The Pound Sterling weakens following strong U.S. retail sales data and a drop in jobless claims FUNDAMENTAL OVERVIEW: The Pound Sterling (GBP) is struggling to climb back above the key 1.3000 level against the US Dollar during Thursday’s New York session. The GBP/USD pair has given up some of its intraday gains as the US Dollar strengthens following the...
USD/CHF drops to 0.9000 as Swiss Franc gains strength before Swiss inflation data release FUNDAMENTAL OVERVIEW: The USD/CHF pair continues its losing streak for the third consecutive trading session on Monday. Despite the US Dollar’s rebound amid uncertainty before a data-heavy week in the United States, the Swiss Franc asset weakens. This week, the US economic calendar features several...
The USD/CHF maintains near 0.9100 levels amid positive market sentiment. FUNDAMENTAL OVERVIEW: For the third consecutive day, the USD/CHF maintains its upward momentum, hovering around 0.9100 in early European trading on Monday. The strengthening of the USD largely contributes to the uptrend of the USD/CHF pair. Notably, Swiss markets are closed today due to the Whit Monday bank holiday....
Gold finds favor as investors seek safety amid global turmoil. FUNDAMENTAL OVERVIEW: Gold jumps on Wednesday after softer-than-expected US inflation (CPI) and retail sales data for April. This surprise drop weakens the US dollar and raises the possibility of earlier interest rate cuts by the Federal Reserve. Lower interest rates, or even the anticipation of them, benefit gold as...
NZD/USD hits a new peak, reaching around 0.5980, its highest level in two weeks. FUNDAMENTAL OVERVIEW: In Monday’s European session, the NZD/USD pair reaches a two-week peak of around 0.5980. The Kiwi currency gains 0.55% as investor interest in riskier assets remains strong. Meanwhile, the US Dollar declined due to concerns about its economic outlook, fueled by recent weak...
USD/CHF edges closer to the 0.9050 mark as geopolitical tensions in the Middle East ease. FUNDAMENTAL OVERVIEW: The USD/CHF climbed for the second day in a row on Monday, reaching close to 0.9050 during European trading hours. Israel’s move to withdraw more troops from Southern Gaza, possibly under increasing international pressure, has helped ease tensions. Additionally, peace negotiations between...
The outlook for the US Dollar dims as it retraces Tuesday’s advances. The US Dollar (USD) is showing a decline now that the dust has settled on the slightly higher-than-expected US Consumer Price Index (CPI) data, raising uncertainties about the Federal Reserve’s (Fed) timing for interest rate cuts. Following an initial uptick after the CPI data release, the dollar...
NZD/USD continues its upward momentum beyond 0.6050, with attention shifting to US PMI data. FUNDAMENTAL OVERVIEW: For the second consecutive session, NZD/USD is on an upward trajectory, hovering around 0.6060 in the European session on Friday. The Kiwi pair is fuelled by the surprisingly positive New Zealand Retail Sales data, revealing unexpected stability with a flat 0.0% reading in...
This week’s oil prices are rising as markets prepare for OPEC’s output cuts. Oil prices have surged for two consecutive days as traders anticipate potential supply cuts from OPEC+. While the scheduled meeting is on November 26th, market rumors suggest that Saudi Arabia may extend and expand its production cut both in volume and duration. This situation leaves oil...
DOGE is making a concerted effort to surpass the $0.0786 mark after facing three consecutive unsuccessful attempts. FUNDAMENTAL OVERVIEW The Dogecoin (DOGE) price is showing resilience, persisting in its upward trajectory despite facing repeated rejections at a significant supply barrier. The allure of reaching the $0.0850 mark continues to drive its momentum. The Dogecoin price has its sights set...