Forex News Category

EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices EUR/GBP has continued its upward trajectory, making gains for the second consecutive day and currently trading at around 0.8610 during the European trading session on Monday. This surge in the currency pair can be attributed in part to the recent statements made by Christine Lagarde,

GBP/USD Shows Modest Recovery Around 1.2420-25, But Uncertainty Lingers The GBP/USD currency pair has displayed resilience, maintaining a foothold below the critical 1.2400 level for the second consecutive day. During the Asian session on Friday, it garnered some buying interest after having recently plumbed a three-month low. As of the moment, it hovers around the

USD/CAD Steady Above 1.3500s, Eyes on US CPI Report In the early hours of Wednesday’s Asian trading session, the USD/CAD currency pair found itself in a stable position, hovering just above the mid-1.3500s range. This marks a phase of consolidation for the pair, following its recent descent to a one-and-a-half-week low that was recorded just

AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase During the Asian session on Monday, the AUD/USD held above the 0.6400 area, with the Australian Dollar (AUD) benefiting from a weaker US Dollar and diminishing concerns about China’s deflation. Currently trading near 0.6425, the pair has gained 0.75% for

GBP/USD Recovers, Stays Below 1.2500 GBP/USD has seen a glimmer of hope after enduring three consecutive days of losses. In the Asian trading session on Friday, the currency pair made a modest recovery, hovering around the 1.2490 mark. This turnaround can be primarily attributed to a correction in the value of the US Dollar (USD),