EUR/USD Holds Near 1.1650 as Fed Rate Cut Bets Rise and ECB Maintains Policy Pause
The EUR/USD pair remains steady around the 1.1660 mark in Friday’s Asian session, following three consecutive days of gains. The Euro could see further upside as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve rate cut in September. According to the CME FedWatch tool, markets now price in a 93% chance […]
WTI Crude Bounces Back Above $64 on Inventory Drop and Hopes of US-Russia Talks
West Texas Intermediate (WTI) crude oil prices edged higher in early Asian trading on Thursday, climbing back above the $64.00 mark after a five-day losing streak. The rebound is supported by a larger-than-expected drawdown in US crude inventories and speculation about possible talks between the US and Russia amid escalating geopolitical tensions. As of writing, […]
EUR/USD Extends Rally as Dollar Weakens and Ukraine Peace Hopes Rise
The EUR/USD pair continued its upward momentum for a third straight session on Thursday, buoyed by renewed hopes of a Ukraine peace deal and a weakening US Dollar. Despite disappointing German economic data, the euro remained strong, supported by diplomatic developments and speculation around upcoming changes at the Federal Reserve. The euro climbed steadily from […]
EUR/GBP Drops Toward 0.8700 After Weak German Factory Orders
EUR/GBP is trading lower around 0.8700 in early European hours on Wednesday, pressured by soft Eurozone data. The Euro (EUR) slipped against the Pound Sterling (GBP) after disappointing Eurozone PMI figures. Traders now focus on June’s Eurozone Retail Sales report, due later in the day. Germany’s Federal Statistics Office reported a surprise decline in factory […]
Australian Dollar Slips Despite China’s Stronger Services PMI in July
The Australian Dollar (AUD) weakened for a second straight session on Tuesday, despite upbeat PMI data from both Australia and China. The AUD/USD pair lost ground as the US Dollar (USD) held firm amid shifting global trade dynamics and monetary policy expectations. Australia’s S&P Global Composite PMI rose to 53.8 in July from 51.6 in […]
Gold Pulls Back from One-Week High as Dollar Rebounds; Fed September Rate Cut Bets Provide Support
Gold prices (XAU/USD) slipped from the $3,369 mark—a level last seen over a week ago—during Monday’s Asian session, pausing a steady recovery from last week’s one-month low. The retreat comes as the US Dollar regains modest footing at the start of the week, supported by a small rebound in Treasury yields. This limited appetite for […]
EUR/USD Holds Firm Near 1.1570 as US Dollar Weakens on Data Credibility Concerns
The EUR/USD pair is holding steady near 1.1570 in Monday’s late Asian session, extending Friday’s gains as the US Dollar remains under pressure amid doubts over the reliability of official economic data. The US Dollar Index (DXY), which measures the Greenback against six major currencies, is trading cautiously around 98.70. Market sentiment toward the dollar […]
US Nonfarm Payrolls Expected to Show Slower Job Growth in July Amid Cooling Labor Market
A volatile trading week wraps up with the release of the highly anticipated US Nonfarm Payrolls (NFP) data for July, scheduled for Friday at 12:30 GMT. Published by the Bureau of Labor Statistics (BLS), the report offers a monthly snapshot of employment trends, including job creation, wage growth, and the unemployment rate—key metrics used by […]
USD/CAD Poised for Rally Toward 1.4000 as Carney Slams Trump’s Hiked Tariffs
The USD/CAD pair posts a fresh two-month high near 1.3870 on Friday. The Loonie pair strengthens as an increase in the tariff rate announced by United States (US) President Donald Trump on imports from Canada has weakened the Canadian Dollar (CAD). On Thursday, US President Trump unveiled a list, dictating tariff rates for nations that […]
Gold Price Rebounds from One-Month Low, Holds Above 100-Day SMA as USD Rally Stalls Post-Fed
Gold (XAU/USD) found renewed buying interest during Thursday’s Asian session, recovering slightly from the sharp decline seen after the Federal Reserve’s hawkish stance pushed it to a one-month low. The yellow metal is supported by a pause in the US Dollar’s (USD) rally, following its rise to a two-month high. The rebound comes as traders […]
EUR/USD Holds Above 1.1400 Ahead of Key Eurozone and US Economic Data
The EUR/USD pair finds modest support near the 1.1400 level during Thursday’s Asian session, as the US Dollar (USD) pauses its rally following a five-day winning streak. The pair shows signs of stability as traders take a cautious approach ahead of major economic releases from both the Eurozone and the United States. The US Dollar […]
US Dollar Index slips below 99.00 ahead of key Fed policy decision
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is trading around 98.80 during Wednesday’s Asian session, snapping a four-day winning streak. Investors are exercising caution ahead of the US Federal Reserve’s (Fed) interest rate decision later in the North American session. Markets widely expect the Fed to […]
GBP/USD steadies near 1.3350 as USD softens ahead of Fed rate decision
GBP/USD is trading slightly higher around 1.3360 during Wednesday’s Asian session after four consecutive days of losses. The pair is supported by a weaker US Dollar (USD) as markets await the US Federal Reserve’s (Fed) interest rate announcement later in the North American session. The Fed is widely expected to keep its benchmark rate unchanged […]
EUR/USD Struggles Below 1.1600 as US-EU Trade Deal Favors US Interests
The EUR/USD pair remains subdued in early Asian trading on Tuesday, hovering near 1.1590 after dropping over 1% in the previous session. The decline comes amid renewed US Dollar (USD) strength, fueled by optimism surrounding a new trade agreement between the United States and the European Union. Over the weekend, the US and EU reached […]
Gold Price Trades Sideways Near Multi-Week Low Amid Caution Ahead of FOMC Decision
Gold (XAU/USD) continues its consolidation phase during Tuesday’s Asian session, trading near the three-week low reached on Monday. The precious metal remains rangebound as markets adopt a cautious stance ahead of the two-day Federal Open Market Committee (FOMC) meeting starting later today. Meanwhile, the US Dollar (USD) has paused its recent rally, offering some support […]
Australian Dollar Extends Losses Amid Cautious Market Tone; Focus Shifts to Key Data and Trade Talks
The Australian Dollar (AUD) continued its downward trend against the US Dollar (USD) on Monday, marking a third straight session of losses. However, AUD/USD saw a brief uptick following the announcement of a new trade agreement between the United States and the European Union (EU). Market participants are closely monitoring the scheduled meeting between US […]
EUR/USD Price Outlook: Bullish Tone Intact Above 1.1700 and 100-SMA (H4)
EUR/USD started the week on a firm footing, rising toward the 1.1770 level during the Asian session amid renewed optimism surrounding a potential US-EU trade agreement. However, the pair is struggling to build on this momentum as traders remain cautious ahead of the two-day FOMC meeting beginning Tuesday and key U.S. economic data due later […]
Australian Dollar Extends Losses as US Dollar Firms Amid Trade Talks and Economic Data
The Australian Dollar (AUD) is under pressure for a second straight session on Friday, slipping further against the US Dollar (USD) after retreating from an eight-month high of 0.6625 reached on Thursday. The AUD/USD pair continues to face headwinds as global trade developments and cautious sentiment boost demand for the Greenback. US Dollar Gains on […]