UOB analysts note EUR/USD has surged past prior resistance, targeting 1.1490 with bullish momentum building above key support. EUR/USD has broken above prior resistance, climbing to 1.1482 in rapid intraday gains. The pair is now positioned to test 1.1490, though significa
UK May GDP data meets expectations, while industrial production contracts more than anticipated, limiting sterling movement. The British Pound showed little reaction after the UK economy grew 0.1% in May, matching consensus forecasts. The expansion followed a 0.1% contract
Analysts see EUR/USD building upward momentum with support at 1.1405 and resistance near 1.1520 in the coming weeks. EUR/USD climbed above prior resistance, reaching 1.1482, as momentum builds for a potential test of 1.1490. Analysts note the pair remains below significant
Weaker US inflation data fuels Fed rate cut bets, pressuring the Dollar against the Yen near 162.00. The US Dollar edged lower against the Japanese Yen, trading near 162.00 in early European trading on Thursday. A triangle pattern has formed, reflecting indecisive price ac
UK GDP grew 0.1% in May, aligning with expectations, while industrial production fell 0.5%, missing estimates. The Euro remains steady against the British Pound, trading near 0.8475 in early European trading. UK economic data showed a 0.1% month-over-month GDP expansion in
The Indian Rupee weakens for a third consecutive session as rising crude oil prices stoke inflation concerns and dollar demand. The Indian Rupee (INR) declined against the US Dollar (USD) for the third straight trading day, trading near 96.32. Elevated crude oil prices hav
Traders fully price in a Bank of England rate hike by November amid inflation concerns and shifting market expectations. The GBP/USD pair remains above 1.3500, trading at 1.3535 with mild losses in early European trading. Caution ahead of UK GDP and US retail sales data te
The Dollar Index recovers after initial decline on softer US PPI data, pressuring EUR/USD toward 1.1400. EUR/USD is poised to retest 1.1400 as the Dollar Index stabilizes above 100.30 following a brief dip triggered by weaker-than-expected US producer price index data. The
June producer prices fell sharply due to a 12% decline in gasoline costs, easing inflation fears but masking persistent core price pressures. US producer prices for June came in softer than expected, with the headline reading pulled lower by a 12% drop in gasoline prices.
The euro remains steady near its highest level since June as traders weigh mixed signals from the Federal Reserve and geopolitical risks. The EUR/USD pair stabilized above 1.1450 during Thursday’s Asian trading session, extending gains from the past two days. The euro reac
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