ING’s Francesco Pesole keeps a constructive stance on EUR/USD after recent US data, based on a view that the Federal Reserve is unlikely to deliver further tightening. He targets 1.160 in coming weeks, 1.17 in autumn and 1.18 by year‑end, while … [Continue reading]
UK GDP expected to post subdued growth in Q2
The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the second-quarter Gross Domestic Product (GDP) on Thursday. Market analysts anticipate a 0.4% growth in the three months to June, after a modest 0.6% … [Continue reading]
Iran says no progress on interim peace deal with US — Reuters
The United States (US) and Iran remain at loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday. A senior Iranian source said that there had been no progress in talks to revive the interim … [Continue reading]
USD/CHF Price Forecast: Bearish flag forms as bulls eye 0.8200
The USD/CHF edges higher by some 0.30% on Wednesday, refreshing ten-day highs of 0.8138, as the uptrend is poised to extend if it clears key resistance levels.USD/CHF Price Forecast: Technical outlookThe market structure of successive higher highs … [Continue reading]
XRP bears eye break of fragile $1.00 support
Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to … [Continue reading]
Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data
Cryptocurrency prices are largely consolidating, with Bitcoin (BTC) hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum (ETH) shows signs of recovery but remains below the $1,900 hurdle, while Ripple (XRP) hovers … [Continue reading]
Euro trims losses against the British Pound following hot German inflation data
The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East. The EUR/GBP pair ticked up to … [Continue reading]
British Pound loses as rising US Dollar, geopolitical tensions weigh on sentiment
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday. The currency pair continues to hold its losses as the US Dollar (USD) gains strength ahead of a crucial inflation report. … [Continue reading]
Mexican Peso hits 25-month high as US CPI lurks
The Mexican Peso (MXN) is poised to end Tuesday’s session with solid gains of 0.32% against the US Dollar (USD) as money markets await the release of the US July inflation figures, while USD/MXN trades at 17.08, a level last seen in June 2024.USD/MXN … [Continue reading]
Australian Dollar Price Forecast: Looking to extend the recovery
The Aussie Dollar's recovery appears to have met some resistance in the 0.7070-0.7080 band against the US Dollar so far. Indeed, AUD/USD still shows signs of struggling to surpass 0.7000 in a sustainable fashion, while the constructive outlook still … [Continue reading]