WTI Falls to Around $72.50 as OPEC+ Plans Production Increase
WTI Falls to Around $72.50 as OPEC+ Plans Production Increase West Texas Intermediate (WTI) crude oil prices have declined for the second consecutive session, trading near $72.50 per barrel during Monday’s Asian trading hours. This downward trend is largely attributed to reports that the Organization of the Petroleum Exporting Countries and their allies (OPEC+) are […]
Japanese Yen Pares Intraday Gains Despite Hawkish BoJ Stance
Japanese Yen Pares Intraday Gains Despite Hawkish BoJ Stance The Japanese Yen (JPY) has lost momentum against the US Dollar (USD), reversing some intraday gains after the release of the US Personal Consumption Expenditures (PCE) Index data for July. This data dampened expectations for a significant interest rate cut by the Federal Reserve (Fed) in […]
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data The USD/CHF pair declines towards 0.8490 during early European trading on Monday. This drop is driven by a weaker US Dollar (USD) amid rising expectations that the US Federal Reserve (Fed) might cut interest rates in its September meeting. Upcoming economic data from Switzerland, including […]
Gold Price Gains Momentum as Traders Await US GDP Data
Gold Price Gains Momentum as Traders Await US GDP Data Gold prices (XAU/USD) are recovering on Thursday, bouncing back from weekly lows in the sub-$2,500 region per troy ounce. The potential for US interest rate cuts is boosting gold demand, as lower interest rates decrease the opportunity cost of holding non-yielding gold. Political uncertainty in […]
USD/CHF Extends Decline Near 0.8400 as Investors Await US GDP Data
USD/CHF Extends Decline Near 0.8400 as Investors Await US GDP Data The USD/CHF pair is experiencing selling pressure, trading around 0.8405 during early European hours on Thursday. Dovish comments from US Federal Reserve (Fed) officials continue to weigh on the US Dollar (USD). At the Fed’s annual Jackson Hole retreat last week, Fed Chair Jerome […]
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation The Pound Sterling (GBP) has pulled back from a more-than-two-year high of 1.3266 against the US Dollar (USD) during Wednesday’s London session. The GBP/USD pair has dipped as the US Dollar regains some strength, with investors now focusing on the upcoming […]
USD/CAD Rebounds Above 1.3450 as Risk Sentiment Worsens Ahead of Fedspeak
USD/CAD Rebounds Above 1.3450 as Risk Sentiment Worsens Ahead of Fedspeak The USD/CAD pair has regained some ground, trading around 1.3460 during the early European session on Wednesday, breaking a three-day losing streak. This recovery is supported by a modest bounce-back in the US Dollar (USD). Market participants will look for further direction from speeches […]
Japanese Yen Strengthens as Traders Anticipate BoJ Rate Hike
Japanese Yen Strengthens as Traders Anticipate BoJ Rate Hike The Japanese Yen (JPY) continues to gain momentum for the second consecutive day as Bank of Japan (BoJ) Governor Kazuo Ueda’s hawkish comments stand in stark contrast to the dovish tone of Federal Reserve Chair Jerome Powell. In a speech to Parliament on Friday, Governor Ueda […]
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September The USD/CAD pair is experiencing selling pressure around the 1.3510 level on Monday during Asian trading hours. The US Dollar (USD) is edging lower after Federal Reserve (Fed) Chair Jerome Powell indicated that the time for interest rate cuts may be […]
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech The EUR/GBP pair continues its downward trend, trading near 0.8485 during early European trading hours on Friday. The decrease in expectations for a Bank of England (BoE) interest rate cut in September, following positive Purchasing Managers’ Index (PMI) data, is supporting the Pound Sterling (GBP) […]
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data After a brief recovery earlier in the day on Wednesday, the US Dollar Index reversed course during the American session, marking its fourth consecutive day of losses. As of Thursday’s European trading hours, all eyes are on the preliminary August PMI data from […]
Oil Edges Higher Ahead of Weekly Stockpile Reports
Oil Edges Higher Ahead of Weekly Stockpile Reports Oil prices are trading relatively flat on Wednesday after experiencing sharp declines over the past three sessions. The stabilization follows reports that a tanker in the Red Sea was attacked by Houthi rebels. Delta Tankers confirmed that its vessel, Sounion, sustained minor damage in the attack. This […]
How Responsible is the Polish Central Bank? – Commerzbank Analysis
How Responsible is the Polish Central Bank? – Commerzbank Analysis The Polish zloty weakened against the euro and other CE3 currencies yesterday after Poland’s Constitutional Court issued a controversial ruling. The court declared that NBP governor Adam Glapinski could not be held accountable by a parliamentary committee, the State Tribunal, or through any report by […]
How to Trade with MetaTrader WebTrader: A Comprehensive Guide
In the fast-paced world of online trading, having access to a reliable and versatile platform is essential. MetaTrader WebTrader, a browser-based version of the popular MetaTrader platform, offers traders the flexibility to trade from anywhere, without the need to download or install any software. This guide will walk you through the essentials of trading with […]
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs The EUR/USD pair is holding around 1.1080 during Tuesday’s Asian session, after easing back slightly from an eight-month high of 1.1087. This minor pullback is linked to a stronger US Dollar (USD) amid a rise in risk-averse sentiment. However, the USD might face challenges ahead as the […]
Why Reading Analyses is Essential for Trading
Over time, we’ve received comments questioning the necessity and usefulness of reading analyses for trading. These remarks have persisted for some time, so we’ve compiled a list of common criticisms along with responses to address each one. Why Should Traders Read Any Analysis? Forex trading is complex, and the world is full of variables that […]
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns West Texas Intermediate (WTI) crude oil prices are hovering around $75.30 per barrel during the Asian session on Monday, pressured by concerns over weakened demand from China, the world’s top oil importer. Recent data from China revealed that Industrial Production increased by 5.1% year-on-year in […]
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts The EUR/USD pair climbed to year-to-date (YTD) highs, nearing 1.1040, during early European trading on Monday. This rise is supported by a broad weakening of the US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) might cut interest rates in September. […]