Investor sentiment towards risk stayed strong on Wednesday as the US House geared up to vote on concluding the longest government shutdown in American history. As we reach the 43rd day, a favorable vote would enable government agencies to start disseminating a significant backlog of economic data in the upcoming weeks — data that is … Read more
The USD/CHF experienced a significant decline. However, it continues to operate within a wide consolidation range. Support is positioned around 0.79, and a breakout above 0.8150 may trigger bullish momentum, particularly with the possibility of SNB intervention on the horizon. The US dollar has experienced a notable decline against the Swiss franc during trading on … Read more
The GBP/USD has decreased to 1.3105, reflecting a decline of 0.34% in Wednesday’s North American session. The pair’s weakness indicates a significant interplay of UK political instability, declining labor data, and evolving expectations regarding Bank of England policy. Meanwhile, the U.S. Dollar Index remains stable around 99.58 as Washington moves closer to concluding its government … Read more
The EUR/USD pair was observed trading at approximately 1.1574 on Wednesday, reflecting a decline of 0.11% intraday as market participants assessed the impact of disappointing U.S. employment data in light of increasing anticipations for a Federal Reserve rate cut in December. Despite intraday losses, EUR/USD is currently up 0.63% week-on-week, showing strength near the upper … Read more
The USD/JPY pair is currently trading at approximately ¥154.10, consolidating close to its nine-month peak after reaching ¥154.49, as global traders assess the optimism surrounding Washington’s fiscal relief in contrast to Tokyo’s tightening stance. The U.S. Senate’s decision to reopen the government has sparked increased demand for the dollar and enhanced risk appetite, while Japan’s … Read more
The U.S. dollar experienced a decline in the early part of the Monday session, but subsequently rebounded, demonstrating renewed strength against the Canadian dollar once more. Ultimately, the Canadian dollar faces several challenges, chief among them being the sluggish nature of the Canadian economy itself. Additionally, we must consider the implications of the trade war … Read more
GBP/USD remained around 1.3120, showing a decline in momentum after it was unable to maintain its position above the 1.3170–1.3180 range earlier in the session. The pair’s short-term trajectory is limited by declining UK employment data, which has strengthened expectations that the Bank of England may consider rate cuts earlier than previously thought. The UK … Read more
The EUR/USD is trading at 1.1560, positioned just below the 1.1600 resistance zone following a four-day rebound. The recent price movements of the pair indicate a struggle between a recovering Euro sentiment and a vulnerable U.S. Dollar, as the market processes the conclusion of the U.S. government shutdown and fresh speculation regarding a potential Federal … Read more
The USD/JPY pair is currently positioned around 154.00, consolidating slightly beneath the significant resistance zone of 154.50–155.00, as market participants analyze the recent weak U.S. labor data alongside the Bank of Japan’s prudent policy approach. The dollar initially surged to a new nine-month peak at 154.50, but then pulled back as weaker U.S. employment figures … Read more
The AUD/USD exchange rate has been stable within a tight range at a significant support level following the Reserve Bank of Australia’s decision to keep interest rates steady. The asset was priced at 0.6500, a decline from the year-to-date peak of 0.6700. The AUD/USD pair responded to the recent RBA interest rate decision, where officials … Read more