Gold prices slip as traders cash out after record highs
Gold prices cooled off a bit in Asia on Monday. After smashing through another all-time high near $4,550, traders decided to pocket some profits. Not a huge surprise, honestly—everyone wants to lock in gains after a run like that. Plus, the market felt thin with the holidays, and the US dollar got a little stronger, […]
Australian Dollar Nears 14-Month High on Increased Rate-Hike Talk
On December 29, the Australian dollar rallied, with the AUD/USD pair hitting a 14-month high of 0.6727. What causes the jump? Markets are now betting more than ever that the Reserve Bank of Australia will need to raise interest rates in early 2026. It’s just that Australia’s inflation isn’t coming down, and traders think its […]
EUR/USD Keeps Above 1.1800 As It Retraces From Three-Month Peak
EUR/USD remains in a holding pattern—likely to continue. For the most part, the EUR/USD has wasted the recovery effort since bottoming at 1.1168 (three-month low) by inching closer to 1.1808 last week but so far failing short of reaching that high again for a second day. But narrow that gap, buyers have not let off the […]
Japanese Yen Slips Slightly From Weekly High; Upward Bias Remains
On Wednesday, the Yen saw a slight decline in value relative to the US dollar, immediately following its peak this week. Still, the overall mood around the Yen is pretty strong. Lately, it’s found steady support as the Dollar lost ground and investors hunted for safe places to park their money. With global tensions running […]
Silver Price Forecast: XAG/USD Near $70.00 on Safe-Haven Demand
Silver raced toward $70.00 — a new record high—before slipping just short of that level during Tuesday’s Asian session. Investors rushed into silver as a safe-haven asset amid rising global tensions. It was expected, given that headline news was dominated by uncertainty between the US and Venezuela, while ongoing attacks on energy infrastructure in Eastern […]
AUD/JPY Technical Analysis: Softens below 104.00 but Uptrend Remains Firm
AUD/JPY tried to push higher early in the European session but ran out of steam just before hitting 104.00. After bouncing from the ¥101 area, the pair hit some resistance that kept it in check. Most of that weakness came after Japanese officials surprised the market by warning they might step in if the Yen […]
Australian Dollar Advances as Markets Weigh RBA and Fed Signals
The Australian Dollar rose on Monday, remaining in positive territory as traders carefully analyzed mixed central bank cues from Asia and the US. The tone was still wary, but not negative. Instead, the market just leaned toward stability to revive the AUD. One early reprieve for the Australian Dollar was from China. The People’s Bank of China […]
Gold Prices Reach Record High Near $4,400 on Safe-Haven Flows
Due to a weak US dollar and increased demand for safe havens, gold prices surged above $4,400 at the beginning of early European trading on Monday. The metal, which trades on the XAU/USD pair, surged above $4,300 as investors fled amid increased global uncertainty and anticipation of future rate cuts by the Federal Reserve. Why […]
Australian Dollar falters as Strong USD and Rate Hikes Play on Traders’ Minds
On Wednesday, the Australian dollar continued its persistent slide versus the greenback for the fifth straight session. AUD/USD: Dismal Australian data hurt the Aussie. The AUD/USD pair is seen near 0.6630 at press time, with a couple of bearish setups eyeing further weakness this Wednesday, supported by a positive US Dollar and diminishing expectations of […]
EUR/USD Weekly Outlook: All Eyes on US Jobs and Inflation
The EUR/USD pair wrapped up last week, flirting with its recent highs, pushing toward 1.1760, and hanging onto most of those gains by Friday’s close. Don’t give the euro too much credit, though. It wasn’t really about European strength—just another round of US Dollar weakness after a jumble of economic reports and a Fed meeting […]
Gold Prices are Above $4,325 Amid Fed Outlook and Safe-Haven Flows
Gold prices rose to a higher level, pushing past $4,325 and reaching their strongest level in weeks. Investors keep piling in, betting that US interest rates are headed lower next year. This cautious vibe running through markets just won’t quit, keeping demand for safe-haven assets like gold alive and well. Right now, it’s all about […]
Japanese Yen Spikes as BoJ Revised Higher Rate Outlook
The Japanese Yen had a strong start to the week, and it’s getting some attention. The Bank of Japan now looks to be inching closer to raising interest rates, which has bolstered confidence in the currency. Business sentiment in Japan is recovering as well, so that adds additional fuel. In addition, right now, global investors are a little […]
Gold Prices Lose a Bit of Shine as Investors Find Their Nerve
Gold prices edged lower in Friday’s Asian trading, slipping from their recent highs as traders jumped back into riskier bets. Stocks looked lively, and that upbeat mood was enough to steal some of gold’s usual safe-haven spotlight. The US dollar picked up a little steam—not a huge move, but just enough to take the wind […]
WTI crude hovers near $58.20 as a stronger US Dollar drags oil prices down
WTI crude is trading close to $58.20 early Wednesday in Asia. Oil’s losing steam, and the main culprit is the US Dollar. After fresh US job data surprised everyone, the Dollar got a boost. Since oil’s priced in Dollars, a stronger Dollar usually makes crude more expensive for buyers using other currencies, so demand slips […]
AUD/JPY Weakens Following RBA’s Decision to Maintain Rates Above 3.6%
AUD/JPY in the early Asian hours on Tuesday floated near 103.20 levels, after the Reserve Bank of Australia (RBA) kept its Official Cash Rate at 3.6%. The cut had been widely anticipated by markets; however, the more dovish tone from officials helped keep mild pressure on the Aussie, dragging it through 103.50. RBA Cautious on Inflation Outlook […]
Gold Price Forecast: XAU/USD in Holding Pattern Ahead of FOMC Rate Decision
Gold traded in a tight range through the Asian session on Tuesday as traders adopted a risk-off approach ahead of the all-important FOMC interest rate decision. The precious metal has been range-bound for nearly a week as investors wait to see the timing and degree of the forthcoming policy loosening. The dollar and gold prices are […]
WTI Dips Below $60, But Downside Looks Limited
WTI crude slipped just under $60 on Monday, trading with a slightly negative vibe. Still, it’s hanging near the two-week high it hit on Friday, so sellers aren’t really taking over. The price has been climbing for three weeks straight, though you can tell buyers are getting a bit careful at these levels. Russian Supply […]
USD/CAD Stays Quiet Near 1.3950 as Traders Eye Canadian Jobs Data
USD/CAD barely budged around 1.3950 during Friday’s Asian hours. No one wanted to make a big move before Canada’s jobs numbers drop later today. The pair stuck to its range from Thursday, with everyone waiting for fresh economic clues that might sway the Bank of Canada’s next policy call. That labor report lands at 13:30 […]