Central banks across the globe have been responsible for the recent volatility pump into the FX market, as the EUR/USD pair whipsaws between 1.0350 and 1.0800. Fiber ended last week’s session around the mid-point of this range at 1.0500, as dollar traders remained torn between inflation fears and demand for safety. Last week, the US […]
The EUR/USD pair recorded a predominantly bearish week to close its weekly candle near the 1.0500 inflation fears triggered risk flight. Most macroeconomic data highlighted worsening price increases and economic growth, prompting investors to flock to safer assets. The European Central Bank (ECB) played the most critical role in the dollar’s bullish performance last week […]
Sterling weakened against the dollar in the London session on Thursday as the worsening economic outlook and political woes exerted pressure on the single currency. The market focus shifted to the European Central Bank (ECB) press conference later today. As of press time, GBP trades at 1.2540 after rebounding from the 1.2500 level earlier today. […]
The US Dollar Index (DXY) fell to its lowest point since April 26 in the London session on Tuesday, as the euro bolstered gains and Wall Street grabbed attention away from safe-haven assets. The DXY fell to the 101.74 low but currently trades at 101.96 at press time. The euro emerged as the top gainer […]
The euro recorded a spike against all major currencies in the European session on Thursday, following strengthening expectations of an interest rate hike by the European Central Bank in July. Bundesbank President Joachim Nagel was the latest policymaker to assert that the ECB will raise its interest rate at the start of Q3 2022. Another […]
European Central Bank (ECB) President Christine Lagarde asserted at the Bank for International Settlements (BIS) Innovation Summit that cryptocurrencies are, without a doubt, being used by Russian companies and individuals to circumvent the slew of sanctions levied against them following Russia’s invasion of Ukraine. Expressing her displeasure of the continued use of crypto for sanctions […]
The EUR/GBP pair fell into a sideways pattern in the European session on Thursday after regaining a significantly bullish momentum on Monday. The currency pair touched a new four-week high at 0.8417 yesterday before reversing mildly over the past few hours. Today’s correction poses a potential break in the parabolic bull run recorded since Monday. […]
President of the European Central Bank (ECB), Christine Lagarde, has called on the European Union (EU) to take on the task of stricter cryptocurrency regulations. Lagarde explained that this would restrict Russia from bypassing hefty monetary sanctions since it launched an invasion operation in Ukraine. ECB President Remains Vocal on Cryptocurrency Regulation Warnings Notably, the […]
The US dollar continued to show weakness in the European session on Thursday, as the euro extended its gains against the safe-haven currency amid a hawkish change in outlook by the European Central Bank (ECB) last week and the release of the US Consumer Price Index (CPI) later today. The CPI data release is expected […]
