Gold Price Remains Defensive Below Multi-Month High Amid Risk-On Sentiment
Gold price (XAU/USD) came under selling pressure during the Asian session on Thursday, retreating from the multi-month high of $2,763–$2,764 touched the previous day. This decline halts a three-day winning streak. The US Dollar (USD) gained some strength from its recovery off a monthly low, supported by a rebound in US Treasury bond yields, and […]
USD/JPY Climbs Toward 156.00 as Japanese Yen Maintains Intraday Weakness
The Japanese Yen (JPY) weakens broadly during Wednesday’s Asian trading session, allowing the USD/JPY pair to extend its recovery from over a one-month low. A risk-on sentiment, reflected in positive equity market performance, undermines the safe-haven JPY. Additionally, a modest uptick in US Treasury bond yields supports the US Dollar (USD), further pressuring the lower-yielding […]
WTI Falls Near $75.50 as Trump Plans to Boost Output and Impose Tariffs
West Texas Intermediate (WTI), the benchmark for US crude oil, is trading near $75.55 on Wednesday, retreating as US President Donald Trump announces plans to expand domestic oil and gas production and impose tariffs on key trading partners. On Monday, Trump declared a national energy emergency, granting authority to fast-track approvals for oil, gas, and […]
EUR/USD Edges Lower Near 1.0400 Amid Trump’s Tariff Threats
The EUR/USD pair dipped slightly to around 1.0415 during Wednesday’s Asian trading session, with the Euro (EUR) under pressure against the US Dollar (USD). This decline follows US President Donald Trump’s announcement of potential tariffs on the European Union (EU). Traders now await a speech from European Central Bank (ECB) President Christine Lagarde later today […]
Japanese Yen Trims Intraday Gains Against USD; Bullish Momentum Persists
The Japanese Yen (JPY) holds its ground against the US Dollar (USD) in the European session, trading just below the one-month high reached earlier on Tuesday. Renewed fears of a global trade war, sparked by US President Donald Trump’s tariff comments, coupled with expectations of a Bank of Japan (BoJ) interest rate hike later this […]
Japanese Yen Weakens Below 150.00 Against USD Amid Mixed Economic Signals
The Japanese Yen (JPY) continues to lose ground during Tuesday’s Asian session, with the USD/JPY pair climbing above the critical 150.00 psychological level. A combination of modest US Dollar (USD) strength and market dynamics is driving this movement, although speculation surrounding a potential interest rate hike by the Bank of Japan (BoJ) in December is […]
EUR/USD Drops Below 1.0500 Amid French Government Crisis
The EUR/USD pair slipped to approximately 1.0490 during the early European session……
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: […]
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data
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 events scheduled for later in the day, including European Central Bank (ECB) President Christine Lagarde’s […]
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions
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, the AUD/USD pair may encounter headwinds as the United States prepares to introduce new measures […]
WTI Steadies Above $68.50 Amid Surprise Crude Draw and Ceasefire Developments
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, which offsets the potential bearish impact of a ceasefire agreement between Israel and Hezbollah. Trading […]
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
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 to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts
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 Reserve’s (Fed) preferred inflation gauge, this data will provide insights into the trajectory of inflation […]
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar The Australian Dollar (AUD) maintained a steady position on Monday after paring earlier gains as the US Dollar (USD) continued to undergo a corrective pullback. The USD’s downward trajectory was partly driven by optimism in bond markets following President-elect Donald Trump’s nomination of Scott […]
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level Gold price (XAU/USD) saw a sharp intraday decline on Monday after briefly touching a nearly three-week high around the $2,721-$2,722 level. This drop ended the metal’s five-day winning streak, driven by a shift in market sentiment toward risk-on assets. The decline in gold prices coincided […]
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows The EUR/USD pair has rebounded from its two-year low of 1.0332 recorded last Friday, trading near 1.0480 during Monday’s Asian session. This recovery is largely attributed to a correction in the US Dollar (USD), even as strong preliminary S&P Global US Purchasing Managers’ Index (PMI) […]
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions West Texas Intermediate (WTI), the US benchmark for crude oil, is trading around $70.25 on Friday, recovering slightly as heightened fears of supply disruptions stemming from the Russia-Ukraine conflict bolster prices. Geopolitical Developments Drive Oil Prices Higher Rising tensions in Eastern Europe have been a key driver […]
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while […]