Forex Today: US Dollar stabilizes before important US CPI data while markets watch Iran tensions
Here’s what you need to know on Tuesday, May 12th. The US dollar index (DXY) is stable around 97.95, as investors exercise caution due to ongoing geopolitical tensions in the Middle East and despite some improvements in market sentiment. This reaction came after President Trump dismissed Iran’s latest peace initiative as “totally unacceptable.” Now, traders […]
Forex Update: DXY drops as Middle East tensions ease, markets focus on US NFP
Here’s what you need to know on Thursday, May 7th. The U.S. dollar index (DXY) is currently hovering around 98.00. While losses are somewhat restrained by strong U.S. economic data, the potential downside is mitigated by a more positive risk environment; Axios reported that a U.S.-Iran agreement to resolve ongoing tensions is near. This easing […]
Forex Update: RBA raises interest rate, tensions in the Strait of Hormuz stay elevated
Here’s what’s happening on Tuesday, May 5th. Financial markets are on edge as concerns grow regarding the ceasefire between the U.S. and Iran. Later, the U.S. will release the Institute for Supply Management’s (ISM) April Services Purchasing Managers Index (PMI) and March JOLTS jobs data. USD price this week The table below outlines the percentage […]
Forex Today: US Dollar stays strong amid Middle East tensions before RBA and US data
Here’s what you need to know on Tuesday, May 5th. The dollar index (DXY) is holding steady around 98.40. This strength seems to stem from safe-haven demand, particularly as tensions escalate in the Middle East. There are reports claiming Iran attacked a US warship, even though the US has denied these accusations. Such events are […]
Forex Today: Markets remain cautious amid rising tensions in the Strait of Hormuz
Market Update: Monday, May 4th This Monday, financial markets are approaching the week with a bit of caution. Investors are trying to make sense of the latest happenings in the Strait of Hormuz. Among the things to watch for, the European Economic Calendar has the Sentix Investor Confidence data for May. Later in the day, […]
GBP/USD Forex Indicator for April 30
Created on April 30, 2026 Bullish Sentiment Bearish Sentiment The GBP/USD exchange rate felt the impact of increasing geopolitical tensions following the Fed’s interest rate announcement. Currently, it’s at 1.3480, slightly below this month’s peak of 1.3595, as focus shifts to upcoming interest rate choices from the Bank of England (BoE). Awaiting the Bank of […]
Forex Today: No indications of a US-Iran agreement, upcoming Fed rate decision
Here’s what’s happening on Wednesday, April 29th. Major currency pairs are showing usual mid-week volatility as traders prepare for significant central bank announcements. Today’s European Economic Calendar features Germany’s consumer price index (CPI) data for April, along with insights on economic conditions and consumer sentiment within the euro area. Additionally, the Bank of Canada (BoC) […]
GBP/USD Forex Update 27/04
Created on April 27, 2026 Bullish View Bearish View The pound to US dollar exchange rate saw a rebound on Friday following news that Iran’s foreign minister is likely visiting Pakistan, which raises the possibility of discussions with the United States. On Monday, the trading price was noted at 1.3530 as investors keep an eye […]
Forex Today: US Dollar rises slightly as traders prepare for US PMI reports
Here’s a quick roundup for Thursday, April 23rd. The US dollar (USD) is holding steady at around 98.65 as European trading approaches, largely due to ongoing geopolitical tensions between the US and Iran. In the latter part of Thursday, all eyes will be on the S&P Global US Purchasing Managers’ Index (PMI). There’s some expectation […]
EUR/USD Forex Alert 20/04
Created on April 20, 2026 Bearish Perspective Bullish Perspective The EUR/USD pair has dipped below the significant 1.1800 mark, largely due to escalating tensions between the US and Iran. A drop to 1.1765 would signify a notable decline from this month’s peak of 1.1850. US-Iran Tensions Rise The decline in the EUR/USD pair is closely […]