Australian Dollar steadies as markets eye Michigan Consumer Sentiment
The Australian Dollar (AUD) held firm against the US Dollar (USD) on Friday, consolidating after two straight sessions of gains. The AUD/USD pair traded near 0.6660, supported by risk-on sentiment and rising bets of a Federal Reserve (Fed) rate cut next week. Softer US labor data has overshadowed hotter inflation, with investors also raising the […]
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 […]
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) […]
NZD/USD steady above 0.5900 despite weak Chinese CPI data
The NZD/USD pair remains firm near 0.5930 during Wednesday’s Asian session, with the New Zealand Dollar holding its ground against the US Dollar despite softer-than-expected Chinese inflation figures. Traders now shift focus to the upcoming US Producer Price Index (PPI) data for August, due later in the day. Fresh data from China’s National Bureau of […]
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 […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]
US Nonfarm Payrolls expected to rise by 75K in August amid labor market slowdown concerns
The US Bureau of Labor Statistics (BLS) will release the closely watched Nonfarm Payrolls (NFP) report for August on Friday at 12:30 GMT. The data is set to play a decisive role in shaping expectations for the Federal Reserve’s upcoming interest rate decision later this month. Market expectations Economists project that Nonfarm Payrolls will rise […]
EUR/CAD holds gains above 1.6100 ahead of Canadian jobs report
The EUR/CAD pair continued its upward momentum for a third consecutive session on Friday, trading slightly higher near 1.6115 during the late Asian hours. The move comes as traders await Canada’s August employment data, scheduled for release at 12:30 GMT. Markets anticipate the report will show a modest increase of 7.5K jobs, following July’s sharp […]
GBP/USD slips below 1.3450 ahead of US ISM Services PMI release
The GBP/USD pair extended its decline to around 1.3430 during Asian trading hours on Thursday, with the Pound Sterling (GBP) under pressure against the US Dollar (USD) amid renewed concerns over the UK’s fiscal outlook. Later in the day, focus will shift to key US data releases, including weekly Initial Jobless Claims, the ADP Employment […]
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 […]
EUR/USD falls toward 1.1600 ahead of Eurozone PMI release
EUR/USD extended its decline for a second consecutive session on Wednesday, hovering near 1.1620 during Asian trading hours. Investors are now awaiting the release of HCOB Purchasing Managers’ Index (PMI) data from both Germany and the broader Eurozone later in the day. The pair weakened as the US Dollar (USD) gained traction on the back […]
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,” […]
AUD/USD climbs toward 0.6550 as US Dollar weakens ahead of key labor data
The AUD/USD pair surged to around 0.6560 in Monday’s European session, supported by broad weakness in the US Dollar (USD). The Greenback continues to lose ground as markets increasingly expect the Federal Reserve (Fed) to cut interest rates at its upcoming policy meeting this month. At the time of writing, the US Dollar Index (DXY) […]
Gold eases on profit-taking; US PCE data in focus
Gold (XAU/USD) edged lower during early European trading hours on Friday, retreating from a five-week high near $3,425 reached in the prior session. The decline comes amid profit-taking and a firmer US Dollar (USD), supported by upbeat US economic data. The latest US GDP report showed the economy expanded at an annualized pace of 3.3% […]
EUR/USD slips toward 1.1650 ahead of German data releases
EUR/USD extends its decline for a fourth consecutive session, trading near 1.1660 during Asian hours on Friday. Investors are awaiting Germany’s July Retail Sales and the flash Consumer Price Index (CPI) report for August later in the day. Attention will then turn to the US July Personal Consumption Expenditures (PCE) Price Index, due during the […]
WTI slips below $63.50 as summer demand fades
West Texas Intermediate (WTI) crude is trading near $63.40 per barrel in Thursday’s Asian session, paring back gains from the previous day. Oil prices eased as traders assessed softening United State fuel demand with the summer driving season nearing its end. The latest US Energy Information Administration (EIA) data showed crude inventories fell by 2.39 […]
NZD/USD steadies above 0.5860 ahead of key US GDP data
The NZD/USD pair is trading steadily around 0.5860 during Thursday’s early Asian session. Market sentiment remains cautious as concerns grow over the US Federal Reserve’s (Fed) independence following President Donald Trump’s decision to remove Fed Governor Lisa Cook on allegations of mortgage-related misconduct. Investors are closely watching the political developments, with Trump indicating on Tuesday […]
GBP/USD Slips Toward 1.3450, Rate-Cut Bets Support Sterling
GBP/USD pulls back in Asian trading on Wednesday, hovering near 1.3450 after giving up part of the previous session’s gains. Despite the dip, the Pound Sterling (GBP) retains underlying support as fading expectations for further Bank of England (BoE) rate cuts help cushion downside pressure. UK inflation has been climbing at a faster pace in […]