Finance: News, Insights, Predictions

Analysts from KYT Group, a multiservice fintech company, provided a forecast indicating that external factors will influence foreign exchange rates in Ukraine next week. They elaborated on these factors in a commentary to Ukrinform.

The USD/RUB exchange rate has risen above 85.00 due to escalating geopolitical tensions following reports of Russian drones being spotted over Poland. The resistance level is identified at 85.50, while the target is set near 86.30.

EUR/JPY has gained value following four consecutive days of losses, currently trading near 172.90 during Thursday's European session. The technical analysis indicates a potential move towards the 173.00 barrier after surpassing the nine-day EMA.

The Pound Sterling rose to approximately 1.1565 against the Euro on Wednesday, bolstered by strong global risk appetite and the yield advantage of the Sterling.

The EUR/USD pair experienced a subdued trading tone during the first half of the day, remaining below the 1.1700 level in anticipation of significant upcoming economic events.

The EUR/USD pair is approaching a breakout as the European Central Bank's decision and US Consumer Price Index data are anticipated. A bullish pattern is aiming for a target of 1.1830, driven by expectations of a Federal Reserve rate cut and weaker economic data from the US.

The Euro remained stable on Thursday as the European Central Bank (ECB) decided to keep interest rates unchanged for the second consecutive meeting, indicating that the monetary policy will continue without alterations for the time being.

EUR/USD remains stable at approximately 1.1700 during the European session, following a second consecutive day of losses on Wednesday. The upcoming decision from the European Central Bank, along with recent US economic data, presents a two-way risk for the currency pair.

The Euro to Dollar (EUR/USD) exchange rate fell to 1.17 on Wednesday, influenced by new geopolitical tensions and uncertainties in French politics.

The latest updates include news, forecasts, exchange rate data, and comparisons for currency transfers.

The European Central Bank has raised its inflation forecasts for 2025 and 2026 while reducing the forecast for 2027. Following this announcement, the euro has declined to its lowest point of the day.

The euro strengthened against the U.S. dollar on Thursday following the European Central Bank's decision to maintain its benchmark interest rate at 2.1% for a second consecutive month.

The Pound-to-Euro exchange rate (GBP/EUR) remained stable within a tight range on Thursday, influenced by the recent interest rate decisions from the European Central Bank (ECB).

EUR/USD is experiencing cautious trading around 1.1690 as investors await the upcoming US Consumer Price Index (CPI) release and the European Central Bank (ECB) announcement. Key support is identified at 1.1580, while resistance is noted at 1.1800, influencing trade signals.

The European Central Bank decided to keep interest rates steady at 2% on Thursday, as anticipated. However, the bank did not provide any indications regarding its future policy direction, despite ongoing speculation from investors.

Global real GDP growth is forecasted to reach 3.3% in 2025, a decline from 3.6% in the previous year. This growth is expected to decrease further to 3.1% in 2026 before rebounding back to 3.3%.

The USD/CAD currency pair is currently trading sideways between the 50-day and 200-day exponential moving averages (EMA). Resistance is observed near the 1.40 level, while support is at 1.3750. Traders are assessing the potential for Federal Reserve interest rate cuts and the economic outlook for Canada.

Gold prices have dropped to $3,620 after failing to maintain levels above $3,660. This decline comes as the US Dollar strengthens for the third consecutive day.

The Pound to Dollar exchange rate (GBP/USD) remained stable on Thursday, with investors overlooking a rise in US inflation as they concentrated on upcoming UK GDP data.

The GBP/USD exchange rate is currently around 1.3520, bolstered by expectations of a Federal Reserve rate cut and the Bank of England maintaining its rate at 4%. Key support is identified at 1.3470, while resistance levels range from 1.3595 to 1.3750 as September approaches.

The USD/CHF pair is currently trading sideways around the 0.79 support level, showing potential for a double bottom formation if this level is maintained. Resistance is observed between 0.80 and 0.81, influenced by prevailing risk sentiment.

The US dollar has seen a slight recovery, and S&P 500 futures remain close to the recent all-time high achieved yesterday. The primary attention is now directed towards the upcoming US Consumer Price Index (CPI) report.

The USD/CAD currency pair encountered resistance today, leading to bearish pressure that may challenge the June uptrend. The short-term technical outlook for the Canadian Dollar indicates a critical phase ahead.

Yen volatility is increasing due to the intersection of Bank of Japan policy changes and upcoming elections. Meanwhile, the Australian Dollar against the US Dollar remains stable above 0.66 amid expectations of a rate cut by the Reserve Bank of Australia. Traders are now focusing on US consumer sentiment data for further insights.

The US dollar attempted to gain ground during Wednesday's trading session, but the 17.50 ZAR level remains a significant resistance point for the currency pair.