GBP/USD stays under 1.3550 as US Dollar gains strength, indicating a technical adjustment
GBP/USD could regain ground as the US dollar might face downward pressure due to economic uncertainty in the United States. Softening US economic indicators have raised the possibility of the Federal Reserve implementing two interest rate cuts in 2025. Trump has provided British exporters with temporary relief from a sudden 50% tariff on steel and […]
US Dollar Index Price Outlook: Stays under 99.00 as negative trend continues
The US dollar might drop to approximately 97.91, which would be its lowest point since March 2022. The RSI is currently below 50, indicating a strong bearish trend. The DXY is likely to encounter significant resistance at the 9-day EMA around 99.21. The US Dollar Index (DXY), which tracks the value of the US dollar […]
EUR/USD stays below 1.1400 as inflation in the Eurozone drops under the ECB’s 2% goal
EUR/USD holds steady as the US dollar weakens amid economic uncertainties in the US. Job openings reported by Jolts reached 7.39 million in April, notably higher than the anticipated 7.1 million. The eurozone’s harmonized consumer price index decreased year-on-year by 1.9% in May, falling short of the ECB’s target of 2%. EUR/USD has seen minimal […]
Dollar stays close to six-week low as trade conflict impacts US economy
Market Update: Dollar Nears Six-Week Low TOKYO/LONDON – The dollar hovered near a six-week low on Tuesday, reflecting the growing economic concerns stemming from the trade war emphasized by President Trump’s administration. Despite a significant recovery in global stock markets following the persistent narrative surrounding Trump’s tariff threats, the dollar struggled to maintain its footing. […]
Australian Dollar stays low after RBA Meeting Minutes and China’s Manufacturing PMI
The Australian dollar saw a decline following the release of the RBA minutes from the May Monetary Policy Conference. China’s Caixin Manufacturing PMI dropped to 48.3 in May compared to 50.4 in April, indicating contraction. Despite worries surrounding the economy, the US dollar recovered some of its previous losses. The Australian Dollar (AUD) faced pressure […]
Caitlin Clark stays reserved about Taylor Swift and Travis Kelce’s intentions
Caitlyn Clark recently touched on the relationship dynamic between Taylor Swift and Travis Kelce as they’ve stepped back from the public eye for a bit. When asked about the couple possibly attending an Indiana Fever basketball game this season, the WNBA star shared her uncertainty. “Oh, I don’t know,” Clark said in an interview with […]
Proposal to Prohibit Pushing Ball Carriers from Packers Does Not Pass, ‘Tush Push’ Stays Permitted
Packers Fail to Ban Controversial Play In 2025, the play that significantly aided the Philadelphia Eagles in their Super Bowl Championship will be accessible. On Wednesday, the Green Bay Packers fell short of the 24 votes required to prohibit the tactic of pushing a ball carrier. They only garnered 22 votes. According to Diana Lassini […]
EUR/USD Price Prediction: Positive outlook stays intact above 1.1300
EUR/USD saw some buying interest around 1.1330 during the early European trading session on Wednesday, noting a 0.42% increase for the day. The optimistic outlook for the pair seems to override the significant 100-day EMA, supported by bullish RSI indicators. The immediate resistance is at 1.1382, while the first support level to monitor is 1.1211. […]
AUD/USD stays above 0.6400 after RBA rate cut, awaiting US Trump tax bill approval
The AUD/USD is expected to remain steady at 0.6420 in early Asia, following a 0.49% drop on Tuesday due to a rate cut by the RBA to 3.85%. The RBA’s decision to lower rates by 25 basis points was based on a more balanced view of inflation risks and growing global uncertainty. The governor indicated […]
Australian Dollar stays low after PBoC’s interest rate choice, attention on RBA
The Australian Dollar has seen losses following a reduction in its one-year loan prime rate from 3.10% to 3.00%. The Reserve Bank of Australia is anticipated to lower interest rates by 25 basis points soon. The US dollar has weakened after a credit rating downgrade by Moody’s from AAA to AA1. The Australian Dollar (AUD) […]