJPY: The Japanese Yen (JPY) is under pressure, the reason could be due to information about the decline in Japan's foreign exchange reserves released by the Ministry of Finance for May. Foreign exchange reserves fell significantly to $1,231...
This week, the financial news market is buzzing with mixed events. Oil prices continue to fall, while American stocks are delighting investors with unexpected rises. FreshForex traders have quickly capitalized on these events to make profits. Let's take a closer look at what’s happening and why. Black gold is getting cheaper At the beginning of this week,...
Events to watch out for today: 15:15 GMT+3. EUR - Publication of the ECB's decision on the key interest rate 15:30 GMT+3. USD - Number of initial applications for unemployment benefits 15:45 GMT+3. EUR - ECB Press Conference EURUSD: The EUR and USD pair is strengthening around 1.0890 despite the US Dollar (USD) rebounding during the early Asian session on...
Events to watch out for today: 11:00 GMT+3. EUR - Composite PMI 17:00 GMT+3. USD - ISM Index of Business Activity in the Services Sector EURUSD: The EUR and USD pair is rising during the Asian session on Wednesday amid subdued US Dollar (USD) price action. Spot prices are currently trading just below 1.0900 and remain a short distance from the March 21...
USDJPY: The Japanese yen (JPY) is declining against the US dollar on Tuesday as lower global bond yields reduced demand for the yen. In addition, the interest rate differential between the US and Japan continued to weigh on the yen, supporting the USD/JPY pair. Bank of Japan Governor Kazuo Ueda said on Tuesday that the central bank will conduct “nimble” market...
Events to watch out for today: 11:30 GMT+3. GBP - Manufacturing PMI 17:00 GMT+3. USD - ISM manufacturing index GBPUSD: The GBP and USD pair started the new week on a subdued note and fluctuated in a narrow range around 1.2740 during the Asian session. At the same time, downward trends remain subdued amid a moderate weakening of the US Dollar (USD), driven...
Events to watch out for today: 12:00 GMT+3. EUR - Core consumer price index m/m 15:30 GMT+3. USD - Change in personal income/expenditures EURUSD: The EUR and USD pairing dipped to 1.0790 on Thursday before a recovery in the broad market forced the dollar lower. US gross domestic product (GDP) growth fell in line with market expectations and investors hoping...
Events to pay attention to today: 15:30 GMT+3. USD - GDP q/q 17:00 GMT+3. USD - Pending Home Sales m/m 18:00 GMT+3. USD - EIA Crude Oil Stocks Change USDJPY: The Japanese yen eased on Thursday, boosted by comments from Bank of Japan (BoJ) board member Seiji Adachi on Wednesday. Adachi emphasised that bond purchases should be gradually reduced so that...
Can you find anyone in the 21st century who hasn't heard of NVIDIA, the leader in high-performance computing solutions for the most complex tasks? The corporation's developments have become widespread in the video game industry, professional visualization, crypto mining, and autonomous vehicles. The latest peak of #NVIDIA shares on the NASDAQ was nearly $1150,...
The Pound-Dollar pair is trading with small losses near 1.27600 during the Asian session on Wednesday. A moderate recovery in the US Dollar (USD) and US yields amid lower expectations of a rate cut by the US Federal Reserve (Fed) in September is weighing on the major pair. Later on Wednesday, the Fed's Beige Book will be released and Fed Chief John Williams will...
An event to look out for today: 17:00 GMT+3. USD - Consumer confidence indicator EURUSD: The EUR and USD pair failed to find momentum on Monday, hovering near 1.0860 after US markets went into a long holiday weekend. The trading week will begin in earnest today after German sentiment surveys hamstrung the Euro (EUR) on Monday. Central banks on both sides of...
Ethereum (ETHUSD) is once again at the peak of interest in the crypto community, and it's no coincidence. Here are some key events: 1. ETF Breakthrough: The U.S. Securities and Exchange Commission (SEC) has finally approved 8 applications to launch Ethereum ETFs from giants like BlackRock and Fidelity. This SEC decision is primarily political and opens the...