Bitcoin, Ethereum, and XRP Recover as Selling Pressure Weakens
Friday brought a bit of relief to Bitcoin and Ethereum, alongside Ripple, as the downward slide seemed to ease up. Because the prices got stabilized above the key support levels, it certainly helped traders gain confidence after seeing huge volatility recently Bitcoin climbed following a dip to $106,453—a key point based on Fibonacci calculations. Earlier, […]
Gold Slips as Traders Take Profits; Focus Shifts to US Inflation Data
Gold prices fell slightly on Wednesday, trading below $4,100 in the Asian session. The drop came after a strong nine-week rally, as traders booked profits following record highs. Despite the recent correction, many analysts believe gold’s long-term outlook remains positive. The easing tension between the United States and China also reduced demand for safe-haven assets […]
GBP/USD Remains Below 1.3400 as Uk Borrowing Rises More Than Expected
Wednesday saw GBP/USD struggle, hovering near 1.3380 as Asian markets opened. Clearly investors were hesitant, awaiting crucial UK inflation figures—September’s CPI alongside the RPI. The British pound dipped when figures revealed the UK government took on an additional £7.2 billion in debt during the first six months of the financial year. Overall borrowing hit £99.8 […]
Wall Street Jumps as Strong Earnings Boost Investor Confidence
Monday saw a robust surge in US stocks—investor spirits were buoyed by impressive company profits, so they readily embraced riskier investments. Specifically, the Dow jumped 515.97 points, reaching 46,706.58, a gain of 1.12%. Meanwhile, the S&P 500 rose 71.12 points (1.07%), hitting 6,735.13; additionally, the Nasdaq increased by 310.57 points—that’s a 1.37% climb to 22,990.54. […]
Gold Steadies as Markets Weigh Trade Uncertainty and Fed’s Next Move
Gold isn’t budging much these days, resting up following last Friday’s decrease from peaks. It still has appeal because it appears to be waiting for the market to move in the direction that global trade tensions, discussions of lower interest rates, and political unrest are likely to take. Gold and other market traders are once […]
Gold Hits Fresh Record High as Safe-Haven Demand Soars
Gold (XAU/USD) continued its unstoppable rally on Tuesday, climbing above the $4,100 mark and setting another all-time high. The metal remains strongly supported by renewed US-China trade tensions, ongoing geopolitical risks, and growing expectations of more Federal Reserve rate cuts—all factors that boost safe-haven demand. The recent US government shutdown and uncertainty around trade tariffs […]
Pound Steadies Above 1.3300 on Bank of England’s Careful Policy Approach
The GBP/USD pair is holding steady above the 1.3300 psychological level, trading near 1.3310 in Friday’s Asian session. After three days of small losses, the Pound Sterling (GBP) is regaining support, helped by the Bank of England’s (BoE) firm and careful approach to monetary policy. The BoE continues to focus on bringing down stubborn inflation, […]
Gold extends record rally above $3,900 amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) continues its powerful ascent, crossing the $3,900 mark during Monday’s Asian session and hitting a fresh record high. The rally is driven by growing expectations of additional interest rate cuts by the US Federal Reserve (Fed) and rising demand for safe-haven assets as the US government shutdown drags on. Meanwhile, Japan’s political shift […]
Japanese Yen under pressure as USD/JPY hovers near 148.00
The Japanese Yen (JPY) remains weak against a broadly stronger US Dollar (USD), with USD/JPY trading close to the 148.00 level during Wednesday’s European session. Earlier data showed Japan’s manufacturing sector contracted at the fastest pace in six months, fueling concerns about economic headwinds from US tariffs and political uncertainty at home. These factors could […]
Gold surges to fresh record highs ahead of Powell speech
Gold (XAU/USD) extended its powerful rally on Tuesday, touching new all-time highs during the European session as investors continue to pile into the safe-haven metal. The uptrend, established over the past month, remains firmly supported by expectations of further US Federal Reserve rate cuts and mounting geopolitical risks. The Fed’s dovish stance, signaling two more […]
EUR/GBP slips as French confidence vote weighs on Euro
The Euro (EUR) came under renewed pressure against the British Pound (GBP) on Monday, with EUR/GBP holding just above 0.8660 at the time of writing. Traders remain cautious ahead of a crucial confidence vote in France later today. French Prime Minister François Bayrou, who leads a fragile minority government, faces a make-or-break vote in the […]
Gold slips as US Dollar strengthens; Powell’s dovish tone may limit losses
Gold (XAU/USD) eased toward $3,350 in early European trading on Monday, weighed down by renewed US Dollar (USD) demand. However, growing expectations of a Federal Reserve (Fed) rate cut in September, following dovish remarks from Chair Jerome Powell at the Jackson Hole symposium, could cushion the downside for the precious metal. Powell acknowledged that while […]
WTI steadies near $63.50 as Russia-Ukraine peace prospects dim
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. According to Reuters, analysts at ING noted, “It’s proving difficult to arrange a Putin-Zelenskyy summit, […]
US Dollar Index Holds Above 98.00 Ahead of Fed Minutes
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 wholesale inflation print—lend support to the currency. Earlier this month, weaker US employment data and […]
Japanese Yen Struggles as Election Results Dampen BoJ Rate Hike Outlook
The Japanese Yen (JPY) opened the week with fresh selling pressure, giving up early gains despite a bullish gap in Monday’s Asian session. The currency remains weighed down by domestic political uncertainty following Sunday’s upper house election, which dealt a significant setback to the ruling coalition. The loss raised fears of fiscal slippage, with opposition […]
EUR/USD Struggles Below 1.0400 Ahead of Eurozone Retail Sales Data
EUR/USD is trading lower around 1.0390 in the Asian session on Thursday, extending losses following a two-day recovery. Investors remain wary ahead of the release of Eurozone Retail Sales data later today. Market predictions suggest that Eurozone retail sales scaled by 1.9% year on year in December, up from the previous 1.2% increase. However, the […]
EUR/USD Struggles for Clear Direction, Stays Range-Bound Near 1.0375-1.0380
The EUR/USD pair continues in consolidation mode, failing to build on its recent recovery from the 1.0200 region—the lowest level since January 13. After reaching a weekly high earlier on Wednesday, the pair is fluctuating within a narrow range around 1.0375-1.0380, showing little change for the day amid mixed market signals. Tuesday’s Job Openings and […]
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting
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 heavily on crude prices. Key Factors Impacting WTI Prices Stronger USD and Federal Reserve Outlook: […]