The EUR/GBP cross advanced during the early European session on Tuesday, gaining traction near 0.8665 as the British Pound weakened amid growing political uncertainty in the United Kingdom. Investors are also awaiting the release of the ZEW economic sentiment surveys from Germany and the Eurozone later in the day, which could provide fresh direction for
The United States and Japan have reaffirmed close coordination in tackling excessive volatility in currency markets, according to comments from US Treasury Secretary Scott Bessent following meetings in Tokyo. Bessent confirmed through a post on X, formerly known as Twitter, that the two countries continue to maintain “constant and robust” communication regarding foreign exchange market
Sterling weakened against both the dollar and the euro on Tuesday as investors closely monitored political developments in the UK amid mounting concerns over Prime Minister Keir Starmer’s future in office. Starmer was consulting colleagues on Tuesday about whether he could remain as prime minister ahead of a crucial cabinet meeting. The discussions followed the
The US dollar strengthened early Tuesday as investor sentiment weakened amid rising concerns over the fragile ceasefire between the United States and Iran. Markets are also closely watching the upcoming US Consumer Price Index data for April, which could influence expectations around Federal Reserve policy. The souring risk mood pushed investors toward safe-haven assets, helping
Euro-yen has recovered slightly from 30 April’s large drop in recent days amid ongoing moderate optimism of a resolution in the Gulf and comments from senior Japanese officials about being ready to intervene if necessary. The price remains very close to the record high of ¥188. News of indirect negotiations between the USA and Iran
The pound struggled to extend gains against the dollar on Monday, with GBP/USD failing to build on a modest intraday bounce as fresh US dollar buying capped its recovery. Optimism over a potential US-Iran nuclear deal faded quickly after renewed hostilities in the Strait of Hormuz and widening disagreements over Tehran’s nuclear programme. That, combined
The USD/ZAR exchange rate will be in the spotlight this week as investors react to a recent court ruling that raised impeachment risks for President Cyril Ramaphosa. It was trading at 16.43, down from the April high of 16.91 and the year-to-date high of 17.2470. Cyril Ramaphosa’s impeachment risks rise The South African rand has
Solana cryptocurrency be expected to rise to the next resistance level 96.80 (former strong resistance from March). Solana broke resistance area Likely to rise to resistance level 96.80 Solana cryptocurrency recently broke the resistance area between the round resistance level 90.00 (former monthly high from the middle of April, as can be seen from the
Why Is the Treasury Re-engaging Binance? The U.S. Department of the Treasury has privately required Binance to adhere to a monitoring program tied to its 2023 guilty plea, following reports that roughly $1 billion flowed through the exchange to Iran-linked entities in 2024 and 2025. The request, delivered in recent weeks, reinforces obligations Binance accepted
USDJPY currency pair be expected to rise to the next resistance level 157.75 (former strong support from March and April). USDJPY reversed from support area Likely to rise to resistance level 157.75 USDJPY currency pair recently reversed up from the support area between the strong support level 155.65 (which has been reversing the price from