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 […]
Gold Prices Below $5,000 as Hawkish Fed Minutes Support US Dollar
Gold prices (XAU/USD) moved sideways during Thursday’s Asian session, staying below the key $5,000 psychological level. Traders remain cautious as mixed signals from the market limit strong directional moves. The US Dollar continues to hold firm near a one-week high after the release of the January Federal Reserve meeting minutes, which leaned toward a more […]
The Australian dollar recoups its initial gains and falls below 0.7050 versus the US dollar.
During Thursday’s European trading session, the Australian dollar (AUD) gives up most of its early gains and flattens to about 0.7045 versus the US dollar (USD). Following the release of the Australian labor market data for January, the Aussie pair saw strong bids earlier in the day. With a lower unemployment rate and modest new […]
Gold holds intraday gains but stays below $4,950 ahead of FOMC Minutes
Gold (XAU/USD) continues its upward move during Tuesday’s European session, reaching a new daily high. The metal has recovered a large portion of the previous day’s sharp decline of more than 2%, when prices slipped toward the $4,842–$4,843 area — the lowest level in nearly two weeks. Still, traders remain cautious before the release of […]
USD/CAD Price Forecast: Attempts to push recovery above 20-day EMA
The USD/CAD pair trades slightly higher near 1.3653 in the early European session on Wednesday. The pair gains modestly as the US Dollar (USD) edges up ahead of the Federal Open Market Committee (FOMC) Minutes scheduled for 19:00 GMT. At the time of writing, the US Dollar Index (DXY), which measures the Greenback against a […]
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Gold slips as risk appetite caps gains despite dovish Fed outlook and soft USD demand
Gold (XAU/USD) comes under renewed selling pressure for a second consecutive day, dropping to a more than one-week low near the $4,858 region ahead of Tuesday’s European session. The metal later rebounds toward $4,900 as traders hold back from aggressive positions and wait for clearer signals about the US Federal Reserve’s rate-cut outlook. Market attention […]
EUR/USD stays weak below the mid-1.1800s, but losses may be limited
The EUR/USD pair faces selling pressure for a second straight day on Tuesday, trading below the mid-1.1800 region during the quiet Asian session. Even so, the overall fundamentals suggest traders should be cautious about expecting a deeper decline. The US Dollar Index (DXY), which measures the US Dollar against major currencies, holds on to its […]
WTI Oil stays below $63.00 as attention shifts to US-Iran talks
West Texas Intermediate (WTI), the main US crude benchmark, started the week on a soft note, continuing the cautious mood seen late last week. Prices are still moving within Friday’s range. Attempts to rise above $63.00 are struggling, while support near $62.00 is holding for now. As a result, crude remains roughly 4% lower than […]
Australian Dollar edges higher near 0.7090 before RBA and Fed minutes
The AUD/USD pair moved up after two days of losses, rising about 0.2% to around 0.7090 during Monday’s European session. The Australian Dollar strengthened as traders waited for the Reserve Bank of Australia (RBA) meeting minutes scheduled for Tuesday. At the policy meeting earlier this month, RBA Governor Michele Bullock indicated that interest rates may […]
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Selecting a forex trading platform sounds simple when you’re new to it. But if you understand how trading works, it might even seem extremely complicated or scary. But when you dissect it, it’s just the digital route that links traders to the world currency market. In addition to placing and managing trades, you can view […]
Japanese Yen Strengthens Amid Renewed Government Intervention Signals
The Japanese Yen gained strength after renewed verbal intervention from Tokyo officials. As a result, USD/JPY declined for the fourth consecutive session, trading near 152.90 during Asian market hours. Japan’s Vice Finance Minister for International Affairs, Atsushi Mimura, stated that authorities are closely monitoring currency movements with a high level of urgency. He emphasized that […]
EUR/USD weakens as US jobs data trims Fed rate cut bets
The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index (CPI) inflation report. The Greenback strengthens against the Euro […]
US Nonfarm Payrolls Seen Posting Moderate Job Growth in January
The United States Bureau of Labor Statistics (BLS) is set to publish the delayed January US Nonfarm Payrolls (NFP) report on Wednesday at 13:30 GMT. The employment data is expected to spark renewed volatility in the US Dollar (USD), as market participants look for clearer signals on the Federal Reserve’s next move on interest rates. […]
EUR/USD moves higher above 1.1900 ahead of US January NFP report
The EUR/USD pair advances toward 1.1915 in early European trading on Wednesday, supported by a softer US Dollar. Investors are likely to adopt a cautious stance later in the session as they await the delayed US January employment report, which could shape expectations around Federal Reserve policy. Disappointing US Retail Sales figures weighed on the […]
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The forex market is full of opportunities — but it’s also full of traps. Every year, thousands of traders jump in with high hopes, only to realise that the broker they trusted was the reason behind their losses. It isn’t necessarily the plan or method that goes from potentially good to costly disaster; sometimes it’s as […]
WTI slips below $64.00 as Middle East supply concerns ease
West Texas Intermediate (WTI), the US crude oil benchmark, is trading near $63.80 during early Asian hours on Tuesday. Prices have come under pressure as fears of supply disruptions in the Middle East have softened. Market participants are now turning their attention to the American Petroleum Institute’s (API) weekly inventory report, due later in the […]