EUR/USD soars to almost a 3-year peak as US PPI declines, tariff concerns weaken USD
US PPI and CPI disappoint, reinforcing the disinflation narrative and affecting the dollar negatively. Trump’s unresolved tariff threats add to the US dollar’s struggles and diminish demand for high-yield currencies. ECB’s Schnabel suggests an end to the tightening cycle, pushing the euro to a three-year high despite weak data. The EUR/USD has gained for a […]
PayPal plans to introduce a USD stablecoin on Stellar.
PayPal Plans New Stablecoin on Stellar Network PayPal has announced its intention to seek regulatory approval from the New York State Department of Financial Services for the launch of PYUSD, a USD stablecoin designed to operate on the Stellar Network. The goal of this initiative is to make use of the network’s characteristics like fast […]
EUR/USD rises to 1.1530, the highest level since April 22, due to ongoing USD selling.
EUR/USD is likely to attract additional buyers on Thursday. Weaker US CPI boosts expectations for a rate cut from the Fed while trade concerns linger. Overall conditions appear favorable for bullish traders as attention turns to US PPI reports. The EUR/USD pair is continuing its upward trend and could reach the 1.1530 level, marking its […]
GBP/USD stays above 1.3500 as USD weakens after CPI
GBP/USD is trading slightly above 1.3500 today. The US dollar seems to be struggling compared to its competitors after the latest inflation figures. Both the CPI and Core CPI showed more modest increases than anticipated in May. After experiencing a drop on Tuesday, GBP/USD is rebounding, surpassing 1.3500 during Wednesday’s US trading session. Currently, there’s […]
Japanese Yen stays close to two-week low compared to a slightly stronger USD
The Japanese yen faces challenges as trade optimism impacts safe-haven appeal Japanese yen struggles as enthusiasm in trade undermines its safe-haven status. Modest rise in USD provides support for USD/JPY, but potential upside seems limited. Policy expectations from Bank of Japan (BOJ) may create obstacles for the currency pair. The Japanese yen (JPY) continues to […]
USD/JPY Price Prediction: Surpasses 145.00 as trade optimism boosts USD
USD/JPY is expected to surpass Monday’s peak and settle around 145.20, driven by positive market sentiment. RSI momentum is favorable for buyers, with key resistance at 145.38 and 146.00. The downside is likely limited around 144.26, supported by the 144.00 area and the 200-day SMA. The USD/JPY pair began the week by reaching a high […]
EUR/USD falls below 1.1400 level as the USD shows significant strength, with limited downside potential.
On Tuesday, the EUR/USD is expected to encounter fresh selling pressure due to increased demand for the US dollar. Concerns regarding US financial stability and potential Federal Reserve rate cuts could cap the US dollar’s gains, thereby bolstering major currencies. The European Central Bank’s somewhat hawkish stance might lend support to the euro, attracting bullish […]
Asia-Pacific Forex news summary: A session of USD strength
Forex trading carries a significant level of risk and might not be suitable for everyone. The use of leverage can amplify both risks and potential losses. It’s important to reflect on your investment objectives, experience, and tolerance for risk before engaging in Forex trading. Be aware that you might lose your initial investment, so only […]
Yen gains from its safe-haven status as USD faces increasing pressure
USD/JPY has reversed recent gains, dipping below 143.00. Latest US economic data hints at a potential slowdown in the labor market. The Japanese yen remains strong, even with increased tariffs on steel and aluminum, benefiting from its status as a safe haven currency. The Japanese Yen (JPY) gained against the US Dollar (USD) on Wednesday, […]
Japanese Yen continues to struggle against a generally strengthening USD; shows no signs of strong downward pressure
The Japanese yen faces some selling pressure due to a mix of negative influences. The Bank of Japan (BOJ) has indicated a slower tapering than anticipated by 2026, while positive market sentiments are weighing on the JPY. Expectations regarding BOJ’s varied policies seem to limit the upside potential for USD/JPY. The Japanese yen (JPY) is […]