Gold Steadies as Markets Weigh Trade Uncertainty and Fed’s Next Move
Gold isn’t budging much these days, resting up following last Friday’s decrease from peaks. It still has appeal because it appears to be waiting for the market to move in the direction that global trade tensions, discussions of lower interest rates, and political unrest are likely to take. Gold and other market traders are once […]
Australian Dollar Strengthens as China’s Economy Grows on a Year-on-Year Basis
Because China’s economy has expanded over the last year, the Australian Dollar rose in value. It climbed versus the US dollar on Monday, extending a two-day winning streak. Steady Chinese interest rates further bolster the Aussie’s standing against the greenback. China’s central bank kept key interest rates steady—3% for one year, 3.5% for five. Because […]
Oil Prices Fall 1% to 5-Month Low Ahead of Trump-Putin Summit
Thursday saw oil prices tumble more than 1%, hitting their lowest since springtime. Word is, this happened because oil traders are anticipating talks between the U.S. and Russia’s leaders. The meeting between Trump and Putin scheduled for Budapest is being held with the aim of resolving the conflict in Ukraine. Naturally, folks in oil trading […]
US Dollar Index Weakens Near 98.00 Amid US Shutdown and Fed Rate Cut Expectations
The dollar weakened for a fourth day running, hovering near 98.20 in Asia on Friday. This drop reflects investor unease stemming from the US government closure, alongside growing bets that the Fed will lower interest rates. All this is happening amidst difficulties resurfacing in relations between America and China. For three weeks, the U.S. government […]
GBP/JPY Rises Ahead of Important UK Economic Data
Thursday saw GBP/JPY climb, rising past 202.50 after an initial dip in Asia that put forex traders in pause mode. They are now waiting for key UK economic data before making their next moves. Given that recent job figures weren’t great, disappointing growth data may nudge the Bank of England toward further rate cuts. Consequently, […]
Gold Extends Record Rally as Traders Turn to Safe-Haven Assets
Gold prices (XAU/USD) continued to climb on Wednesday, hitting a new all-time high during the Asian session. The strong rally in gold comes as investors look for safe-haven assets amid growing global uncertainty. Concerns over renewed US-China trade tensions, the ongoing Russia-Ukraine conflict, and the US government shutdown have made gold a preferred choice for […]
Gold Hits Fresh Record High as Safe-Haven Demand Soars
Gold (XAU/USD) continued its unstoppable rally on Tuesday, climbing above the $4,100 mark and setting another all-time high. The metal remains strongly supported by renewed US-China trade tensions, ongoing geopolitical risks, and growing expectations of more Federal Reserve rate cuts—all factors that boost safe-haven demand. The recent US government shutdown and uncertainty around trade tariffs […]
Forex Update: Aussie Dollar Falls Despite Steady RBA Tone
The Australian Dollar (AUD) weakened slightly against the US Dollar (USD) on Tuesday as forex traders reacted to the Reserve Bank of Australia’s (RBA) September meeting minutes. The RBA maintained a cautious tone, noting that interest rates remain somewhat restrictive, though it’s hard to judge exactly how much. The RBA warned of continued economic risks, […]
Gold Holds Below $4,000 but Downside Looks Limited
Gold (XAU/USD) is trading under pressure, staying below the key $4,000 level during Friday’s Asian session. The precious metal has faced mild selling for a second straight day, but further losses seem limited as market factors continue to favor safe-haven assets. The US Dollar has eased slightly after reaching a two-month high, giving some relief […]
GBP/JPY Retreats from YTD High as Japan’s Verbal Intervention Boosts Yen
The British Pound-Japanese Yen (GBP/JPY) currency pair, a significant player in the forex market, is experiencing a notable pullback for the second consecutive day. This retreat, from its yearly high of around 205.30 reached earlier this week. It is a clear indication of the impact of Japan’s verbal intervention. As of Friday, the pair is […]
EUR/USD Goes up as US Dollar Weakens During Government Shutdown
After dropping for three days, the EUR/USD pair showed signs of recovery on Thursday, rising to about 1.1650 in the Asian session. The increase in the value of the Euro coincided with a decline in the US dollar as a result of the ongoing, more than week-long US government shutdown. A number of government agencies, […]
Crypto Market Goes Down as Traders Take Profits Amid Uncertainty
The crypto market, which dipped slightly a day earlier, slipped further on Wednesday. Popular cryptocurrencies like Cardano (ADA), Ethereum (ETH), Ripple (XRP), Bitcoin (BTC), and several memecoins saw significant price drops. Over $680 million worth of leveraged trades were liquidated across exchanges over the past day, according to data from CoinGlass. Approximately 77% of them […]
EUR/USD dips toward 1.1700 amid rising French political uncertainty
The EUR/USD pair extends its decline, trading near 1.1705 during Tuesday’s Asian session, as political turmoil in France weighs on the Euro (EUR). The resignation of newly appointed Prime Minister Sebastien Lecornu and his cabinet on Monday—just hours after the lineup was announced—has shaken investor confidence. Market participants now await Germany’s August Factory Orders and […]
Gold extends record rally above $3,900 amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) continues its powerful ascent, crossing the $3,900 mark during Monday’s Asian session and hitting a fresh record high. The rally is driven by growing expectations of additional interest rate cuts by the US Federal Reserve (Fed) and rising demand for safe-haven assets as the US government shutdown drags on. Meanwhile, Japan’s political shift […]
GBP/USD extends gains above 1.3430 as US shutdown weighs on Dollar
The GBP/USD pair advances modestly to around 1.3435 during Friday’s Asian session, supported by weakness in the US Dollar (USD). The Greenback comes under pressure as signs of a slowing US labor market emerge and the federal government enters a shutdown. Notably, the September Nonfarm Payrolls (NFP) report will not be released due to the […]
NZD/USD holds firm near one-week high as USD weakens
The NZD/USD pair found support near the 0.5800 level during the Asian session on Thursday, attracting fresh buying interest and extending its winning streak to a fifth straight day. The pair is currently trading around 0.5825–0.5830, just shy of its weekly peak, as it builds on the rebound from last week’s lows—the weakest since April […]
EUR/USD edges higher as US shutdown concerns pressure the Dollar
The EUR/USD pair rose more than 0.20% on Monday, supported by renewed concerns about a potential US government shutdown. Despite improved sentiment data in the Eurozone, the common currency’s advance remained modest. At the time of writing, the pair trades near 1.1726, after touching a daily low of 1.1701. Dollar weakens amid political deadlock in […]
EUR/USD Steadies Near 1.1750 Ahead of German Data and Fed Commentary
The EUR/USD pair is trading close to 1.1750 during Thursday’s Asian session, recovering from more than 0.5% losses seen in the previous day. Traders are cautious as they await the release of Germany’s GfK Consumer Confidence Survey later today. The Euro (EUR) came under pressure on Wednesday after the German IFO Business Climate Index dropped […]