In the world of currency markets, the U.S. dollar stands tall, poised for a remarkable sixth consecutive week of ascension. Last week, all eyes were on Federal Reserve Chair Jerome Powell, who delivered a keynote speech at the Jackson Hole, Wyoming, gathering. Powell’s words resonated deeply, hinting at the potential necessity of forthcoming interest rate […]
GBPUSD Analysis – Price Could Fall Back to the 1.30120 Market Zone GBPUSD kicks off with a momentum drop this week following its prolonged bullish purge. The price has been on a bullish streak since the start of June, with buyers pushing the market higher and higher. The buyers’ momentum has been strong, breaking through […]
The US dollar hit a speed bump as the gauge of US business services activity stumbled in May. According to the Institute for Supply Management (ISM), its services PMI index took a nosedive, dropping to 50.3. This unexpected decline is fueling worries about the economic outlook, with overly restrictive monetary policy and stubbornly high inflation […]
The Swiss franc emerges as a top-performing currency against the US dollar in 2023, and investors are loving it. While other currencies have struggled to make headway against the dollar, the franc has managed to hold its own and even make gains in the current economic climate. This trend is likely to continue as US […]
The US dollar had a lukewarm week, slipping by 0.10% to 101.68 as positive sentiment from tech earnings boosted the equity market. However, with the Federal Reserve’s monetary policy decision and the nonfarm payrolls survey coming up, traders are advised to brace themselves for potential turbulence. The Fed is expected to raise interest rates by […]
On Friday, the dollar surged against the yen, on pace for its biggest daily gain in around two weeks, as the governor of the Bank of Japan (BoJ) said that the central bank will retain its ultra-loose monetary policy despite rumors that a change is on the horizon. BOJ Governor Haruhiko Kuroda said the central […]
Tuesday’s tumultuous trading saw the dollar decline versus the majority of the world’s currencies due to predictions of a potential Bank of Japan policy change that might terminate the central bank’s so-called “yield curve management” and pave the way for a tighter monetary policy. Over the past few weeks, expectations have caused the yen to […]
On Monday, the dollar (USD) slightly increased, temporarily pulling away from recent six-month lows against a basket of key currencies. Recent market speculation is that the US Federal Reserve’s tightening cycle may be coming to an end, and the fragile state of sentiment has caused it to decline. Additionally, the first trading day of the […]
Ahead of an important week of central bank meetings and data, the euro (EUR) grew weaker on Monday as the US dollar (USD) saw some bullish momentum. Central Bank Data From the US, Europe, and Britain to Determine Market Dynamics Leading the pack are the Federal Reserve, the European Central Bank (ECB), and the Bank […]
