GBP/USD Advances Above 1.3450 Amid Rising Fed Rate Cut Expectations
GBP/USD extends its rally for the fourth straight session, trading near 1.3460 during Wednesday’s Asian session. The pair remains supported as the US Dollar (USD) weakens on the back of soft labor market data, which has heightened expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets are now pricing in […]
Gold Buying Momentum Unstoppable as Geopolitical Risks and Fed Easing Bets Fuel Rally
Gold (XAU/USD) extended its winning streak for a fourth straight session on Tuesday, hitting fresh record highs above $3,870 during Asian trading. The safe-haven metal remains strongly bid as geopolitical tensions intensify and expectations of further US Federal Reserve rate cuts keep investors flocking to bullion. Safe-Haven Demand Drives Gold Higher Mounting geopolitical risks continue […]
GBP/USD eases toward 1.3500 as UK PMI data disappoints
The Pound Sterling (GBP) edged lower against the US Dollar (USD) in early European trading on Wednesday, with GBP/USD slipping to around 1.3510. The move came after the latest UK S&P Global flash PMI figures for September revealed weaker-than-expected economic activity. Traders now await remarks from Bank of England (BoE) External Member Megan Greene, due […]
WTI holds above $62 as OPEC+ eases pace of output hikes
West Texas Intermediate (WTI) crude oil edged higher in early Asian trading on Tuesday, hovering near $62.15. The upside came after the Organization of the Petroleum Exporting Countries and allies (OPEC+) signaled a slower pace of production growth in the coming months. The alliance, led by Saudi Arabia, agreed to lift output by 137,000 barrels […]
GBP/JPY revisits 200.00 as Japanese Yen weakens on BoJ policy uncertainty
The GBP/JPY pair reclaimed the key 200.00 mark during Tuesday’s Asian session, supported by broad Japanese Yen (JPY) underperformance as doubts grow over the Bank of Japan’s (BoJ) next policy move. Concerns about Japan’s domestic economy continue to weigh on expectations for further BoJ tightening. Last week, policymaker Junko Nakagawa cautioned that “many uncertainties remain,” […]
EUR/GBP edges lower near 0.8650 ahead of German GDP data
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 await Germany’s second-quarter (Q2) Gross Domestic Product (GDP) release due later in the day. UK […]
Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand
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 that officials remain more concerned about inflation than the labor market. The hawkish tone has […]
Australian Dollar slips as US Dollar firms on geopolitical optimism
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, after a modest 0.6% rise in July. The lift comes as the Reserve Bank of […]
AUD/USD Holds Steady as Markets Digest RBA Rate Cut and US Inflation Data
The Australian Dollar traded little-changed on Wednesday after gains in the previous session, with AUD/USD consolidating following Australia’s Q2 Wage Price Index release. The currency faced headwinds after the Reserve Bank of Australia (RBA) delivered its third rate cut of 2025, citing easing inflation and a softer labour market. Wage growth rose 0.8% quarter-on-quarter, matching […]
EUR/USD Holds Support as Traders Await US CPI Data
The EUR/USD pair has stabilized above 1.1595 on Tuesday, posting slight gains in early European trading after last week’s pullback from the 1.1700 level. Support for the euro is being aided by cautious optimism over potential Ukraine peace talks, while the US dollar remains flat ahead of key inflation data. According to The Wall Street […]
Gold Pulls Back from Two-Week High as Risk Sentiment Improves
Gold (XAU/USD) extended its intraday losses during the Asian session on Wednesday, retreating from a near two-week high reached on Tuesday. The decline halts a four-day winning streak as improved risk appetite in equity markets weighs on the safe-haven asset, despite a lack of fresh bearish triggers. Recent weak US economic data continues to support […]
GBP/USD Steady Above 1.3250 Ahead of US ISM Services PMI Data
The GBP/USD pair is trading flat around 1.3280 during Tuesday’s Asian session, as market participants await the release of the US ISM Services PMI later in the day. However, increasing expectations of Federal Reserve (Fed) rate cuts could put downward pressure on the US Dollar (USD) against the Pound Sterling. Weaker-than-expected US job data released […]
Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm
The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […]
EUR/USD Eases Near 1.0300 Ahead of Lagarde’s Speech
The EUR/USD pair edges lower to approximately 1.0310 during the Asian session on Monday, weighed down by a stronger US Dollar (USD). Market participants are focused on the upcoming Eurozone Sentix Investor Confidence data for February and a speech by European Central Bank (ECB) President Christine Lagarde later in the day. On Friday, former US […]
NZD/USD gains ground to near 0.5700 on weaker US PMI data
During the early Asian session on Thursday, the NZD/USD pair was trading slightly higher at 0.5690. The Greenback falls against the New Zealand Dollar (NZD) as US economic data disappoints. Investors will keenly monitor developments in the rekindled trade battle between the United States and China, the world’s two largest economies. The weaker US Services […]
Gold Price Bulls Hold Firm, But Overbought Conditions Suggest Caution
Gold (XAU/USD) continues its upward trajectory through the Asian session on Wednesday, reaching a fresh all-time high near $2,858. Concerns about the economic impact of US President Donald Trump’s trade tariffs continue to drive demand for the safe-haven metal. Furthermore, predictions that the Federal Reserve (Fed) would continue its easing cycle, backed by signs of […]
WTI Crude Oil Struggles Near $72.00, 100-Day SMA Holds as Key Support
West Texas Intermediate (WTI) crude oil prices fell from a one-week high on Tuesday, attracting sellers for the second straight session. The commodity trades at $72.00, barely above last week’s one-month low and close to the important 100-day Simple Moving Average (SMA) support. US Tariff Delay Weighs on Oil Prices US President Donald Trump has […]
GBP/USD Holds Above 1.2400 as Markets Watch China Tariff Developments
GBP/USD extends its gains for a second consecutive session, trading around 1.2430 during Asian market hours on Tuesday. With the decision by U.S. President Donald Trump to pause tariffs on Mexico and Canada , the pair benefits from a risk-on sentiment . Despite this, investors continue to pay close attention to ongoing […]