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 […]
EUR/USD stays weak near 1.1700 but downside limited by Fed rate cut hopes
EUR/USD is trading around 1.1720 during Monday’s Asian session, giving back some of last session’s gains. However, the downside seems restricted as the US Dollar (USD) faces pressure amid rising expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets now price in a 95% chance of a rate cut in […]
Australian Dollar steadies as traders await US PMI data, 0.6600 in focus
The Australian Dollar (AUD) holds near 0.6590 against the US Dollar (USD) on Friday, consolidating after recent losses. The pair remains steady following the release of Australia’s latest economic data, with traders cautious ahead of key US PMI figures. Australia’s September Composite PMI fell to 52.4 from 55.5 in August, marking a full year of […]
GBP/USD extends gains above 1.3430 as US shutdown weighs on Dollar
The GBP/USD pair advances modestly to around 1.3435 during Friday’s Asian session, supported by weakness in the US Dollar (USD). The Greenback comes under pressure as signs of a slowing US labor market emerge and the federal government enters a shutdown. Notably, the September Nonfarm Payrolls (NFP) report will not be released due to the […]
Gold steadies near record highs as dovish Fed outlook weighs on USD
Gold (XAU/USD) is trading sideways in the Asian session on Thursday, consolidating just below the all-time peak reached a day earlier. Market reaction to the partial US government shutdown remains limited, as investors expect minimal economic fallout. This has kept risk sentiment supported and discouraged aggressive safe-haven buying, particularly with gold already in heavily overbought […]
Japanese Yen Holds Firm as BoJ’s Hawkish Stance Diverges From Fed Outlook
The Japanese Yen (JPY) trades cautiously during Wednesday’s Asian session, though the absence of strong follow-through selling suggests limited downside for now. Hawkish commentary from the Bank of Japan’s (BoJ) September meeting Summary of Opinions continues to bolster expectations of policy normalization, offering support to the safe-haven JPY. This, coupled with rising geopolitical risks and […]
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 […]
WTI holds above $65.00, trades near three-week highs amid pressure on Russian oil
West Texas Intermediate (WTI) crude extended its rally for the fourth straight session on Friday, hovering around $65.10 per barrel during Asian trading. Prices touched a near three-week high as supply concerns deepened, fueled by escalating pressure on Russian oil linked to the ongoing Ukraine conflict. US President Donald Trump urged Turkish President Recep Tayyip […]
Gold Holds Range as Traders Await Fed Guidance; $3,700 Seen as Key Level
Gold (XAU/USD) traded in a narrow range below $3,750 during Thursday’s Asian session, extending its sideways movement but staying above Wednesday’s swing low. The metal remains under pressure from Federal Reserve (Fed) Chair Jerome Powell’s cautious remarks earlier this week, which tempered expectations for aggressive policy easing. Still, geopolitical risks and a weaker outlook for […]
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/USD stays capped below 1.1750 ahead of Michigan Consumer Sentiment release
The EUR/USD pair edged lower to around 1.1725 during Friday’s Asian session, weighed down by renewed US Dollar (USD) strength. Still, downside momentum may remain limited as traders increasingly anticipate a Federal Reserve (Fed) rate cut next week. Focus now turns to Germany’s August Harmonized Index of Consumer Prices (HICP) and the University of Michigan […]
Gold eases as risk appetite improves and USD ticks higher, focus shifts to US CPI
Gold (XAU/USD) faced mild selling pressure in Asian trading on Thursday, retracing part of the prior session’s gains. The retreat was driven by upbeat sentiment across global equities and a modest uptick in the US Dollar (USD), which together limited demand for the safe-haven metal. That said, expectations of a Federal Reserve (Fed) rate cut […]
EUR/USD holds near 1.1700 as soft US PPI boosts Fed rate cut bets
The EUR/USD pair is steady around 1.1700 on Wednesday as markets digest fresh US economic data. A softer US inflation print weakened the Dollar, reinforcing expectations of a Federal Reserve (Fed) rate cut and keeping the pair within familiar ranges. Euro steadies as weak PPI weighs on the Dollar The US Producer Price Index (PPI) […]
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 eases from record highs as USD recovery tempers bullish momentum
Gold (XAU/USD) extended its two-week rally to reach a fresh record high around the $3,546–3,547 zone during Asian trading on Wednesday. Expectations of a Federal Reserve rate cut this month, coupled with ongoing trade uncertainties, have underpinned demand for the non-yielding safe-haven asset. However, gains slowed as the US Dollar (USD) maintained its recovery for […]
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 […]
EUR/USD Price Forecast: Testing a Key Trendline Above 1.1700
The EUR/USD pair is holding onto Friday’s momentum, trading slightly above 1.1700 during the early European session on Monday. The common currency shows resilience as the US Dollar (USD) weakens, pressured by Federal Reserve Chair Jerome Powell’s remarks suggesting the possibility of interest rate cuts amid rising labor market concerns. The US Dollar Index (DXY), […]