The EUR/USD pair relinquished its earlier gains on Thursday following a broad weakening of the US Dollar (USD) after the televised Trump-Harris presidential debate. Analysts generally agree that Vice President Kamala Harris outperformed during the...
The pair briefly touched the 1.1004 level on Thursday, before retreating back to its opening bids as market forces weighed on the Euro. After a short-lived technical recovery earlier in the week, the pair remains constrained, with traders shifting...
Last week, the GBP/USD pair reached a fresh 30-month high, nearing the 1.3430 level, following a significant interest rate cut by the US Federal Reserve (Fed). The Fed’s decision to reduce rates by 50 basis points (bps) marked its first rate cut in...
Technical Analysis of GBP/USD The sterling continued to grow last trading week and reached new local highs but faced stiff resistance, which forced it to continue moving higher. Having consolidated above the 1.3292 level, the pair was able to...
USD/JPY: Shigeru, Ueda, and ADP report The yen is losing ground again. After nearly a 500-pip rally, the Japanese currency has been falling against re greenback again. On Monday, the USD/JPY pair hit a two-week low, dropping to 141.66, reacting to...