USD/CHF edges up to near 0.7925 as US Dollar remains firm amid Middle East uncertainty
The USD/CHF pair ticks higher to near 0.7925 during the European trading session on Thursday. The Swiss Franc pair gains as the US Dollar (USD) holds onto gains amid growing doubts over an early ceasefire between the United States (US) and Iran, following the release of Tehran’s conditions. During the press time, the US Dollar […]
Wobbles around 1.3360 amid uncertainty over US-Iran ceasefire
The GBP/USD pair trades in a tight range around 1.3360 during the early European trading session on Thursday. The Cable consolidates as investors await clarity on whether Iran intends to pursue a ceasefire, as claimed several times by United States (US) President Donald Trump. On late Wednesday, US President Trump stated in a fundraiser event […]
USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts
The USD/CAD pair extends its winning streak for the fourth trading day on Thursday and jumps to near 1.3830 during the Asian trading session, the highest level seen in two months. The Loonie pair trades firmly as the US Dollar (USD) rises amid uncertainty surrounding the war in the Middle East, which involves the United […]
AUD/USD steadies near 0.6950 as geopolitics drive USD demand
The Australian Dollar begins Thursday’s session with minuscule gains of 0.04%, after posting losses of 0.68% on Wednesday, courtesy of broad US Dollar strength, despite improved risk appetite. At the time of writing, the AUD/USD trades at 0.6950. Aussie pares losses after softer Australian inflation, but broad US Dollar strength keeps upside limited Geopolitics are […]
NZD/USD hovers near 0.5800 as firm USD and geopolitical tensions cap upside
The NZD/USD pair fell to the 0.5800 region, remaining under pressure as the US Dollar (USD) stays firm amid geopolitical uncertainty and elevated yields. The Greenback continues to draw support from rate differentials and safe-haven demand, particularly as uncertainty resurfaced after Iran signaled reluctance to engage with the United States (US), keeping markets cautious and […]
US Dollar extends advance but stalls near 159.50
USD/JPY registers back-to-back bullish days on Wednesday after testing key support at the 20-day Simple Moving Average (SMA) around 158.24 on Monday, yet it remains shy of clearing the key weekly high of 159.65 hit on Monday. At the time of writing, the pair trades at 159.27, up 0.36%. USD/JPY Price Forecast: Technical Outlook The […]
Government formation faces prolonged negotiations – Nordea
Nordea’s Group Chief Economist Helge J. Pedersen notes that the Danish parliamentary election has produced a highly fragmented Folketing, with 12 parties entering parliament and no majority for either the red or blue bloc. The Moderates, led by Lars Løkke Rasmussen, now hold the balance of power. Pedersen highlights that complex negotiations could delay forming […]
Energy scenarios shape BoE outlook – ING
ING’s James Smith outlines scenarios for UK inflation, with current energy prices implying a brief 4% peak in autumn and ING’s base case of easing disruption pointing to a 3.5% peak in September. He notes inflation should fall near term, with Ofgem’s July cap change key, and sees 2025 as the better guide to economic […]
War-driven inflation outlook reshapes rate path – Nomura
Nomura’s Global Markets Research team notes UK CPI inflation held at 3.0% year-on-year in February, matching Bank of England (BoE) forecasts. Services inflation stayed sticky, but core measures eased slightly. With the Iran war pushing up energy and fuel costs, Nomura now expects the Bank of England to keep rates on hold throughout its forecast […]
Pound Sterling struggles vs USD as 200-day SMA caps gains
The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday. Spot prices stick to modest intraday losses below the 1.3400 mark through the early European session and react little to the latest UK consumer inflation figures. The UK Office […]
