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 […]
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 […]
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive day on Monday, driven by improved risk sentiment and a hawkish outlook from the Reserve Bank of Australia (RBA). Investors are now eagerly awaiting the RBA Meeting […]
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. […]
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus The Japanese Yen (JPY) rebounded against the US Dollar (USD) on Friday, likely bolstered by Japan’s strong second-quarter GDP growth, which fuels speculation about a potential interest rate hike from the Bank of Japan (BoJ). However, the Yen may face headwinds due to political […]
Gold Price Awaiting US Macro Data for Potential Gains
Gold Price Awaiting US Macro Data for Potential Gains Gold prices (XAU/USD) saw a decline on Wednesday as investors adjusted their expectations for the Federal Reserve’s (Fed) policy after the release of US consumer inflation data. However, persistent geopolitical tensions in the Middle East, expectations of the Fed initiating a rate-cutting cycle soon, and a […]
Oil Retreats as Markets Shift Focus to Demand Concerns
Oil Retreats as Markets Shift Focus to Demand Concerns Oil prices declined on Tuesday, ending a five-day rally as the market shifted its focus back to concerns over demand, following OPEC’s recent downward revision of its 2024 demand growth forecast due to weaker expectations in China. Global benchmark Brent crude futures dropped by 57 cents, […]
What’s Moving Markets: US CPI, Retail Earnings, and UK Inflation
What’s Moving Markets: US CPI, Retail Earnings, and UK Inflation Wall Street is poised to start the week slightly higher as investors closely watch the latest inflation data, seeking confirmation that the Federal Reserve might begin cutting interest rates in September. While the quarterly earnings season is winding down, the retail sector will take center […]
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data Asian stock markets saw gains on Friday as fears of an imminent U.S. recession eased, bolstered by mildly encouraging inflation data from China, which lifted investor sentiment. However, despite the upbeat session, regional markets were still on track to post weekly losses, having experienced […]
Australian Dollar Appreciates Amid Hawkish Sentiment Surrounding RBA
Australian Dollar Appreciates Amid Hawkish Sentiment Surrounding RBA The Australian Dollar (AUD) strengthened against the US Dollar (USD) following comments from Reserve Bank of Australia (RBA) Governor Michele Bullock on Thursday. Bullock emphasized the need to remain vigilant about inflation risks, indicating the possibility of further rate hikes if necessary. She noted that inflation might […]
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength The EUR/USD pair is trading lower around 1.0915 after pulling back from seven-month highs near 1.1008 during the Asian session on Wednesday. A stronger US Dollar (USD) is putting downward pressure on the pair. Investors are now looking ahead to Germany’s June Trade Balance and […]
Gold Price Trades with Modest Losses Below $2,400, Downside Potential Appears Limited
Gold Price Trades with Modest Losses Below $2,400, Downside Potential Appears Limited Gold (XAU/USD) is struggling to build on the previous day’s rebound from the 50-day Simple Moving Average (SMA) support around the $2,365-$2,364 region, a one-week low, attracting some intraday selling pressure on Tuesday. The dip is driven by renewed US Dollar (USD) strength, […]
Australian Dollar Rises After Hawkish Remarks from RBA Governor Bullock
Australian Dollar Rises After Hawkish Remarks from RBA Governor Bullock The Australian Dollar (AUD) has strengthened following the Reserve Bank of Australia’s (RBA) recent monetary policy decision on Tuesday. The RBA opted to keep the Official Cash Rate (OCR) steady at 4.35% for the sixth consecutive time. After the decision, RBA Governor Michele Bullock spoke […]
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data EUR/JPY continues its downtrend for the sixth consecutive day, trading around 156.90 during the early European session on Monday. However, the pair has trimmed some of its intraday losses after the release of key economic data, including the Eurozone Producer Price Index (PPI) and Germany’s Purchasing Managers’ […]
China’s Central Bank to Adjust Temporary Repos Based on Market Conditions
China’s Central Bank to Adjust Temporary Repos Based on Market Conditions The People’s Bank of China (PBOC) has announced measures to exert greater control over market interest rates by implementing additional open market operations and tightening the range within which short-term rates can fluctuate. The PBOC will now conduct bond repurchase or reverse repurchase operations […]
USD/CHF Extends Losses Amid Rising Fed Rate Cut Prospects
USD/CHF Extends Losses Amid Rising Fed Rate Cut Prospects The USD/CHF pair continues its decline for the fourth consecutive trading day on Monday, staying below the key psychological level of 0.9000. This decline is primarily driven by a weakening US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) will shift towards policy normalization […]
Pound Holds Steady as Labour Eyes Election Majority
Pound Holds Steady as Labour Eyes Election Majority UK equity-index futures rose, and the pound maintained its recent gains following an exit poll suggesting the Labour Party will secure a clear mandate for greater economic stability. Contracts on the FTSE 100 Index increased by 0.2%, while the pound remained steady around $1.276. Early results indicated […]