The Bank of England (BoE) has increased its policy rate by 25 basis points to 4.25%, resulting in a drop in the GBP/USD exchange rate to around 1.2300. We discuss the implications of the decision and the market reaction. The Bank of England (BoE) has raised its benchmark interest rate.
Introduction The AUD/USD currency pair is making gains on Wednesday, March 22, as the US dollar continues to weaken. The weakness in the dollar is attributed to expectations of a less hawkish Fed, and easing fears of a banking crisis. This article will discuss the factors contributing to the AUD/USD.
Introduction The USD/JPY currency pair has been oscillating in a narrow trading band on Wednesday, lacking any firm direction. The pair’s movement has been influenced by a subdued USD price action and positive risk tone, which provides some support. However, traders are currently hesitant and prefer to wait for the.
Introduction The GBP/USD currency pair has reached its highest level since early February thanks to a combination of supporting factors. In this article, we will take a closer look at these factors and what they mean for the forex market. UK CPI Data One of the main drivers behind the.
Introduction The EUR/USD currency pair has been showing a bullish trend in recent days, closing positively for four straight trading days. The currency pair is expected to continue this momentum and surpass the 1.08 barrier, according to economists at ING. However, they also warn of possible downside risks stemming from.
The EUR/USD currency pair has held an upside bias near the 1.0800 region due to several factors. Firstly, the European Central Bank (ECB) President, Christine Lagarde, has commented that underlying inflation dynamics remain strong, which has boosted investor sentiment. Additionally, the anticipation of the Federal Reserve’s (Fed) interest rate decision.
The AUD/USD may experience further downside as investors lose confidence in the Reserve Bank of Australia’s (RBA) ability to control stubborn inflation. While the RBA has acknowledged concerns about the volatility of monthly Consumer Price Index (CPI), investors are not convinced that their response is adequate to contain the consequences.
Introduction The USD/JPY currency pair has been experiencing a volatile market as buyers and sellers fight for control. After experiencing two consecutive days of losses, the currency pair has picked up momentum and is testing a key resistance level. In this article, we will discuss the current market status.
The GBP/USD pair had been on a winning streak, but that came to an end as the currency pair faced pressure from a modest USD bounce. The recent recovery in US bond yields is seen as a key factor benefiting the greenback. While bets for a less hawkish Fed and.
Introduction The EUR/USD currency pair has been experiencing a volatile market as buyers and sellers fight for control. While the Euro buyers had a good run, the sellers are now pushing back, leading to a mild decline. In this article, we will discuss the current market status of EUR/USD and.
Introduction: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang have recently provided their insights on the potential movements of the EUR/USD currency pair. According to them, the currency pair is expected to remain in its current consolidative range in the near future. This article will.
Introduction The AUD/USD currency pair pulled back from a nearly two-week high on Monday as investors awaited fresh catalysts. While an intraday recovery in global risk sentiment helped limit the downside, the pair faced headwinds from bets for a less hawkish Federal Reserve. Traders now turn their attention to the.