EUR/USD The Euro has plunged against the US dollar after the Federal Reserve accompanied its rate hold with a hawkish stance on its projections. The new Fed Chair Kevin Warsh who debuted his first conference surprised the markets when he mentioned that rates will remain unchanged at 3.75% with a rate cut off the table after citing upside inflation risks. In addition to that, the Fed projected it’s rates for 2026 to 3.8%, sparking the possibility of a hike in the
EUR/USD The EUR/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since late March, around the 1.1480-1.1475 region touched the previous day. The intraday move up is sponsored by a broadly weaker US Dollar (USD) and lifts spot prices to a fresh daily high, around the 1.1525 area in the last hour. GBP/USD The GBP/USD pair gains some positive traction during the Asian session on Thursday and moves away from its lowest level
EUR/USD The EUR/USD pair trades with a positive bias for the third straight day and holds steady above the 1.1600 mark through the Asian session on Wednesday. Bulls, however, seem hesitant and opt to wait for the outcome of a two-day FOMC policy meeting before positioning for an extension of the recent goodish recovery from the 1.1500 psychological mark, or over a two-month low, touched last week. GBP/USD The British Pound (GBP) extends losses against the US Dollar (USD) on Wednesday, with the
EUR/USD The EUR/USD pair trades in positive territory around 1.1590 during the early Asian session on Tuesday. A deal to reopen the Strait of Hormuz spurred a rally in riskier assets such as the Euro (EUR) against the US Dollar (USD). Traders await the US Federal Reserve (Fed) interest rate decision later on Wednesday. GBP/USD GBP/USD loses ground after registering minor gains in the previous day, trading around 1.3400 during the Asian hours on Tuesday. The pair inches lower as the US Dollar (USD)
EUR/USD EUR/USD rises after registering minor losses in the previous day, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) declines amid easing risk aversion following the reports that the United States (US) and Iran agree on a peace deal to end the war and reopen the Strait of Hormuz. GBP/USD GBP/USD gains ground after registering minor losses in the previous day, trading around 1.3450 during the Asian hours on Monday. The pair rises as
EUR/USD The EUR/USD pair trades in positive territory near 1.1540 during the early Asian trading hours. Rising bets that the European Central Bank will deliver a rate hike at its June policy meeting later on Thursday underpin the Euro against the Greenback. GBP/USD The GBP/USD pair gathers strength to around 1.3385 during the Asian trading hours on Thursday. However, the potential upside might be limited amid rising expectations for higher-for-longer US interest rates. Markets might turn cautious later in the day ahead of
EUR/USD The EUR/USD pair trades in a tight range around 1.1545 during the Asian trading session on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades calmly ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. GBP/USD The GBP/USD pair trades in positive territory around 1.3390 during the early European trading hours on Wednesday. Markets might turn cautious later in the day ahead of the US May Consumer
EUR/USD EUR/USD rebounds after registering 0.75% losses in the previous day, trading around 1.1530 during the Asian hours on Monday. The daily chart technical analysis indicates an ongoing bearish bias as the pair is positioned near the lower boundary of the descending channel pattern. GBP/USD The GBP/USD pair trades with mild losses around 1.3340 during the European trading hours on Monday. Ongoing tensions in the Middle East and rising bets of a US interest rate hike provide some support to the US
EUR/USD EUR/USD extends gains for the second successive day, trading around 1.1620 during the Asian hours on Friday. The Euro (EUR) finds support as recent Eurozone inflation data solidified market expectations for a near-certain 25-basis-point rate hike by the European Central Bank (ECB) at its June 11 meeting. Traders are pricing in a total of two or three rate increases for the year. GBP/USD Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank
EUR/USD EUR/USD inches lower after moving little in the previous day, trading around 1.1630 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) remains firm, driven by stalled US-Iran peace negotiations and renewed tensions in the Middle East continued to underpin safe-haven demand. GBP/USD UOB strategists Quek Ser Leang and Lee Sue Ann describe GBP/USD price action as range-bound after a brief drop to 1.3407, expecting the pair to edge lower toward 1.3430 while keeping 1.3405 as distant
