Euro dropped about -0.34% last day as the macro economic releases came out to be in the favor of the USD bulls regardless of the worst than expected CPI releases. The EUR/USD surges above the descending channel last week reaching 1.13480 but failed to break above the strong support turned…

Investing.com - The U.S. dollar was trading near two-month lows against a currency basket on Wednesday, as expectations that the Federal Reserve could cut interest rates in the coming months in response to fallout from global trade tensions pressured the currency. The dollar index versus a basket of six major…

Here are the top five things you need to know in financial markets on Tuesday, June 11: 1. China provides stimulus amid promises of ‘firm resolve’ vs. U.S. Beijing signaled fresh fiscal stimulus for its slowing economy, announcing it would allow local governments to use proceeds from special bonds as…

GBPUSD pair on Monday broke below important support and comprising of 100-hour SMA and a one-week-old ascending trend-line. A follow-through weakness below mid-1.2600s will reinforce the bearish outlook and moving the slide further towards challenging the 1.2600 handles before the pair eventually drops to test multi-month lows, around the 1.2560…

The U.S. dollar moved higher against a currency basket on Monday amid indications that global trade tensions are easing but gains were held in check by expectations for lower U.S. interest rates. Against a basket of six peers, the U.S. dollar index rose 0.3% to 96.871 by 04:17 AM ET…

Cable started off the week with a worst than expected macro release . Last week with the release of Non Farm Payrolls, GBPUSD surges with a fresh high above 1.26923(May High) but failed for a sustained break through. The pair slipped above 1.27000 barrier at the Asian session before UK…

The European Central Bank again pushed back the date when it will start to consider raising interest rates, effectively acknowledging that the global slowdown largely started by the U.S.-China trade dispute is undermining the Eurozone economy too. However, the bank chose not to reintroduce the possibility of another interest rate…

The U.S. dollar slid lower against the yen on Thursday as safe haven demand continued to be underpinned amid trade tensions, as investors looked ahead to the European Central Bank’s latest policy decision later in the day. The dollar was down 0.2% against the yen at 108.21, handing back a…

The U.S. dollar was hovering near seven-week lows against a currency basket on Wednesday amid growing expectations for a Federal Reserve rate cut in the face of increasing headwinds to the economy caused by trade conflicts. Fed Chairman Jerome Powell on Tuesday pledged that the central bank will “act as…

GBPJPY is been stalling since last week at the 136.500 region but failed to break further to reach January'19 low. Since early session today, GBPJPY has gained some strength which is +0.16 % for the day. Meanwhile, Prime Minister Theresa May, in one of her last acts as Conservative leader…