EUR/USD rises above 1.1740 as appetite for risk affects the Dollar, attention on ECB
The EUR/USD has surpassed the simple moving average (SMA) of 1.1704, reaching a daily peak of 1.1747. The US is expected to slow progress in trade talks with the EU. Trade relations with the Philippines are providing limited support for the dollar. The European Central Bank (ECB) noted its retention rate on July 24 as […]
GBP/USD rises slightly even with UK borrowing increasing as the Dollar falls further.
GBP/USD climbs to 1.3504 as the US dollar weakens for two days in a row. UK borrowing hit £20.7 billion in June, raising doubts about Reeves’ fiscal strategy. Investors are looking forward to key data from the UK PMI and the US, including unemployment claims and durable goods orders. Despite the significant rise in UK’s […]
US Dollar Index (DXY) holds steady under 97.50 due to fresh worries about tariffs
The dollar is seeing slight gains, but investors are feeling cautious due to rising trade uncertainties. Risk appetite remains limited as trade discussions between the European Union and Japan have stalled. DXY is up 0.15% from Monday’s low, yet still 1% lower than last week’s peak. The US dollar is trading moderately higher against its […]
EUR/USD inches up as tariff uncertainty begins to affect the US Dollar.
The Euro Gains Strength Thanks to ECB Survey and Weaker US Dollar The Euro appreciates further due to a favorable ECB loan survey and a declining US dollar. Concerns over Trump’s tariffs contribute to a loss of momentum for the US dollar. Federal Reserve Chairman Jerome Powell is set to speak on Tuesday as pressure […]
Dollar falters as investors seek clearer tariff information
Currency Market Update The dollar experienced a slight increase on Tuesday, though trading activity was limited as investors looked for updates ahead of the August 1 deadline. This date is significant as it could lead to sudden tariffs on U.S. trading partners that do not meet certain transaction requirements. The yen remained mostly stable following […]
Forex Today: US Dollar faces challenges in regaining strength as Trump and Powell’s disagreements intensify
Key Updates for Tuesday, July 22nd The US Dollar (USD) started the week facing challenges, showing significant losses against major currencies on Monday. Although it maintained some stability early Tuesday, investors seemed hesitant to jump back into the market. Much of the focus remains on the ongoing conflict between US President Donald Trump and Federal […]
Dollar uncertain as investors look for clearer details on tariffs
Market Movements Amid Trade Talks On Tuesday, trading remained somewhat cautious as investors monitored developments in trade negotiations with an important deadline looming on August 1. If agreements aren’t reached with the U.S., tariffs could come into play. The Japanese yen showed some resilience after gains in the previous session, reflecting a collective sigh of […]
US Dollar Index remains stable around 98.00 amid market caution.
The US dollar index remains stable as traders focus on rising tariff worries and Federal Reserve uncertainties. U.S. Secretary of Commerce Lutnick highlighted that August 1 is a crucial deadline, though discussions may persist. Treasury Secretary Becent has called for a reevaluation of the Federal Reserve’s role. The US Dollar Index (DXY), which gauges the […]
Australian Dollar retains losses after RBA Meeting Minutes
The Australian dollar stays steady post-RBA meeting minutes The Australian dollar remains steady after the Reserve Bank of Australia’s (RBA) meeting minutes were released on Tuesday. Most RBA members thought it wise to wait for clear signs of slowing inflation before making any moves. The market is increasingly focused on growing uncertainties regarding tariffs and […]
AUD/USD increases as EU-US tensions impact the US Dollar, RBA Minutes approaching
The RBA is in the spotlight, pushing the AUD/USD slightly higher. EU-US trade tensions are weighing on the USD, as pressure mounts on the Fed. Technical analysis for AUD/USD: Moving beyond the key moving average in a rising wedge. The Australian Dollar (AUD) gained ground against the US Dollar (USD) on Monday, driven by escalating […]