EUR/USD Drops Below 1.0500 Amid French Government Crisis
December 3, 2024
The EUR/USD pair slipped to approximately 1.0490 during the early European session……
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Economic News
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting
December 2, 2024
West Texas Intermediate (WTI) crude oil is trading near $68.25 on Monday, pressured by a strengthening US Dollar (USD) and ongoing market uncertainty. A firmer USD, which makes USD-denominated commodities like oil more expensive for holders of other currencies, weighs
Gold Price Falls Amid Renewed USD Strength, Rising US Bond Yields
December 2, 2024
Gold Price Falls Amid Renewed USD Strength, Rising US Bond Yields Gold prices opened the week under heavy selling pressure, dropping to the $2,623-$2,622 range during the Asian session. This decline halts a four-day winning streak as the US Dollar
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data
December 2, 2024
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data The EUR/USD pair extended its decline to around 1.0530 during early Asian trading on Monday, pressured by a strengthening US Dollar (USD). Traders are focusing on key
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data
November 29, 2024
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data Asian equities fell on Friday as geopolitical concerns and strong economic data from Japan weighed on sentiment. The escalation of the Russia-Ukraine conflict further dampened risk appetite, while
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions
November 29, 2024
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions The Australian Dollar (AUD) extended its rally for a third consecutive session on Friday, buoyed by hawkish remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock. However,
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits
November 29, 2024
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits The USD/CHF pair is trading lower around 0.8815 in early European trading on Friday, pressured by broad-based weakness in the US Dollar (USD). Market participants are focused on Switzerland’s Gross
WTI Steadies Above $68.50 Amid Surprise Crude Draw and Ceasefire Developments
November 28, 2024
WTI Steadies Above $68.50 Amid Surprise Crude Draw and Ceasefire Developments West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.65 as of Wednesday. The price remains stable, supported by an unexpected draw in US crude inventories,
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery
November 28, 2024
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery The Japanese Yen (JPY) softened on Thursday, with renewed demand for the US Dollar (USD) pushing the USD/JPY pair above mid-151.00 during the Asian session, recovering from a five-week
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
November 28, 2024
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts
November 27, 2024
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts The Bureau of Economic Analysis (BEA) is set to release October’s Personal Consumption Expenditures (PCE) Price Index on Wednesday at 13:30 GMT. As the Federal
Gold Price Holds Modest Gains as Traders Await US PCE Inflation Data
November 27, 2024
Gold Price Holds Modest Gains as Traders Await US PCE Inflation Data Gold (XAU/USD) maintains its positive momentum, extending gains for the second consecutive day on Wednesday. After rebounding from a one-week low near $2,600, the precious metal climbed to