The GBP/USD exchange rate pulled back on Thursday as traders reacted to the ongoing US-Iran crisis and the latest UK consumer inflation report. It dropped to a low of 1.3500, down from this month’s high of 1.3570. The GBP/USD pair remained under pressure this week as the US-Iran war continued. In a …

The New Zealand Dollar (NZD) posts moderate losses against a stronger US Dollar (USD) on Thursday as the escalating tensions between the US and Iran curb risk appetite.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is holding relatively firm against a stronger US Dollar (USD), helped by resilient risk sentiment and record S&P 500 levels.

USD/CAD trades around 1.3670 on Thursday, virtually unchanged on the day, as investors adopt a cautious stance ahead of the release of S&P Global PMI data in the United States (US).

The EURUSD pair kept declining trading in its recent intraday trading, affected by the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, to break short-term main bullish trend line, to confirm its bearish momentum in the upcoming period.

The USD/JPY pair extends its two-day upside to near 159.75 during the European trading session on Thursday. The pair reflects strength as the US Dollar (USD) outperforms its peers due to rising oil prices amid the prolonged closure of the Strait of Hormuz.

Uncertainty persists as to whether and how the Iran / USA conflict might be resolved, which is leading this currency pair.

The Euro (EUR) posts marginal losses against the US Dollar (USD) on Wednesday, trading at 1.1700 at the time of writing, following mixed Eurozone business activity data for April.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that higher crude Oil prices and rising global bond yields are supporting the US Dollar (USD), with USD firmer against major currencies.

The Overbalance analysis aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The analysis uses only the Overbalance methodolo…