Crispus Nyaga is a financial analyst, coach, and trader with more than 8 years in the industry. He has worked for leading companies like ATFX, easyMarkets, and OctaFx. Further, he has published widely in platforms like SeekingAlpha, Investing Cube, Capital.com, and Invezz. In his free time, he likes watching golf and spending time with his wife and child.
The GBP/USD pair wavered after the Federal Reserve delivered its interest rate decision and as geopolitical tensions rose. It was trading at 1.3480, a few points below this month's high of 1.3595, as focus shifted to the upcoming Bank of England (BoE) interest rate decision.
The EUR/USD exchange rate retreated after the Federal Reserve delivered its interest rate decision on Wednesday. It also dropped as energy prices surged amid the ongoing rhetoric between the US and Iran. It was trading at 1.1677, a few points below this month’s high of 1.1855.
The AUD/USD exchange rate dropped as traders reacted to the latest Australian inflation report, Federal Reserve interest rate decision, and the soaring crude oil prices. It was trading at 0.7123, down from the year-to-date high of 0.7195.
The GBP/USD pair was relatively unchanged on Wednesday as focus shifted to the rising US and UK government bond yields amid soaring inflation. It was trading at 1.3550, lower than last week’s high of 1.3656.
The BTC/USD pair continued its recent rally, reaching its highest point since January 31st as the bull run gained steam. Bitcoin jumped to $81,245, up substantially from the year-to-date low of $60,000.
The AUD/USD exchange rate moved sideways even as the divergence between the Federal Reserve and the Reserve Bank of Australia (RBA) continued.
The GBP/USD pair has pulled back this week as investors remained concerned about the rising geopolitical tensions between the US and Iran. It dropped to the important support level at 1.3500 from this month’s high of 1.3656.
The EUR/USD exchange rate retreated slightly as geopolitical risks rose, pushing crude oil prices higher. It dropped to 1.1690 on Tuesday, down slightly from last week's high of 1.1850 as focus shifts to the upcoming Christine Lagarde speech and US macro data.
Bitcoin price held steady above the important resistance level at $80,000 as the recent momentum continued. The BTC/USD pair was trading at 80,500 on Tuesday, its highest point since January 31st. It has risen substantially from the lowest level this year.
The GBP/USD exchange rate continued rising, reaching its highest level since February 11 this year. It rose to 1.3652, up sharply from the year-to-date low of 1.3162. This rally happened as a divergence between the Federal Reserve and the Bank of England emerged.
The EUR/USD pair has pulled back in the past few days, moving from last month's high of 1.1855 to the current 1.1720. This retreat happened after the recent Federal Reserve and the European Central Bank (ECB) interest rate decisions.
The AUD/USD exchange rate continued its strong upward trend, reaching its highest point since May 2022. It has risen in the past five consecutive weeks, helped by the ongoing divergence between the Federal Reserve and the Reserve Bank of Australia (RBA).
