Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar The Australian Dollar (AUD) maintained a steady position on Monday after paring earlier gains as the US Dollar (USD) continued to undergo a corrective pullback. The USD’s downward trajectory was partly driven by optimism in bond markets following President-elect Donald Trump’s nomination of Scott […]
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level Gold price (XAU/USD) saw a sharp intraday decline on Monday after briefly touching a nearly three-week high around the $2,721-$2,722 level. This drop ended the metal’s five-day winning streak, driven by a shift in market sentiment toward risk-on assets. The decline in gold prices coincided […]
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows The EUR/USD pair has rebounded from its two-year low of 1.0332 recorded last Friday, trading near 1.0480 during Monday’s Asian session. This recovery is largely attributed to a correction in the US Dollar (USD), even as strong preliminary S&P Global US Purchasing Managers’ Index (PMI) […]
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions West Texas Intermediate (WTI), the US benchmark for crude oil, is trading around $70.25 on Friday, recovering slightly as heightened fears of supply disruptions stemming from the Russia-Ukraine conflict bolster prices. Geopolitical Developments Drive Oil Prices Higher Rising tensions in Eastern Europe have been a key driver […]
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while […]
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda The Japanese Yen (JPY) holds its modest gains against the US Dollar (USD), with the USD/JPY pair trading near the 155.00 mark during Thursday’s Asian session. Intervention fears and geopolitical uncertainties, coupled with speculation about potential monetary policy tightening by the […]
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand The EUR/USD pair has edged higher, trading around 1.0550 during Thursday’s Asian session, following losses in the previous session. However, upside momentum remains limited as safe-haven flows gain strength due to escalating geopolitical tensions between Russia and Ukraine. According to Reuters, Ukraine deployed British Storm Shadow […]
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WTI Crude Holds Above $69 on Rising Supply Concerns Amid Russia-Ukraine Tensions
WTI Crude Holds Above $69 on Rising Supply Concerns Amid Russia-Ukraine Tensions West Texas Intermediate (WTI) crude oil continues its upward momentum, trading around $69.20 per barrel during Tuesday’s Asian session, marking its second consecutive day of gains. The rally is fueled by heightened supply concerns stemming from the escalating Russia-Ukraine conflict. Over the weekend, […]
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking The EUR/USD pair remains steady with a positive bias around the 1.0600 mark during Tuesday’s Asian session. The pair’s upward momentum appears supported by a softer US Dollar (USD), which is undergoing profit-taking after its recent rally. Despite the USD’s pullback, its downside remains limited […]
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy The Australian Dollar (AUD) remained stable against the US Dollar (USD) after the release of the Reserve Bank of Australia’s (RBA) November Meeting Minutes on Tuesday. The minutes underscored the board’s cautious stance on inflation, emphasizing the continued need for restrictive monetary policy […]
Japanese Yen Bears Show Resilience Despite Intervention Concerns
Japanese Yen Bears Show Resilience Despite Intervention Concerns The Japanese Yen (JPY) has clawed back much of its earlier losses against the US Dollar (USD), with the USD/JPY pair stabilizing in the mid-154.00s as the European session begins on Monday. Fears of intervention by Japanese authorities to bolster the Yen, combined with heightened geopolitical tensions, […]
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech The EUR/USD pair remains stable, trading slightly above the psychological support level of 1.0500 at the start of the week. The currency pair consolidates as the US Dollar (USD) rally pauses after hitting a fresh annual high. The US Dollar Index (DXY), which measures the Greenback against […]
What is CPI in Forex, and How Can You Use It for Trading?
The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy decisions by central banks. For forex traders, CPI data is particularly valuable because […]
WTI Holds Steady Near $68.50 Amid US Dollar Strength
WTI Holds Steady Near $68.50 Amid US Dollar Strength West Texas Intermediate (WTI), the benchmark for US crude oil, trades near $68.40 on Friday, maintaining stability as a sharp drop in US gasoline inventories counterbalances concerns about an oversupply. According to the latest report from the Energy Information Administration (EIA), US crude stocks rose by […]
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar The Japanese Yen (JPY) continues to weaken against the US Dollar (USD), marking its fourth consecutive day of losses on Thursday, as it dips below the 156.00 level for the first time since July. Despite a notable increase in Japan’s Producer Price Index […]
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports EUR/USD continues its downward trend for the fifth consecutive day, trading near 1.0550 during Thursday’s Asian session, hitting new yearly lows. The pair’s decline is primarily driven by the strengthening US Dollar (USD), fueled by “Trump trades.” Investors are now […]
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release Gold (XAU/USD) has trimmed part of its modest intraday recovery gains but continues to hold above $2,600 in early European trading on Wednesday. Investors’ cautious sentiment around US President-elect Donald Trump’s potential trade tariffs and their impact on global markets has led […]