Forex News Category

GBP/USD Stays Above 1.2500 Ahead of Tuesday’s UK Labor Data During Monday’s Asian trading session, the GBP/USD pair saw an uptick, reaching close to 1.2520, influenced by a surge in risk appetite. This rise was supported by unexpectedly strong UK Gross Domestic Product (GDP) data released on Friday, indicating that the UK economy grew by

EUR/USD Climbs as Weakening Labor Market Data Pressures US Dollar The EUR/USD pair remains confined within a narrow trading range just beneath the critical resistance level of 1.0800 during Friday’s European trading session. This comes after the pair rebounded sharply from 1.0725. Despite the relative calm, the currency pair maintains its strength, with investors appearing

USD/CHF Rises Above 0.9080 Amid Hawkish Fed Remarks, Stronger US Dollar During early European trading on Wednesday, the USD/CHF currency pair recorded modest gains, hovering around 0.9085. The rise is largely attributed to the U.S. dollar’s recovery, spurred by hawkish comments from Federal Reserve officials. These remarks have tempered expectations for potential interest rate cuts

USD/JPY Ends Three-Day Slide Above 153.50 as Yellen Warns on Currency Intervention The USD/JPY pair staged a notable reversal during Monday’s Asian trading session, breaking a three-day losing streak. This upward movement was fueled by a modest recovery in the US Dollar (USD) and remarks made by US Treasury Secretary Janet Yellen regarding potential Japanese

EUR/USD Nears 1.0750 as Risk Appetite Rebounds The EUR/USD pair continued its upward momentum, marking a third consecutive day of gains as it hovered around the 1.0730 level during Friday’s Asian session. This surge in the currency pair was fueled by a resurgence in risk appetite, particularly favoring risk-sensitive currencies such as the Euro. Investors