USD/CHF gains ground to near 0.9110 in Monday’s early European session. The upbeat US employment data for January supports the US Dollar. The uncertainty and ongoing Middle East geopolitical tensions could boost the safe-haven currency like the CHF. The USD/CHF pair gathers strength to around 0.9110 during the early European session on Monday. The US…
Here is what you need to know on Thursday, February 6: Major currency pairs stay relatively quiet early Thursday as investors gear up for the upcoming key events. The Bank of England (BoE) will announce monetary policy decisions. Governor Andrew Bailey will speak on the policy outlook and respond to questions in a press conference…
EUR/USD rises to 1.0335 on Tuesday, gaining bullish momentum. The pair surges past the 20-day SMA at 1.0360, signaling a potential trend shift. RSI climbs to 50 in positive territory, while the MACD histogram remains flat with green bars. The EUR/USD pair extended its upward movement on Tuesday, advancing to 1.0335 and showing renewed buying interest….
NZD/USD gains momentum to around 0.5630 in Tuesday’s early Asian session, up 0.62% on the day. Trump has confirmed the postponement of his Canada and Mexico tariffs in a post on Truth Social. Trump tariffs on China are due to hit at 05.00 GMT on Tuesday. The NZD/USD pair recovers some lost ground to near…
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD)…
NZD/USD advances on Friday, holding above the key 0.5700 level. The pair maintains its uptrend, supported by bullish technical indicators. Focus remains on whether momentum can push the pair toward the next resistance level at 0.5750. The NZD/USD pair continued its upward trajectory on Friday, rising by 0.44% to settle at 0.5705 and mantains its footing above…
EUR/USD advances on Friday, marking a solid recovery to 1.0485. Technical indicators point to strengthening momentum, with the pair nearing short-term resistance. Focus shifts to whether buyers can maintain traction above the 1.0500 psychological level. The EUR/USD pair ended the week on a bullish note, climbing 0.66% to settle at 1.0485 on Friday. This move signals…
EUR/USD dips and lands around 1.0285 amid fading upside impetus. RSI edges up, still confined in negative territory and signaling lukewarm buying interest. MACD histogram remains flat with green bars, highlighting a lack of compelling bullish follow-through. The EUR/USD pair struggled to maintain upward momentum on Friday, slipping by 0.20% to settle around the 1.0285…
EUR/USD falls for the fourth consecutive session before a modest uptick to 1.0310 on Friday. RSI hovers at 33, edging closer to oversold territory amid persistent bearish pressure. EUR/USD deepened its descent into fresh lows not seen since November 2022, briefly dipping below 1.0250 on Friday and the pair tallies four-day losing streak, reflecting an…
AUD/USD falls with Trump’s tariff threats and robust US labor data fueling gains in the US Dollar. US initial jobless claims drop significantly, underscoring the labor market’s strength. Australian inflation data shows slight increase but fails to boost the Aussie as traders awaited FOMC minutes. The Australian dollar posted losses of over 0.40% against the…