The GBPUSD pair rose slightly during its recent intraday trading, reaching EMA50’s resistance. This move came after a rebound from the key support level at 1.3480, which provided positive momentum and helped the pair achieve these cautious gains. However, the pair remains affected by a break of a short-term ascending trend line, alongside continued negative signals from the relative strength indicators, keeping the chances of a decline in place.

The dollar index held above 98.3 on Wednesday after gaining in the previous session, as plans for a second round of US-Iran peace talks fell apart, boosting safe-haven demand for the currency.Reports indicated Vice President JD Vance canceled a scheduled trip to Islamabad for negotiations after Teh…

USD/JPY rose 0.37% on Tuesday, settling close to 159.40 after pushing as high as 159.65 during the US session.

The US dollar initially tried to gain on the Loonie, but failed to hang onto gains, as the world continue to move on the latest headlines coming out of the…..

The dollar index ICEUS:DXY today is up by +0.09%. The dollar is climbing today on a stronger-than-expected US Mar retail sales and Mar pending home sales reports. The dollar also has support on signs that Fed Chair nominee Kevin Warsh will support an independent Fed and prioritize low inflation. Po…

The NZD/USD receded during the American session, recovering toward the 0.5880 area as the US Dollar (USD) lost some traction despite ongoing geopolitical risks and political pressure on the Federal Reserve.

NZD/USD trades around 0.5900 on Tuesday at the time of writing, up 0.20% on the day, extending its rebound from the lows near 0.5850 recorded on Monday.

The Australian Dollar retreats during the North American session, down more than 0.30%. High tensions in the Middle East, spurred by Iran’s decision not to attend talks with the US in Pakistan. At the time of writing, the AUD/USD trades at 0.7153 after hitting a daily high of 0.7185.

As the deadline for the expiry of the Iran / USA ceasefire approaches within the next day.

USD/CAD stabilizes near 1.3650 after six declines, posting a modest 0.1% gain and showing a short-term indecision bias.