Economic News Category

EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD The EUR/USD pair has seen selling pressure for the fifth consecutive day, dipping to a fresh three-week low near the 1.1030 mark during Thursday’s Asian session. This bearish momentum is driven by broad US Dollar (USD) strength, pushing the pair below the 50-day Simple Moving Average

EUR/USD Posts Modest Gains Above 1.1050, Traders Eye US ADP Report The EUR/USD pair is experiencing slight gains, trading around 1.1070 during Asian trading hours on Wednesday. However, any escalation in geopolitical tensions, particularly in the Middle East, could weigh on risk-sensitive assets like the Euro (EUR). Investors are also focusing on the US ADP

GBP/USD Sees Mild Losses Below 1.3400 Ahead of US PMI Data The GBP/USD pair faces slight declines, hovering around 1.3370 during Tuesday’s Asian trading session. Less dovish comments from Federal Reserve (Fed) Chair Jerome Powell have strengthened the US Dollar, putting pressure on the pair. Market participants are now focused on the upcoming US ISM

EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts EUR/USD started the week on a positive note, trading around 1.1170 during the Asian session on Monday. This uptick can be attributed to a weakening US Dollar (USD), driven by expectations of continued policy easing from the US Federal Reserve in November. On Friday,

USD/CHF Rises Above 0.8450 as Traders Anticipate US PCE Data The USD/CHF pair gained traction on Friday, climbing to around 0.8485 during the early European session. This move comes as the Swiss Franc (CHF) weakens, following the Swiss National Bank’s (SNB) decision to lower interest rates on Thursday. Traders are now focused on the upcoming