Currency

GBP/USD briefly tested a four-week high on Monday, breaking above 1.2840, before broad market flows pushed GBP/USD back to the week’s opening level above 1.2800. The week’s light UK data…

The Indian rupee traded in negative territory. A stronger dollar and concerns about oil supply disruptions in the US triggered a fall in the rupee. Investors will closely watch the…

EUR/USD continued its sixth straight day of gains, trading around 1.0830 in Asian trading on Tuesday. The euro continued to rise as investors digested the initial shock of the French…

USD/CHF strengthened for the second day in early European trading on Tuesday, trading around 0.8980. Meanwhile, the US dollar index consolidated around the 105.00 level ahead of Federal Reserve (FED)…

GBP/USD fluctuated above 1.2800 in early London trading on Tuesday. Investors are awaiting the semi-annual congressional testimony of Federal Reserve (FED) Chairman Jerome Powell, which is scheduled for 14:00 GMT…

EUR/GBP struggled to extend gains above short-term resistance at 0.8450 in early European trading on Tuesday. The unexpected upper hand of Jean-Luc Melenchon’s Left, also known as the “New Popular…

EUR/USD held steady above 1.0800, stuck in a limited trading range, as investors avoided taking big positions ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress. Comments from Fed…

GBP/USD was weak in early Asian trading on Monday, trading around 1.2805, interrupting a seven-day winning streak. The rebound in the US dollar pushed GBP/USD lower. However, GBP/USD’s downside may…

The Australian dollar fluctuated lower as the market maintained risk aversion on Monday. The recovery of demand for the US dollar put pressure on the Australian dollar/US dollar. The Australian…

The 4-hour chart shows that EUR/USD has broken above the 1.0780 resistance area. The price closed above the 100 SMA (red, 4-hour) and the 200 SMA (green, 4-hour). EUR/USD even…