Introduction: EUR/USD has been making headlines in the forex market as it consolidates after refreshing its intraday high. The currency pair has been on an uptrend for the past two days, with buyers remaining optimistic despite Wednesday’s big losses. This article will delve into the factors driving the recent price.
The EUR/USD currency pair has been gaining ground amidst a risk-on sentiment in the market. On Friday, the pair rose to a two-day high of 1.0665/70, reflecting the optimism around the European currency and the risk complex in general. One of the main factors driving this trend is the recent.
The AUD/USD pair gained some positive momentum on Thursday as upbeat Australian jobs data boosted the domestic currency. The latest figures from the Australian Bureau of Statistics (ABS) showed that the country’s unemployment rate dropped to 4.6% in February, beating analysts’ expectations of 5.0%. The data also revealed that the.
The Japanese Yen has historically been considered a safe haven currency during times of financial crisis, thanks to Japan’s large current account and net foreign asset position. In times of economic uncertainty, investors often turn to the Yen as a safe haven, causing it to outperform other currencies. This trend.
The GBP/USD currency pair is tracking a slightly softer course on the charts, according to analysts at Scotiabank. Net losses yesterday and firm resistance around the 1.22 zone have left the pair struggling to gain momentum today. While intraday gains have been seen, they have been capped around the 1.21.
The EUR/USD currency pair is showing signs of life as traders await the European Central Bank’s (ECB) decision on Thursday to hike interest rates by 50 basis points. The pair partially faded Wednesday’s acute pullback and is currently trading above the 1.0600 level. The ECB’s decision is expected to be.
Introduction: The European Central Bank (ECB) is facing a critical decision regarding the planned interest rate hike amid market disruptions. The market conditions have created uncertainty and make it difficult for the ECB to make a decision. Economists at ING analyzed the possible impact on the Eurozone’s shared currency (EUR).
The AUD/USD pair has struggled to hold onto its gains as the US dollar strengthened against its Australian counterpart. The greenback rose in value due to expectations that the Federal Reserve will adopt a hawkish outlook, which will cause US bond yields to rise. Higher bond yields increase the attractiveness.
The USD/JPY pair has picked up bids, extending its rebound from a one-month low despite pressure on US 10-year Treasury bond yields. While the yields on the 10-year Treasury bond remain pressured, the two-year counterpart has increased, indicating a mixed outlook for the US economy. Global Markets Remain Dicey Despite.
Introduction The GBP/USD pair has been showing mixed signals lately, with the price rebounding from an intraday low but still remaining indecisive after reversing from a one-month high. This article will provide an overview of the current situation of the GBP/USD pair and its support confluence, along with the key.
Introduction: The EUR/USD currency pair is trading near a multi-day top as the dollar falls on weak Treasury bond yields. The forex market has been closely monitoring the inflation data released in the US, which failed to bolster hawkish Fed bets. The euro is also gaining strength due to receding.
The EUR/USD currency pair has been trading in a narrow range of 1.0560-1.0800 for several weeks now, and according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, this trend is expected to continue in the near future. In the last 24 hours, the pair has.