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 […]
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 […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]
EUR/CAD holds gains above 1.6100 ahead of Canadian jobs report
The EUR/CAD pair continued its upward momentum for a third consecutive session on Friday, trading slightly higher near 1.6115 during the late Asian hours. The move comes as traders await Canada’s August employment data, scheduled for release at 12:30 GMT. Markets anticipate the report will show a modest increase of 7.5K jobs, following July’s sharp […]
Gold eases from record highs as USD recovery tempers bullish momentum
Gold (XAU/USD) extended its two-week rally to reach a fresh record high around the $3,546–3,547 zone during Asian trading on Wednesday. Expectations of a Federal Reserve rate cut this month, coupled with ongoing trade uncertainties, have underpinned demand for the non-yielding safe-haven asset. However, gains slowed as the US Dollar (USD) maintained its recovery for […]
EUR/USD falls toward 1.1600 ahead of Eurozone PMI release
EUR/USD extended its decline for a second consecutive session on Wednesday, hovering near 1.1620 during Asian trading hours. Investors are now awaiting the release of HCOB Purchasing Managers’ Index (PMI) data from both Germany and the broader Eurozone later in the day. The pair weakened as the US Dollar (USD) gained traction on the back […]
GBP/JPY revisits 200.00 as Japanese Yen weakens on BoJ policy uncertainty
The GBP/JPY pair reclaimed the key 200.00 mark during Tuesday’s Asian session, supported by broad Japanese Yen (JPY) underperformance as doubts grow over the Bank of Japan’s (BoJ) next policy move. Concerns about Japan’s domestic economy continue to weigh on expectations for further BoJ tightening. Last week, policymaker Junko Nakagawa cautioned that “many uncertainties remain,” […]
EUR/USD slips toward 1.1650 ahead of German data releases
EUR/USD extends its decline for a fourth consecutive session, trading near 1.1660 during Asian hours on Friday. Investors are awaiting Germany’s July Retail Sales and the flash Consumer Price Index (CPI) report for August later in the day. Attention will then turn to the US July Personal Consumption Expenditures (PCE) Price Index, due during the […]
NZD/USD steadies above 0.5860 ahead of key US GDP data
The NZD/USD pair is trading steadily around 0.5860 during Thursday’s early Asian session. Market sentiment remains cautious as concerns grow over the US Federal Reserve’s (Fed) independence following President Donald Trump’s decision to remove Fed Governor Lisa Cook on allegations of mortgage-related misconduct. Investors are closely watching the political developments, with Trump indicating on Tuesday […]
Gold Under Pressure Amid Profit-Taking and Dollar Strength
Gold (XAU/USD) remains on the back foot during early European hours on Wednesday, retreating from a two-week high near $3,395. The pullback comes as traders book profits and the US Dollar stages a modest rebound. That said, downside risks for the precious metal could be cushioned by growing concerns over the US Federal Reserve’s independence. […]
EUR/GBP edges lower near 0.8650 ahead of German GDP data
The EUR/GBP pair trades with modest losses around 0.8650 in early European hours on Friday, as the Pound Sterling (GBP) finds support from expectations that the Bank of England (BoE) may refrain from additional rate cuts this year. Investors now await Germany’s second-quarter (Q2) Gross Domestic Product (GDP) release due later in the day. UK […]
Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand
Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled that officials remain more concerned about inflation than the labor market. The hawkish tone has […]
EUR/USD Holds Losses Near 1.1650 Ahead of Key Eurozone PMI Data
The EUR/USD pair remains under pressure, trading around 1.1640 during Thursday’s Asian session after modest gains in the previous day. The Euro weakens against the US Dollar as markets await the release of HCOB Purchasing Managers’ Index (PMI) figures from Germany and the broader Eurozone. Germany’s PMI data is due at 07:30 GMT, with the […]
NZD/USD Drops Toward 0.5850 After RBNZ Rate Cut
The New Zealand Dollar (NZD) continued its losing streak for a third straight session on Wednesday, with NZD/USD slipping toward 0.5850 during Asian trading hours. The decline followed the Reserve Bank of New Zealand’s (RBNZ) decision to lower its Official Cash Rate (OCR) by 25 basis points to 3.00%, in line with market expectations. Meanwhile, […]
GBP/USD edges lower toward 1.3500 as Fed cut bets ease
The GBP/USD pair trades on a softer note near the 1.3500 mark during Tuesday’s early European session. The US Dollar (USD) gains modestly against the Pound Sterling (GBP) as traders scale back expectations of a Federal Reserve (Fed) rate cut at the September 16–17 policy meeting. Attention now shifts to the UK’s July Consumer Price […]
Gold rebounds from two-week low ahead of Trump–Zelensky talks
Gold (XAU/USD) bounced back from a two-week low near the $3,324 region in early Asian trading on Monday, climbing to fresh daily highs. The recovery was supported by growing conviction that the U.S. Federal Reserve will resume rate cuts in September, weighing on Treasury yields and lending support to the safe-haven metal. Repositioning ahead of […]
EUR/USD slips below 1.1700, Fed’s dovish outlook limits downside
EUR/USD edged lower in Asian trading on Monday, slipping to around 1.1690 after posting 0.5% gains in the previous session. While the pair is under mild pressure, the downside appears capped as the U.S. Dollar (USD) struggles under the weight of the Federal Reserve’s dovish policy expectations ahead of its September meeting. Traders are now […]