The EUR/USD pair is holding onto Friday’s momentum, trading slightly above 1.1700 during the early European session on Monday. The common currency shows resilience as the US Dollar (USD) weakens, pressured by Federal Reserve Chair Jerome Powell’s remarks suggesting the
West Texas Intermediate (WTI) crude oil traded flat on Friday, hovering around $63.40 during Asian hours, after two consecutive days of gains. Prices remained steady as optimism over an immediate Russia-Ukraine peace settlement continued to fade, keeping risk premiums intact.
The EUR/GBP pair trades with modest losses around 0.8650 in early European hours on Friday, as the Pound Sterling (GBP) finds support from expectations that the Bank of England (BoE) may refrain from additional rate cuts this year. Investors now
Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled
The EUR/USD pair remains under pressure, trading around 1.1640 during Thursday’s Asian session after modest gains in the previous day. The Euro weakens against the US Dollar as markets await the release of HCOB Purchasing Managers’ Index (PMI) figures from
West Texas Intermediate (WTI) crude oil prices softened in early Asian trading on Wednesday, drifting to around $62.05. The pullback comes as optimism grows over potential peace talks aimed at ending Russia’s invasion of Ukraine, following discussions between US President
The New Zealand Dollar (NZD) continued its losing streak for a third straight session on Wednesday, with NZD/USD slipping toward 0.5850 during Asian trading hours. The decline followed the Reserve Bank of New Zealand’s (RBNZ) decision to lower its Official
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, strengthened during Wednesday’s Asian session, trading near 98.30. The move comes as fading expectations of aggressive Federal Reserve (Fed) policy easing—following a stronger US
The Australian Dollar (AUD) extends its decline for a second straight session on Tuesday, with AUD/USD trading lower despite an improvement in domestic sentiment data. Westpac Consumer Confidence surged 5.7% in August to 98.5, its highest level since February 2022,
The GBP/USD pair trades on a softer note near the 1.3500 mark during Tuesday’s early European session. The US Dollar (USD) gains modestly against the Pound Sterling (GBP) as traders scale back expectations of a Federal Reserve (Fed) rate cut
Gold (XAU/USD) bounced back from a two-week low near the $3,324 region in early Asian trading on Monday, climbing to fresh daily highs. The recovery was supported by growing conviction that the U.S. Federal Reserve will resume rate cuts in
EUR/USD edged lower in Asian trading on Monday, slipping to around 1.1690 after posting 0.5% gains in the previous session. While the pair is under mild pressure, the downside appears capped as the U.S. Dollar (USD) struggles under the weight