The GBP/USD pair is trading slightly higher near 1.25850 in the early Asian session on Monday, rising on the back of a positive UK Gross Domestic Product (GDP) report and weak US retail sales data.The US market will be closed on Monday due to the Presidents' Day holiday.US retail sales posted their biggest drop in nearly two years, dragging down the dollar. The...
Event to pay attention to today: 15:30 EET. USD - Retail Sales EURUSD: On Thursday, the EUR/USD exchange rate strengthened, rising seven-tenths of a percentage point to re-enter the 1.04000 range. This gain was influenced by a general weakening of the US dollar, which facilitated inflows amid less severe US Producer Price Index (PPI) inflation data than...
Event to pay attention to today: 15:30 EET. USD - Unemployment Claims USDJPY: The Japanese Yen (JPY) has attracted some buying interest following the release of a stronger-than-expected Producer Price Index (PPI) in Japan on Thursday, which confirms bets on further rate hikes by the Bank of Japan (BoJ).However, the market reaction was short-lived amid...
The price of Bitcoin (BTCUSD) has dropped more than 3% in the past 24 hours, closing around $96,000 amid aggressive selling by miners. Over 2,000 BTC have been transferred to centralized exchanges since Bitcoin’s recovery to GETTEX:98K , intensifying downward pressure on the market. This price decline is driven by miners’ efforts to reduce their reserves in...
Events to pay attention to today: 15:30 EET. USD - Consumer Price Index 17:00 EET. USD - Federal Reserve Chairman Jerome Powell Speaks GBPUSD: The GBP/USD pair rebounded on Tuesday, breaking a three-day losing streak and returning to the 1.24500 level touching range, up around two-thirds of one per cent for the day. Global currency markets sold off the US...
On Monday, the EUR/USD exchange rate experienced a decline of approximately a third of a percentage point, reaching 1.03000 as market sentiment moderated. Investors are anticipating clearer signals from central bank policymakers, however, the recent series of executive orders on tariffs issued by US President Donald Trump has introduced an element of...
The Japanese Yen (JPY) has experienced a slight decline at the start of the new week, as concerns over US President Donald Trump's tariff threats have resurfaced, leading to speculation that Japan could also be subject to new US duties. Additionally, the moderate strength of the US Dollar (USD) has led to an increase in the USD/JPY pair towards 152.00 during the...
Event to pay attention to today: 15:30 EET. USD - Non-Farm Employment Change GBPUSD: On Thursday, the GBP/USD pair experienced a sudden and significant decline, breaking a technical pullback from key averages and dipping below 1.24000. This move followed a rate cut by the Bank of England (BoE) of 25 basis points, which was accompanied by a hawkish monetary...
On February 1 , Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada, along with 10% tariffs on Chinese goods. In response, Canada announced retaliatory tariffs of 25% on $155 billion worth of U.S. goods, with an initial phase of $30 billion taking effect on February 4. Mexico also implemented counter-tariffs. Trump...
The euro is trying to consolidate after breaking a six-day losing streak, with EUR/USD still holding at 1.0400. US employment change data from ADP showed stronger-than-expected results for January, with a net increase in the number of people employed coming in at 183k, beating the expected decline to 150k from December's revised 176k. While the ADP jobs data...
The Japanese Yen (JPY) is attracting fresh buyers after data released during Wednesday's Asian session showed a rise in real wages in Japan, confirming bets that the Bank of Japan (BoJ) will raise interest rates again. This is significantly at odds with expectations that the Federal Reserve (BoJ) will cut borrowing costs twice before the end of this year. As a...
The GBP/USD exchange rate experienced a decline following a series of tariff threats issued by US President Donald Trump. However, subsequent to the imposition of tariffs on Canada and Mexico being deferred by the Trump administration for a period of 30 days, global risk markets demonstrated a recovery. The likelihood of US tariffs on the UK remains low, and the...
EUR/USD was subjected to heavy selling on Monday and fell towards 1.0200 early in the Asian session. Spot prices have returned to more than two-year lows reached in January and look set to continue their multi-month downtrend. The US Dollar (USD) is rising across the board in response to US President Donald Trump's decision over the weekend to impose 25 per cent...
The Japanese yen (JPY) underwent heavy selling during the Asian session on Tuesday and pulled back from the six-week high reached the previous day against its US counterpart. Investors remain concerned about the potential economic fallout from US President Donald Trump's trade policies, which in turn undermines the Japanese yen. In addition, a good rebound in US...
The GBP/USD pair is trading slightly higher around 1.24450 in the early hours of European trading on Thursday. The moderate decline in the US dollar is providing some support to the major pair. Investors will be keeping a close eye on the preliminary US gross domestic product (GDP) data for the fourth quarter (Q4), due for release later today. GBP/USD spun in a...
Event to pay attention to today: 21:00 EET. USD - FOMC Rate Decision EURUSD: On Tuesday, the EUR/USD exchange rate experienced a slight decline, dropping six-tenths of a percentage point to the 1.04000 mark as financial markets prepare for the upcoming Federal Reserve (Fed) statement scheduled for Wednesday. Market analysis indicates a strong likelihood of...
The stock price of #NVIDIA fell by 13.93%, closing at $118 on January 27 , following the success of Chinese startup DeepSeek in artificial intelligence. The plunge in NVIDIA’s shares was triggered by the rising prominence of DeepSeek, whose AI model R1 surpassed OpenAI in key metrics, raising concerns over the U.S.’s leadership in IT technologies. The market...
The Japanese yen (JPY) weakened during the Asian session on Tuesday, moving away from the six-week high recorded earlier against the US dollar (USD). The weakening was driven by investor concerns over the impact of US President Donald Trump's trade policy. Tougher rhetoric on trade tariffs, in particular statements about new duties, undermined the yen's position...