The USD/CHF pair traded in the positive territory near 0.9065 during the early European session. The US dollar (USD) moved higher as traders assessed the impact of US President Donald Trump's tariff plans earlier in the week. On Wednesday, the US Federal Reserve's (Fed) interest rate decision will be in focus. US President Donald Trump on Sunday imposed broad retaliatory measures against Colombia, including tariffs and sanctions, after the South American country refused to allow two military planes carrying deported migrants to land. However, the White House said on Monday that Colombia has...
The GBP/USD pair remains under selling pressure near 1.2450 during the early European session on Monday (1/27). Renewed US Dollar (USD) demand amid safe-haven flows dragged the major lower. According to the 4-hour chart, the bullish outlook for GBP/USD is in place as the major is above the key 100-period Exponential Moving Average (EMA). The upside momentum is reinforced by the Relative Strength Index (RSI), which is above the midline around 64.70, suggesting that further upside appears favorable. On the upside, immediate resistance is seen in the 1.2500-1.2510 region, which represents the...
EUR/USD corrected near 1.0450 in the European session on Monday (1/27) after hitting a six-week high near 1.0520 on Friday. The major currency pair faced pressure as the US Dollar (USD) started the week on a positive note amid risk-averse market sentiment. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, attempted to recover from last week's losses and surged near 107.75. The US Dollar's safe-haven appeal has been boosted as US President Donald Trump's tariff concerns have returned. Trump imposed a 25% tariff on South American trading partner...