Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment The Australian Dollar (AUD) struggled to maintain its previous gains on Wednesday, as the AUD/USD pair came under pressure from a stronger US Dollar (USD) driven by rising US Treasury yields. The
Japanese Yen Weakens Below 152.00 Against USD, Hits Fresh Three-Month Low The Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for a third consecutive day, pushing the USD/JPY pair above the 152.00 level for the first
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook The GBP/USD pair moved closer to the 1.3000 mark during Wednesday’s Asian session, though the British Pound (GBP) encountered resistance due to weaker UK economic data. Falling consumer and producer inflation,
WTI Struggles Below $70 Amid Demand Concerns and USD Strength West Texas Intermediate (WTI) crude oil prices are hovering just below the $70.00 mark during Tuesday’s Asian session, remaining in a tight range around $69.70-$69.75. The commodity has struggled to
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Tuesday, buoyed by a hawkish stance from the Reserve
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain The EUR/USD pair is currently in a bearish consolidation phase during Tuesday’s Asian session, fluctuating around the 1.0820 mark, just above its lowest level since early August, which was reached the day before.
Gold Price Overbought, Bulls Should Exercise Caution Amid Renewed USD Strength Gold (XAU/USD) remains near its intraday highs through early European trading, hovering close to its all-time peak of around $2,730. The continued accommodative monetary policy environment and persistent geopolitical
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD The GBP/USD pair struggles to maintain modest recovery gains from the past two days, trading within a narrow range around 1.3050-1.3045 during Monday’s Asian session. Spot prices remain close to last Thursday’s
WTI Inches Higher to $70.50 Amid US Oil Stock Decline West Texas Intermediate (WTI) crude oil prices continue to rise for the second consecutive day, trading around $70.40 per barrel during Friday’s Asian session. The upward momentum in oil prices
Japanese Yen Gains Traction Against USD Amid BoJ Uncertainty The Japanese Yen (JPY) is seeing an upward trend during Friday’s Asian session, partially recovering from the previous day’s losses against the US Dollar (USD), reaching its strongest level since early
EUR/USD Extends Losses After ECB Rate Cut The EUR/USD pair continues to decline following the European Central Bank’s (ECB) decision to cut rates by 25 basis points on Thursday. With a lack of bullish momentum, the pair is now down
Australian Labor Market Surprises Positively – Commerzbank Australia’s employment report delivered stronger-than-expected results this morning, joining the list of countries with unexpectedly robust labor data, notes Commerzbank’s FX analyst, Michael Pfister. AUD Supported Amid Strong Job Creation “Job creation reached