US Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data
US Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data The US Dollar Index (DXY) rose to around 100.65 during Friday’s Asian trading session, but its upside momentum seems constrained due to expectations of further rate cuts from the Federal Reserve (Fed). The broader weakness in the US Dollar persists […]
USD/CHF Rises Above 0.8450 as Traders Anticipate US PCE Data
USD/CHF Rises Above 0.8450 as Traders Anticipate US PCE Data The USD/CHF pair gained traction on Friday, climbing to around 0.8485 during the early European session. This move comes as the Swiss Franc (CHF) weakens, following the Swiss National Bank’s (SNB) decision to lower interest rates on Thursday. Traders are now focused on the upcoming […]
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech The EUR/USD pair is trading stronger near 1.1140 during Thursday’s Asian session, supported by a broadly weaker US Dollar. On the agenda for Thursday are speeches by multiple US Federal Reserve (Fed) officials, including Chair Jerome Powell. Additionally, key economic data releases, such as the US […]
BOJ Surprises with Removal of Forward Guidance – UOB Group
BOJ Surprises with Removal of Forward Guidance – UOB Group The Bank of Japan (BOJ) kept its monetary policy unchanged but unexpectedly removed its forward guidance, surprising markets, according to UOB Group Senior Economist Alvin Liew. No Change in Monetary Policy as Expected “At its scheduled Monetary Policy Meeting (MPM) on Friday (September 20), the […]
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected On Friday, the Bank of Japan (BoJ) announced that it would maintain its short-term interest rate target between 0.15% and 0.25%, following a two-day monetary policy review. This decision aligned with market expectations. Back in July, the BoJ surprised markets by raising the policy […]
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment Gold (XAU/USD) continues its upward momentum for the second consecutive day, edging closer to the $2,600 mark—just shy of its all-time high—during early European trading on Friday. This rise follows the Federal Reserve’s (Fed) substantial interest rate cut on Wednesday, with expectations for another […]
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150 The EUR/USD pair remains on an upward trajectory for the third straight day, trading near 1.1165 during Friday’s Asian session. The pair’s strength is supported by a weaker US Dollar (USD), following an unexpected 50 basis point (bps) rate cut by the US Federal Reserve (Fed) at […]
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields The Japanese Yen (JPY) remained steady against the US Dollar (USD) on Tuesday, supported by the hawkish outlook on the Bank of Japan’s (BoJ) interest rate policy. Traders are cautiously awaiting the BoJ’s policy decision on Friday, expecting rates to remain unchanged but […]
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance Gold price (XAU/USD) is trading near its weekly high for the third consecutive day on Friday, ahead of the European session. Despite this upward trend, investors remain cautious as they await the US Nonfarm Payrolls (NFP) report before making any significant […]
GBP/USD Gains Momentum Above 1.3150 Ahead of US NFP Data
GBP/USD Gains Momentum Above 1.3150 Ahead of US NFP Data The GBP/USD pair continues to strengthen, trading near 1.3180 during Asian hours on Friday, marking its third consecutive day in positive territory. The persistent weakness of the US Dollar (USD) is providing support for the pair. However, traders are eagerly awaiting the release of the […]
Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data
Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data Silver (XAG/USD) is trading with a mild bearish bias around $28.25 early Thursday during the Asian session. A modest recovery in the US Dollar (USD) is weighing on silver prices. However, speculation that the US Federal Reserve (Fed) may implement a deeper […]
Australian Dollar Holds Losses Despite Hawkish RBA Bullock, ISM Manufacturing PMI in Focus
Australian Dollar Holds Losses Despite Hawkish RBA Bullock, ISM Manufacturing PMI in Focus The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) despite positive Trade Balance data released on Thursday. Australia’s trade surplus widened to 6,009 million AUD in July, surpassing both the expected 5,150 million and the prior figure of 5,589 […]
Gold Price Struggles to Gain Momentum as Traders Await New Catalysts
Gold Price Struggles to Gain Momentum as Traders Await New Catalysts The Gold price (XAU/USD) has rebounded from multi-day lows but remains under the $2,500 mark amid a renewed bid in the U.S. Dollar (USD) on Wednesday. Despite this, ongoing geopolitical risks and the potential for imminent Federal Reserve (Fed) rate cuts could support the […]
WTI Breaks Below $69.50 Amid Potential Libyan Dispute Resolution
WTI Breaks Below $69.50 Amid Potential Libyan Dispute Resolution West Texas Intermediate (WTI) oil prices extended their losses for the second consecutive day, trading around $69.40 per barrel during the Asian session on Wednesday. This decline is attributed to the potential resolution of a political dispute that had halted Libyan oil exports, alongside concerns over […]
GBP/USD Holds Steady Above 1.3100 Ahead of Fed Beige Book
GBP/USD Holds Steady Above 1.3100 Ahead of Fed Beige Book The GBP/USD pair remains stable around 1.3110 during the early European session on Wednesday. However, with a cautious market sentiment ahead of key U.S. events, the U.S. Dollar (USD) could gain some support, potentially pushing the pair lower. The U.S. JOLTS Job Openings and the […]
USD/CAD Nears 1.3550 as Traders Evaluate ISM Manufacturing PMI
USD/CAD Nears 1.3550 as Traders Evaluate ISM Manufacturing PMI The USD/CAD pair is experiencing gains for the second straight day, trading around 1.3520 during early European hours on Tuesday. This upward movement is driven by a stronger US Dollar (USD), amid diminishing chances of an aggressive interest rate cut by the US Federal Reserve in […]
How to Trade the EUR/CHF Currency Pair
Although Switzerland is not a member of the European Union (EU), it maintains a close relationship with the EU through over 100 bilateral treaties, allowing it to participate in some aspects of the EU’s single market. Historically, the Swiss franc was pegged to the euro at a rate of 1.20 francs per euro. However, this […]