GBPUSD -1.31% GBPUSD lost ground after a six-day winning streak; the USD regained strength with the release of S&P Global Services PMI and ISM Non-Manufacturing PMI, which showed a better performance than the previous month, strengthening the USD. ...

GBP USD Forex Analysis - Baxia Markets

EURUSD +1.70% The euro is gaining ground against the USD, and it is up 3.95% in the last five trading sessions. The pair is getting close to reaching parity, currently at 0.99831. High-impact economic indicators suggest that the US economy is ...

EUR USD Forex Analysis - Baxia Markets

AUDUSD + 1.83% The Aussie strengthens against the USD amid the upcoming Reserve Bank Of Australia Interest Rate Decision. The USD lost ground to most major Forex pairs during the session after high-impact economic indicators suggested that the US ...

AUD USD Forex Analysis - Baxia Markets

NZDUSD -2.15% The New Zealand Dollar lost the gains it made in the two previous trading sessions against the US dollar. The kiwi gained 1.76% when the US 10-year Treasury Note spiked earlier in the week. After the US released high-impact economic ...

NZD USD Forex Analysis - Baxia Markets

USDCHF -1.61% The Swiss franc is gaining ground over the US dollar, but we could see the Swiss Franc lose ground after the fundamental news release from the US. They are releasing Initial Jobless claims in tomorrow's trading session; the previous ...

USD CHF Forex Analysis - Baxia Markets

AUDUSD -0.38% The Aussie continues losing ground to the USD; the pair is on a three-day losing streak, and it reached a level we had not seen since May 2020. AUDUSD is down 6.75% in the last eleven trading sessions; we could see the pair sink lower ...

AUD USD Forex Analysis - Baxia Markets

GBPUSD -1.32% The British pound is on a five-day losing streak and momentarily sank to its lowest level on record against the U.S. dollar at $1.03527; the previous low sat at $1.05200b back in February 1985. The markets reacted to Prime Minister ...

GBP USD Forex Analysis - Baxia Markets

GBPUSD -3.47% The pound sterling had its worst trading day since March 2020. The GBPUSD pair is down more than 7% in the last nine trading sessions and more than 20% in the year, reaching its lowest level in 37 years. The Bank of England released an ...

GBP USD Forex Analysis - Baxia Markets

USDCHF +1.14% The US dollar continues strengthening against the Swiss Franc and is up 2.76% in the last eight trading sessions. The Switzerland National Bank released an Interest Rate Decision earlier in the session, which significantly impacted the ...

USD CHF Forex Analysis - Baxia Markets

EURUSD -1.24% The EURUSD pair reached its lowest level in 22 years after the US Fed hiked the interest rate to 3.25%, a 75 basis point hike that analysts anticipated. The Euro recovered some of the lost ground after Fed Chair Powell's Speech, where ...

EUR USD Forex Analysis - Baxia Markets

USDCAD +0.86% After Canada released the Consumer Price Index, the US dollar resumed the rally against the loonie; initial data came out at 4.8% for August, short of the expert consensus at 5.1%, suggesting that Canadian economic activity is ...

USD CAD Forex Analysis - Baxia Markets

USDJPY +0.23% The US dollar regained some ground against the Yen earlier in the trading session after Japan announced the Inflation Rate for August; the results came out as experts expected at 2.6%, which remains unchanged from the previous figure. ...

USD JPY Forex Analysis - Baxia Markets

EURUSD +0.17% The Euro Area released the inflation rate earlier today, and the result came out as expected at 9.1%, which did not influence the EURUSD exchange rate much. However, the Consumer Price Index came out better than expected at 117.85, ...

EUR USD Forex Analysis - Baxia Markets

USDCAD +0.52% The US dollar is up against the loonie after Oil lost ground to the USD; just six sessions ago, the commodity reached its lowest level since the beginning of the year. Canada relies heavily on the export of commodities; lower Oil ...

USD CAD Forex Analysis - Baxia Markets

USDJPY -0.93% The USDJPY lost some ground after the Bank of Japan conducted a rate check; a rate check often comes as preparation for currency intervention. Market participants are waiting to see if the Ministry of Finance in Japan will take action ...

USD JPY Forex Analysis - Baxia Markets

AUDUSD -2.23% The Aussie took a big loss to the US Dollar after the release of high-impact economic indicators. The US inflation rate came out at 8.3%, a higher than expected figure by 0.2%. Consumer Price Index also came higher than expected at ...

AUD USD Forex Analysis - Baxia Markets

GBPUSD +1.03% The pound sterling continues to rally against the USD; the pair reopened with a positive gap and made some progress during the trading session after the release of high-impact economic indicators from the UK. The UK released Gross ...

GBP USD Forex Analysis - Baxia Markets

AUDUSD +1.42% The USD weakened across all major Forex pairs in the week's last trading session. As market participants digest Fed Chair Powell's hawkish comments (suggesting a bigger interest rate hike at the next FOMC Policy Meeting), many traders ...

AUD USD Forex Analysis - Baxia Markets