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 […]
EUR/USD Slips Below Mid-1.1700s as Stronger Dollar and Trade Concerns Weigh
The EUR/USD pair edged lower for a second consecutive day on Friday, retreating from a near three-week high reached earlier. At the time of writing, the pair is hovering around the 1.1740 mark, down slightly by less than 0.10% on the day, with limited follow-through selling pressure. Despite the European Central Bank’s (ECB) decision to […]
EUR/USD Climbs Above 1.1750 Ahead of ECB Rate Decision
The EUR/USD pair continued its upward momentum on Thursday, rising toward 1.1775 in early European trading. The Euro gained strength against the US Dollar amid growing optimism over a potential trade agreement between the European Union (EU) and the United States (US). Hopes are rising that both sides may reach a deal that includes a […]
GBP/USD Climbs Above 1.3500 Amid Risk-On Sentiment and Weaker Dollar Outlook
The GBP/USD pair continued its upward momentum on Wednesday, rising toward 1.3525 during the early European trading hours. A positive risk appetite in global markets is fueling demand for risk-sensitive currencies like the British Pound, helping it strengthen against the US Dollar. Investor focus is now shifting to Thursday’s release of the UK’s preliminary PMI […]
Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm
The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]
Japanese Yen Struggles as Election Results Dampen BoJ Rate Hike Outlook
The Japanese Yen (JPY) opened the week with fresh selling pressure, giving up early gains despite a bullish gap in Monday’s Asian session. The currency remains weighed down by domestic political uncertainty following Sunday’s upper house election, which dealt a significant setback to the ruling coalition. The loss raised fears of fiscal slippage, with opposition […]
GBP/USD Forecast: Pair Holds Above 1.3400 Despite Lingering Bearish Sentiment
The GBP/USD pair is trading slightly higher for the second consecutive session, hovering near 1.3420 during Monday’s Asian session. However, the overall outlook remains bearish, with technical indicators on the daily chart showing the pair still confined within a descending channel. The 14-day Relative Strength Index (RSI) remains below the neutral 50 mark, reinforcing the […]
Gold Struggles Below $3,300 as Fed Rate Cut Hopes Dim Ahead of FOMC Minutes
Gold (XAU/USD) dipped to a one-and-a-half-week low near $3,284 during the Asian trading session on Wednesday, weighed down by a stronger US Dollar and rising Treasury yields. Investors are increasingly convinced that recent US tariff hikes may fuel inflation, prompting the Federal Reserve to keep interest rates elevated for longer. The firmer Greenback, bolstered by […]
Gold Price Climbs Steadily, Eyes Record High Amid Trade War Concerns
Gold (XAU/USD) extends its intraday rally, reaching the $2,880 region during the Asian session on Monday. The gains come in response to US President Donald Trump’s plan to impose new 25% tariffs on all steel and aluminum imports, reigniting fears of a global trade war and driving demand for the safe-haven precious metal. Additionally, concerns […]
Gold Price Bulls Hold Firm, But Overbought Conditions Suggest Caution
Gold (XAU/USD) continues its upward trajectory through the Asian session on Wednesday, reaching a fresh all-time high near $2,858. Concerns about the economic impact of US President Donald Trump’s trade tariffs continue to drive demand for the safe-haven metal. Furthermore, predictions that the Federal Reserve (Fed) would continue its easing cycle, backed by signs of […]
EUR/USD Struggles for Clear Direction, Stays Range-Bound Near 1.0375-1.0380
The EUR/USD pair continues in consolidation mode, failing to build on its recent recovery from the 1.0200 region—the lowest level since January 13. After reaching a weekly high earlier on Wednesday, the pair is fluctuating within a narrow range around 1.0375-1.0380, showing little change for the day amid mixed market signals. Tuesday’s Job Openings and […]
Australian Dollar Slips as US Tariffs on China Take Effect
The Australian Dollar (AUD) falls for the seventh consecutive day as the US Dollar (USD) strengthens following President Donald Trump’s 10% tariff on Chinese imports. Market volatility remains high as investors monitor the continuing US-China trade talks. Trump signaled he may speak with Chinese officials within the next 24 hours, warning that if a deal […]
GBP/USD Holds Above 1.2400 as Markets Watch China Tariff Developments
GBP/USD extends its gains for a second consecutive session, trading around 1.2430 during Asian market hours on Tuesday. With the decision by U.S. President Donald Trump to pause tariffs on Mexico and Canada , the pair benefits from a risk-on sentiment . Despite this, investors continue to pay close attention to ongoing […]
Gold Price Trims Intraday Losses but Remains Below $2,800 Amid Stronger USD
The gold price (XAU/USD) recovers some of its losses following the strong Asian session sell-off but remains in negative territory, hovering around $2,785, down about 0.60% for the day. The recent rise in the US Dollar (USD), fueled by President Donald Trump’s decision to impose tariffs on Canada, Mexico, and China, has pushed the greenback […]
Japanese Yen Recovers Some Losses Against USD; Bullish Outlook Remains Intact
The Japanese yen (JPY) cut some of its intraday losses against the US dollar (USD) on Monday, bringing the USD/JPY pair back below the mid-155.00s during the early European session. The Bank of Japan’s (BoJ) Summary of Opinions showed conversations about the possibility of further hikes in interest rates. Furthermore, Tokyo’s core inflation increased at […]
EUR/USD Slumps to Multi-Week Low Near 1.0200 Amid Trump’s Trade Tariffs
The EUR/USD pair extends its decline on Monday, plunging to the 1.0200 region—a three-week low—during the early Asian session. This drop brings the pair closer to its lowest level in over two years, last seen in January, reinforcing the ongoing multi-month downtrend. The US Dollar (USD) gains broad strength following President Donald Trump’s weekend announcement […]
Japanese Yen Maintains Strong Bullish Momentum; USD/JPY Struggles Below 154.50
The Japanese Yen (JPY) continues to strengthen in early European trading on Thursday, pushing USD/JPY further below 154.50 and closer to its one-month low from earlier this week. Market expectations that the Bank of Japan (BoJ) will hike interest rates again by year-end continue to support the JPY. Additionally, a fresh decline in US Treasury […]