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 […]
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 […]