Major currency pairs turn quiet early Thursday as investors move to the sidelines ahead of key macroeconomic data releases. Later in the European session, Germany's Destatis will publish preliminary Consumer Price Index (CPI) data for August and the US Bu

The Dollar Index has been coming off sharply and a break below 101 can drag it towards 100.5-99.5 in the medium term. Euro has surged past 1.11 and can test 1.1150/75-1.12 before possibly topping out.

EUR/USD maintains positive stance on the 4-hour chart, with a bullish RSI indicator. The first resistance level is seen in the 1.0900-1.0905 zone; the initial support level is located near 1.0860.

The US Dollar Index (DXY) fell sharply on Friday after the release of disappointing US Nonfarm Payrolls (NFP) data. The NFP report showed that the US economy added only 175,000 jobs in April, well below the expected 243,000. The unemployment rate also ros

Policy divergence and geopolitics continue to drive sentiment in the forex market. The US dollar index (DXY) held steady in low 106.00s, while EUR/USD retreated and GBP/USD revisited the sub-1.2300 area. USD/JPY advanced to a new 34-year high around 154.8

The EUR/USD currency pair has fallen to a five-month low near 1.0600 amid expectations that the Federal Reserve will pivot to rate cuts later than the European Central Bank, extending their policy divergence.

Analysts at Rabobank predict EUR/GBP could break below 0.85 this year due to slower BoE rate cuts and a potentially uneventful UK election. They see GBP/USD dipping but EUR/GBP less impacted, expecting it to reach 0.84 in H2 2024.

The AUD/USD pair has retreated to the 0.6525 area, posting a fresh daily low as traders await the release of Chinese trade data. Reduced Fed rate cut bets and geopolitical tensions continue to underpin the US dollar, exerting downside pressure on the Auss

The EUR/JPY pair is trading with minimal losses, reflecting a balance between bullish and bearish sentiments. While short-term indicators suggest a potential downward shift, the broader bullish momentum remains intact on the daily chart. Buyers must defen

EUR/USD has been consolidating around 1.0830 ahead of the release of key US inflation data. Gains are expected

EUR/USD has been consolidating around 1.0830 ahead of the release of key US inflation data. Gains are expected

EUR/USD has been consolidating around 1.0830 ahead of the release of key US inflation data. Gains are expected

EUR/USD is marginally more likely to drift higher than to fall much, as gradual synchronised easing reduces

EUR/USD is marginally more likely to drift higher than to fall much, as gradual synchronised easing reduces

The Pound Sterling has depreciated against the US Dollar following mixed economic data from the UK and US. US inflation remains elevated

The Pound Sterling has depreciated against the US Dollar following mixed economic data from the UK and US. US inflation remains elevated

The GBP/USD pair remains on the defensive above the 1.2800 support during the early Asian trading hours on Tuesday. The lower bets on rate cut expectations from the Bank of England (BoE) weigh on the Pound Sterling (GBP). Investors await the UK labour mar

The Japanese economy grew 0.1% in the fourth quarter of 2024, below expectations of 0.3% growth. The annualized GDP expanded by 0.4%

The Japanese economy grew 0.1% in the fourth quarter of 2024, below expectations of 0.3% growth. The annualized GDP expanded by 0.4%

The US Dollar Index (DXY) fell to the 103.1 level on Thursday after the release of disappointing labor market data. Initial Jobless Claims

The US Dollar Index (DXY) fell to the 103.1 level on Thursday after the release of disappointing labor market data. Initial Jobless Claims

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged

Market participants eagerly await Powell’s speech before Congress which might contain clues on the outlook for Fed policy.

The Japanese Yen (JPY) rises for the third consecutive day, reaching a four-week high against the US Dollar (USD) on Thursday.