Pair struggles below 1.1600 as sellers maintain control

Pair struggles below 1.1600 as sellers maintain control

EUR/USD trades with a mild downside bias on Friday as a modest rebound in the US Dollar (USD) weighs on the Euro (EUR), with price action lacking follow-through buying after failing to sustain a break above the 1.1600 mark. At the time of writing, the pair hovers near 1.1542, down around 0.38% on the day, […]

Dow Jones slides as Iran war, hawkish Fed drive fourth losing week

Dow Jones slides as Iran war, hawkish Fed drive fourth losing week

The Dow Jones Industrial Average (DJIA) tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%. Overnight strikes between Iran and Israel, fresh attacks on energy sites in the […]

USD/CHF flat as Fed outlook and Oil-driven USD demand limit downside

USD/CHF flat as Fed outlook and Oil-driven USD demand limit downside

The Swiss Franc (CHF) trades flat against the US Dollar (USD) on Friday, reversing part of its earlier gains as the Greenback eases slightly from daily highs. At the time of writing, USD/CHF is trading around 0.7878 after briefly touching the 0.7900 mark.  Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]