Gold Buying Momentum Unstoppable as Geopolitical Risks and Fed Easing Bets Fuel Rally
Gold (XAU/USD) extended its winning streak for a fourth straight session on Tuesday, hitting fresh record highs above $3,870 during Asian trading. The safe-haven metal remains strongly bid as geopolitical tensions intensify and expectations of further US Federal Reserve rate cuts keep investors flocking to bullion. Safe-Haven Demand Drives Gold Higher Mounting geopolitical risks continue […]
EUR/USD edges higher as US shutdown concerns pressure the Dollar
The EUR/USD pair rose more than 0.20% on Monday, supported by renewed concerns about a potential US government shutdown. Despite improved sentiment data in the Eurozone, the common currency’s advance remained modest. At the time of writing, the pair trades near 1.1726, after touching a daily low of 1.1701. Dollar weakens amid political deadlock 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 […]
EUR/USD strengthens above 1.1650 ahead of US PCE inflation data
The EUR/USD pair advanced to around 1.1680 during Friday’s Asian session, supported by broad weakness in the US Dollar (USD). However, investor sentiment is expected to turn cautious ahead of the release of the US August Personal Consumption Expenditures (PCE) Price Index, a key inflation gauge closely watched by the Federal Reserve (Fed). Fed officials […]
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 […]
EUR/USD Steadies Near 1.1750 Ahead of German Data and Fed Commentary
The EUR/USD pair is trading close to 1.1750 during Thursday’s Asian session, recovering from more than 0.5% losses seen in the previous day. Traders are cautious as they await the release of Germany’s GfK Consumer Confidence Survey later today. The Euro (EUR) came under pressure on Wednesday after the German IFO Business Climate Index dropped […]
GBP/USD eases toward 1.3500 as UK PMI data disappoints
The Pound Sterling (GBP) edged lower against the US Dollar (USD) in early European trading on Wednesday, with GBP/USD slipping to around 1.3510. The move came after the latest UK S&P Global flash PMI figures for September revealed weaker-than-expected economic activity. Traders now await remarks from Bank of England (BoE) External Member Megan Greene, due […]
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 steadies near 1.1800 as traders eye US PMIs and Powell
EUR/USD is trading just shy of the 1.1800 mark in the European session, last seen at 1.1795 after recovering from intraday lows near 1.1785. The Euro found mild support from mixed Eurozone PMI data, though investors remain cautious ahead of key US releases — the flash PMI readings and Fed Chair Jerome Powell’s speech later […]
Australian Dollar Holds Steady as Fed Cuts Loom, RBA Seen on Pause
The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Wednesday after two days of gains, though downside pressure remains limited. Rising expectations of multiple Federal Reserve (Fed) rate cuts could weigh on the greenback and help support AUD/USD. US Data and Fed Outlook US Retail Sales rose 0.6% month-on-month in August, matching […]
WTI Price Forecast: Holding Steady Around $64.00, Bulls Retain Control
West Texas Intermediate (WTI) crude oil prices are consolidating near the $64.00 mark in Wednesday’s Asian session after three days of recovery gains. The commodity remains supported by concerns over potential Russian supply disruptions. Technical Outlook From a chart perspective, Tuesday’s breakout above a short-term ascending trend channel—formed from this month’s multi-month low—has strengthened the […]
EUR/USD edges higher toward 1.1800 ahead of key Eurozone and German data
EUR/USD is extending its gains for the fourth straight session, trading near 1.1780 during Asian hours on Tuesday. The Euro (EUR) is strengthening as markets await the release of Eurozone Industrial Production figures for July and Germany’s ZEW Economic Sentiment Survey for September. Support for the common currency comes from hawkish remarks by European Central […]
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 […]