Browsing: Currency Updates

Euro Gains Ground but Faces Resistance Amid Tariff Concerns The EUR/USD pair rebounds to 1.0425 in early European trading on…

The NZD/USD pair is showing signs of a momentum shift, trading near key support and resistance levels as traders navigate a week packed with high-impact economic events. Investors are closely watching central bank policies, inflation trends, and employment reports, which will likely dictate the next major move for the pair.

The USD/CHF pair continues to decline, trading near 0.9030 in the early European session on Wednesday, as investors seek refuge in safe-haven assets like the Swiss Franc (CHF).

GBP/USD Remains Steady Amid Market Uncertainty The GBP/USD pair maintains its position above 1.2600, trading near 1.2610 during Wednesday’s Asian…

Asian markets faced mixed reactions on Wednesday as U.S. President Donald Trump reignited trade tensions with fresh tariff threats on key industries

Global financial markets are adjusting to major central bank decisions, with the Reserve Bank of Australia (RBA) cutting interest rates for the first time since 2020 while the Federal Reserve remains cautious on rate policy.

The USD/CAD pair remains under pressure, hovering near 1.4205 during the early European session on Tuesday. While the U.S. Dollar (USD) maintains strength, the pair’s bearish technical setup suggests further downside potential.

The GBP/USD pair ends its five-day winning streak, retreating towards the 1.2600 level early Tuesday. A broad-based US Dollar (USD) recovery and a cautious risk sentiment are pressuring the British Pound (GBP) ahead of the release of UK labor market data.

The EUR/USD pair remains range-bound after registering four consecutive days of gains, hovering just below the key 1.0500 psychological mark during Monday’s Asian trading session. Despite a weakening U.S. Dollar (USD) driven by shifting risk sentiment, the euro (EUR) is struggling to break through resistance levels, with investors focusing on upcoming economic data and global trade tensions.

Gold prices are rallying back towards $2,900 per ounce, rebounding from recent losses. While some analysts believe gold is overbought,…