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) […]
US Dollar Index Holds Above 98.00 Ahead of Fed Minutes
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, strengthened during Wednesday’s Asian session, trading near 98.30. The move comes as fading expectations of aggressive Federal Reserve (Fed) policy easing—following a stronger US wholesale inflation print—lend support to the currency. Earlier this month, weaker US employment data and […]
Gold Holds Modest Gains Ahead of US CPI; Bulls Remain Cautious
Gold prices (XAU/USD) are holding onto modest intraday gains during Tuesday’s Asian session but remain near Monday’s one-week low. The lack of strong upside momentum comes as traders await fresh catalysts, particularly the upcoming US consumer inflation report. Market sentiment has increasingly priced in the likelihood that the US Federal Reserve will restart its rate-cut […]
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 […]
Gold Price Consolidates Below $2,750 Amid Mixed Market Signals
Gold prices (XAU/USD) continue to trade within a narrow range near the $2,740 level during early European trading on Tuesday. The market remains influenced by conflicting factors, leaving traders hesitant to make strong directional moves. US President Donald Trump’s renewed trade tariff threats have sparked inflationary concerns, driving a modest rebound in US Treasury bond […]
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits The USD/CHF pair is trading lower around 0.8815 in early European trading on Friday, pressured by broad-based weakness in the US Dollar (USD). Market participants are focused on Switzerland’s Gross Domestic Product (GDP) data for the third quarter (Q3), set to be released later in […]
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI The EUR/USD pair remains confined to a tight range below the mid-1.0900s during Thursday’s Asian session, consolidating its recent losses after hitting a nearly two-month low the previous day. The U.S. Dollar (USD) is holding firm near its highest level since August […]
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus The Japanese Yen (JPY) continued to drift lower against the US Dollar (USD) on Wednesday, approaching levels last seen in mid-August. Recent economic data from Japan revealed that real wages declined in August after two consecutive months of gains, while household […]
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes The USD/CHF pair is trading higher, hovering around 0.8575 during early European trading on Wednesday. This strength comes from a firmer US Dollar (USD), supported by fading expectations of aggressive rate cuts by the Federal Reserve (Fed). Investors are now focused on the release of the […]
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.35 on Tuesday, continuing its rally as Hurricane Francine impacts oil production in the US Gulf of Mexico. The storm has caused significant disruptions, with the US Bureau of Safety and Environmental Enforcement […]
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields The Japanese Yen (JPY) remained steady against the US Dollar (USD) on Tuesday, supported by the hawkish outlook on the Bank of Japan’s (BoJ) interest rate policy. Traders are cautiously awaiting the BoJ’s policy decision on Friday, expecting rates to remain unchanged but […]
GBP/USD Consolidates Near 1.3200, Eyes US Retail Sales for Short-Term Direction
GBP/USD Consolidates Near 1.3200, Eyes US Retail Sales for Short-Term Direction The GBP/USD pair is trading within a tight range slightly above the 1.3200 mark during the Asian session on Tuesday, consolidating the strong gains from the previous day, which pushed it to a one-week high. Investors are cautious ahead of key central bank events: […]
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation The EUR/USD began the week on a positive trajectory, trading around 1.1090 during Monday’s Asian session. Investors are now closely watching the US Federal Reserve’s (Fed) highly anticipated policy decision later this week, with uncertainty surrounding the size of the potential rate cut. Markets remain split […]
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data The USD/CHF pair declines towards 0.8490 during early European trading on Monday. This drop is driven by a weaker US Dollar (USD) amid rising expectations that the US Federal Reserve (Fed) might cut interest rates in its September meeting. Upcoming economic data from Switzerland, including […]
Australian Dollar Advances on Improved Risk Sentiment
Australian Dollar Advances on Improved Risk Sentiment The Australian Dollar (AUD) has moved higher against the US Dollar (USD) on Tuesday, hovering just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair appears limited as traders anticipate diverging policy outlooks between the Reserve Bank of Australia (RBA) and the […]
Gold Price Holds Below $2,500 as Traders Await Powell’s Speech
Gold Price Holds Below $2,500 as Traders Await Powell’s Speech Gold (XAU/USD) is seeing some dip-buying on the last trading day of the week, partially recovering from Thursday’s over 1% drop to a weekly low. The US Dollar (USD) is struggling to build on its overnight rebound from the year-to-date low, due to expectations of […]
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move Gold price (XAU/USD) continues its sideways consolidation for the second consecutive day on Tuesday, remaining in a narrow range around the $2,500 psychological level as the European session approaches. A generally positive sentiment across global equity markets is acting as a headwind […]