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New Zealand Dollar remains steady against USD as buyers overlook positive Retail Sales.

NZD/USD Price Outlook: Difficulty in maintaining position above 61.8% Fibonacci retracement near 0.5940

The NZD/USD currency pair has been fairly stable during the Asian trading session on Friday, showing little response to New Zealand’s release of encouraging retail sales figures. Currently, it’s hovering around 0.5870, which represents a slight weekly gain but hasn’t changed much throughout the day. According to Statistics New Zealand, retail sales—a key indicator of […]

Euro remains steady above 1.1600 due to strong Fed position and uncertainty over Iran deal

Euro remains steady above 1.1600 due to strong Fed position and uncertainty over Iran deal

EUR/USD Trends Amid U.S.-Iran Negotiations The EUR/USD pair held steady around 1.1625 during early Asian trading on Thursday. However, the potential for major currency pairs to gain could face challenges due to the ongoing uncertainty regarding U.S.-Iran negotiations, which may drive investors toward safe-haven assets. Later today, preliminary Purchasing Managers’ Index (PMI) figures for May […]

Swiss Franc stays steady around a multi-week low due to Fed rate adjustments

Swiss Franc stays steady around a multi-week low due to Fed rate adjustments

USD/CHF Stability Amid US-Iran Tensions During early trading on Monday in Europe, the USD/CHF pair held steady around 0.7870. This level marks the highest point since April 30, buoyed by the robust performance of the US dollar. Traders are keeping a keen eye on the escalating tensions between the US and Iran. The dollar received […]

GBP/USD Steady Range Indicates Potential Reversal Chances

GBP/USD Steady Range Indicates Potential Reversal Chances

The GBP/USD currency pair remains in a range, currently exhibiting a sideways and directionless movement. Observing the price charts, it’s challenging to determine any clear trends. Prices seem stable—or perhaps just fluctuating without a discernible pattern. Typically, this pair experiences swift price changes, making trading during such erratic behavior quite risky. If the range is […]

US Dollar Index remains steady above 98.00 due to Hormuz tensions

US Dollar Index remains steady above 98.00 due to Hormuz tensions

The US Dollar Index (DXY), which gauges the US dollar’s value against a mix of six global currencies, is hovering around 98.20 during early Asian trading on Monday. It seems to have stabilized while traders evaluate the ongoing geopolitical tensions in the Middle East. President Donald Trump announced plans to start guiding certain neutral ships […]