The Spot price is gaining momentum, trading near 0.8940 during the early European session on Friday. The strengthening Dollar has been a key driver, with traders positioning themselves ahead of important US economic data set to be released next...
Important Points about GBPUSD: Yesterday, the release of the UK GDP data is expected to have a significant impact on the market, especially for buyers. Economic data from the UK has always been closely watched, and this release could offer key...
The Swiss National Bank thus cut its key deposit rate by 50 basis points from 1.00% to 0.50% today, surprising markets that had expected a 0.25% cut. An accompanying central bank statement said the bank's management "will continue to closely monitor...
General points about USDJPY: Although there have been no notable JPY-related news events this week, as they were not included in the calendar, the overall trend for USDJPY has been in favor of buyers. The market has shown a clear upward trajectory,...
Silent Points about EURUSD: Yesterday, the European Central Bank (ECB) kept the Main Refinancing Rate unchanged, which had a noticeable impact on the EURUSD market. Without any significant changes to the rate, the market remained largely stagnant,...
