EUR/JPY stays steady around 176.50 as demand for safe-havens decreases
EUR/JPY Currency Update The EUR/JPY has bounced back from its previous losses and is now trading close to 176.50 during Asian trading hours on Monday. This rise comes as the Japanese yen faces challenges, partly due to a drop in safe-haven asset demand linked to reducing tensions in US-China trade relations. Recently, former President Trump […]
EUR/USD stays steady above 1.1600 as US-China trade issues and government shutdown persist
EUR/USD has stabilized after an almost 0.5% increase in the previous session, currently trading near 1.1620 during the Asian hours on Monday. However, the US dollar might strengthen further as trade tensions between the US and China continue to escalate. The dollar could keep facing challenges due to the ongoing US government shutdown. President Trump […]
Government shutdown continues into the second week as Congress stays at an impasse
Government Stalemate Continues as Shutdown Persists It’s an eerie reminder of the October situation two years ago. Back then, the House removed former Speaker Kevin McCarthy, and Congress floundered without leadership for three weeks. This October, things aren’t much better; Congress is, once again, unable to secure enough votes to reopen the government. “We have […]
Government shutdown reaches Day 8 while Senate stays at an impasse
Senate Democrats Block Republican Efforts Amid Government Closure Senate Democrats, on Wednesday, prevented Republicans from reopening the government for the sixth time, facing increasing pressure and threats from the White House. It’s been like “Groundhog Day” in the Senate for eight days now. Unlike the 1993 film starring Bill Murray, there’s been little to no […]
GBP/JPY hits temporary support around 198.00, outlook stays negative
The GBP/JPY pair’s decline seems to be slowing down after three days of losses, hovering around the 198.00 mark during Thursday’s Asian trading session. Still, the outlook remains negative, especially with the recent US government shutdown that has enhanced the appeal of the Japanese yen as a safe haven. This situation unfolded late Tuesday when […]
Silver Price Outlook: XAG/USD stays above $47.00 due to rising demand for safe investments.
Silver prices reached a new peak of $47.57 on Wednesday. Non-2 silver has been bought as recent US employment figures boost hopes for additional Fed rate cuts. US federal funds expired at 4:00 GMT on Wednesday, prompting government shutdowns. Silver Price (XAG/USD) is currently up by more than 1%, trading around $47.15 per troy ounce. […]
GBP/USD stays near 1.3450 as UK Q2 GDP data approaches
GBP/USD is expected to remain relatively stable before the UK GDP announcement on Tuesday. With the potential for a government shutdown looming, traders are being cautious. President Trump has indicated that a failure to secure funding from Congress could lead to significant job cuts across federal agencies. GBP/USD is unlikely to see much movement following […]
Euro stays strong as Germany prepares for inflation report.
On Monday, the Euro (EUR) gained against the US dollar (USD), with the Euro/USD pair climbing 0.3% to about 1.1740. Investors are now looking ahead to the Preliminary German inflation numbers set to be released on Tuesday at 12:00 GMT for September. Traders are being a bit cautious, as they understand that the inflation data […]
The government always stays open: Understanding what occurs during budget conflicts
Understanding Government Operations Amid Shutdown Threats As the deadline of September 30 approaches, Congress is warning of yet another potential “government shutdown.” However, there’s a common misconception that needs addressing: the government has never truly shut down. What the public perceives as shutdowns usually impacts only the most visible services. In reality, the government machinery […]
USD/CAD stays under 1.3950 after retreating from four-month peaks
The USD/CAD pair pulled back after reaching a four-month peak at 1.3958 on Friday. The US dollar might face difficulties as the inflation report for August suggests potential interest rate reductions in October. The Canadian dollar may experience pressure due to modest oil prices, which are affecting the resumption of oil exports from Kurdistan. On […]