Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%. Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes. EUR/USD trip down extends…
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down…
The Australian Dollar holds gains, potentially driven by a productive phone call between Donald Trump and Xi Jinping. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The…
USD/CHF edges higher as the US Dollar appreciates, potentially driven by a technical correction. Trump’s import tariff on steel and aluminum rose to 50%, effective at 04:00 GMT. The recent Swiss data reinforced the odds of the SNB delivering a 25 basis point rate cut in June. USD/CHF remains stronger for the second successive session,…
The Franc surges nearly 1% as Trump’s tariff threats trigger risk aversion and deepen the US Dollar’s slide. USD/CHF breaks below 0.8250, nearing key support at May’s low of 0.8184. Bearish flag breakdown points to a possible test of the 2025 low at 0.8038. Traders pile into Swiss Franc as US protectionism and fiscal risks…
Here is what you need to know on Thursday, May 22: The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April…
UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target. Core inflation accelerates to 3.8%, raising doubts over future rate cuts. US Dollar tumbles as G-7 stokes speculation of Washington favoring weaker Greenback. The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday…
NZD/USD drifts higher to around 0.5935 in Wednesday’s early Asian session, adding 0.18% on the day. New Zealand’s Trade Surplus climbs to NZ$1,426 million in April vs. NZ$794 million prior. The concerns over the US economy could drag the US Dollar lower broadly. The NZD/USD pair attracts some buyers to around 0.5935 during the early…
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower…
USD/CAD may find initial resistance at its six-week high of 1.4016. The 14-day RSI remains slightly above 50, indicating continued bullish bias. The immediate support appears at the nine-day EMA of 1.3936. The USD/CAD pair is losing ground after registering gains in the previous session, trading around 1.3950 during the European hours on Monday. The…