Pound Sterling remains under pressure as US-Israel conflict with Iran boosts safe-haven demand
The Pound Sterling (GBP) weakens against its major peers on Tuesday, falling roughly 0.3% to trade near 1.3360 against the US Dollar (USD) during the European session. The GBP/USD pair extends losses as risk sentiment deteriorates amid escalating tensions in the Middle East involving the United States, Israel, and Iran. The heightened geopolitical uncertainty has […]
WTI jumps toward $73 as Strait of Hormuz closure sparks supply concerns
West Texas Intermediate (WTI Jumps) crude futures on NYMEX climb about 2.3% to trade near $73.00 during Tuesday’s early European session. Oil prices rally after the closure of the Strait of Hormuz – a critical maritime corridor that carries roughly 20% of the world’s crude shipments – disrupted global supply flows and intensified fears of […]
Gold aims to hold above $5,400 as Middle East tensions drive safe-haven buying
Gold (XAU/USD) climbed to its highest level since late January during Monday’s early European trading, with buyers now attempting to extend gains beyond the $5,400 zone amid a broad flight to safety. Over the weekend, geopolitical tensions in West Asia escalated sharply, unsettling global markets. Reports of coordinated military action involving the United States and […]
EUR/USD trims intraday losses as oil surge offsets safe-haven demand for USD
The EUR/USD pair recovers part of its early decline during Monday’s late Asian session, though it remains down around 0.25% near the 1.1780 level. Earlier in the session, the Euro came under heavy pressure against the US Dollar as investors rushed toward safe-haven assets following escalating tensions involving Iran, Israel, and the United States over […]
Gold holds firm as safe-haven demand stays strong; $5,200 remains the breakout level
Gold (XAU/USD) extended its positive tone for a third consecutive day on Friday. However, buyers are still looking for a clear and sustained move above the $5,200 level before committing to stronger bullish positions. Ongoing geopolitical tensions continue to support the precious metal, especially after the United States increased naval and air deployment in the […]
EUR/USD edges higher near 1.1800 ahead of Germany’s flash inflation release
The EUR/USD pair moves slightly higher, trading around 1.1810 during the late Asian session on Friday, as investors await Germany’s preliminary inflation figures for February, including data from its major states. Germany’s flash Harmonized Index of Consumer Prices (HICP) is projected to rise 0.5% month-on-month, recovering from a 0.1% decline in January. On an annual […]
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Canadian Dollar stays firm above 1.3650 as US tariff worries weigh on USD
The USD/CAD pair trades slightly lower near 1.3670 during Thursday’s early European session. The US Dollar weakens against the Canadian Dollar as uncertainty around US economic policy and renewed concerns over higher import tariffs pressure the Greenback. Investors are now awaiting Canada’s Gross Domestic Product (GDP) figures and the US Producer Price Index (PPI) report […]
WTI steadies near $65.50 as markets await fresh US-Iran nuclear talks
West Texas Intermediate (WTI) crude trades near $65.50 per barrel during Thursday’s European session, stabilizing after two consecutive sessions of decline. Oil prices remain supported by persistent geopolitical tensions between the United States and Iran, which continue to fuel concerns about potential supply disruptions. Investors are closely watching the third round of US-Iran nuclear negotiations […]
Gold holds firm on safe-haven demand as weaker USD supports prices
Gold (XAU/USD) keeps modest gains below the $5,200 level during the Asian session on Wednesday, trading near the monthly high reached a day earlier. Ongoing geopolitical tensions continue to support the metal, as the United States strengthens its military presence in the Middle East ahead of the third round of US-Iran nuclear talks scheduled for […]
GBP/USD Holds Firm Above 1.3500 After Trump’s State of the Union Address
The GBP/USD pair extends its advance for a fourth straight session, trading near 1.3510 during Wednesday’s Asian session. The Pound Sterling remains supported as the US Dollar stays under pressure following US President Donald Trump’s first State of the Union address of his second term before Congress. In his speech, Trump claimed his administration had […]
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WTI holds near $67 as geopolitical tensions keep Oil supported
West Texas Intermediate (WTI) crude continues its upward move for a second straight session, hovering near $66.80 per barrel during Tuesday’s Asian trading hours. The benchmark remains close to its six-month peak of $67.23 recorded on February 23. Oil prices are rising on fears of possible supply disruptions linked to escalating tensions in the Middle […]
EUR/USD rises toward 1.1800 as trade tensions pressure the US Dollar
The EUR/USD pair trades firmer near 1.1795 in early Asian trading on Tuesday, supported by a softer US Dollar (USD). Ongoing uncertainty surrounding US trade tariffs is weighing on the Greenback and helping the Euro (EUR) gain ground. Meanwhile, markets are also watching the US January Producer Price Index (PPI) report due later this week. […]
Gold holds near monthly highs as safe-haven demand and soft USD support prices
Gold (XAU/USD) remains firm close to its monthly peak ahead of Monday’s European session and attempts to extend last week’s breakout above the $5,100 level, supported by favorable fundamentals. Fresh trade tensions and escalating Middle East risks continue to boost demand for the safe-haven metal and reinforce the positive outlook. US President Donald Trump unveiled […]
NZD/USD trims early advance while the US Dollar stays weak
The NZD/USD pair pulled back from its intraday highs during Monday’s early European session after meeting resistance near the key 0.6000 level. Even so, the pair remains slightly positive, trading around 0.5980, supported by a softer US Dollar amid fresh uncertainty surrounding US trade policy. At the time of writing, the US Dollar Index (DXY), […]
Pound Sterling Near Monthly Low as Markets Await US GDP & PCE Data
The GBP/USD pair extends its decline for a fifth straight session on Friday, drifting back toward the nearly one-month low recorded the previous day. During the Asian session, the pair trades below the mid-1.3400 region and remains under pressure as traders turn their focus to crucial US economic releases for fresh direction. Markets are awaiting […]
EUR/GBP slips below 0.8750 after stronger UK Retail Sales
The EUR/GBP pair edged lower to around 0.8735 in early European trading on Friday. The Pound gained against the Euro following better-than-expected UK economic figures. Later in the day, markets will focus on the preliminary Purchasing Managers’ Index (PMI) reports from the Eurozone, Germany, and the United Kingdom. Figures released by the Office for National […]