EUR/USD: How Italian election has impacted the pair?

AAATrade Team AAATrade

EUR/USD

Looking at EURUSD’s chart, we can see that is it in a downward trend and after yesterday’s victory of Meloni in Italy, the FX pair opened sharply lower hitting a new all-time low. Currently, it is traded at around 0.9638, up from its lowest level of around 0.9550 but today we could not expect it to rise above the level of 0.9750.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro clings to the bid bias above 1.1500

EUR/USD has picked up pace, reversing Monday’s decline and advancing past the 1.1500 barrier on Tuesday. In the meantime, hopes for a diplomatic solution to the Middle East crisis keep the US Dollar under modest downside pressure, helping spot in its recovery.

Bitcoin on-chain activity surges as Coldcard attack raises security concerns

Bitcoin on-chain activity has surged to its highest level of the year following attacks targeting Coldcard hardware wallets, according to a K33 report on Tuesday. The firm stated that 890,000 BTC were moved on-chain over the past week, marking a new yearly high.

RBI set to keep interest rates unchanged as inflation risks persist

The Reserve Bank of India is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing Middle East conflict.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.