EUR/USD Holds Above 1.1400 Ahead of Key Eurozone and US Economic Data
The EUR/USD pair finds modest support near the 1.1400 level during Thursday’s Asian session, as the US Dollar (USD) pauses its rally following a five-day winning streak. The pair shows signs of stability as traders take a cautious approach ahead of major economic releases from both the Eurozone and the United States. The US Dollar […]
US Dollar Index slips below 99.00 ahead of key Fed policy decision
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is trading around 98.80 during Wednesday’s Asian session, snapping a four-day winning streak. Investors are exercising caution ahead of the US Federal Reserve’s (Fed) interest rate decision later in the North American session. Markets widely expect the Fed to […]
EUR/USD Struggles Below 1.1600 as US-EU Trade Deal Favors US Interests
The EUR/USD pair remains subdued in early Asian trading on Tuesday, hovering near 1.1590 after dropping over 1% in the previous session. The decline comes amid renewed US Dollar (USD) strength, fueled by optimism surrounding a new trade agreement between the United States and the European Union. Over the weekend, the US and EU reached […]
Gold Price Trades Sideways Near Multi-Week Low Amid Caution Ahead of FOMC Decision
Gold (XAU/USD) continues its consolidation phase during Tuesday’s Asian session, trading near the three-week low reached on Monday. The precious metal remains rangebound as markets adopt a cautious stance ahead of the two-day Federal Open Market Committee (FOMC) meeting starting later today. Meanwhile, the US Dollar (USD) has paused its recent rally, offering some support […]
Australian Dollar Extends Losses Amid Cautious Market Tone; Focus Shifts to Key Data and Trade Talks
The Australian Dollar (AUD) continued its downward trend against the US Dollar (USD) on Monday, marking a third straight session of losses. However, AUD/USD saw a brief uptick following the announcement of a new trade agreement between the United States and the European Union (EU). Market participants are closely monitoring the scheduled meeting between US […]
Gold Struggles Near Weekly Lows Amid Stronger Dollar and Trade Optimism
Gold (XAU/USD) continues to face selling pressure as Friday’s European session begins, with prices lingering near the previous day’s swing low. The yellow metal is on track for its third consecutive daily loss, weighed down by a strengthening US Dollar and a more optimistic global trade outlook, which is dampening demand for safe-haven assets. The […]
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 […]
Japanese Yen Strengthens as US-Japan Trade Deal Sparks BoJ Rate Hike Speculation
The Japanese Yen (JPY) extended its winning streak against a weakening US Dollar (USD) for the fourth consecutive day on Thursday, rising to its highest level in over two weeks during the Asian session. The recent announcement of a trade agreement between the US and Japan has eased fears of economic fallout from higher tariffs […]
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 […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
Gold Price Stuck in Range as Bulls Await Clear Catalyst
Gold (XAU/USD) remains mildly bid for the second straight session on Monday, but the upside momentum lacks strength as prices continue to hover within a well-defined, multi-week range. The precious metal finds support from ongoing global trade uncertainties and a subdued US Dollar, yet investors remain cautious in the absence of a decisive bullish trigger. […]
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 […]
EUR/USD Breaks Above 1.1600 as Dovish Fed Comments Ease Risk Aversion
The EUR/USD pair rebounded sharply on Friday during the Asian session, climbing above the 1.1600 mark to trade around 1.1630. The recovery follows a decline in the previous session and comes amid a softer US Dollar (USD) driven by easing risk sentiment and dovish commentary from several Federal Reserve (Fed) officials. San Francisco Fed President […]
What Are Commodity Currencies? How They Impact Your Forex Trades
In the world of forex trading, most beginners start by looking at major pairs like EUR/USD or GBP/USD. But if you are planning to move one step beyond and want to understand the bigger picture of global markets, one powerful concept you must not forget. Did you get what we are talking about? Well, commodity […]
Rise of Automated Trading: Benefits and Risks
The forex market, the largest and most liquid financial market in the world has undergone a massive transformation in recent years due to the rise of automated trading. Gone are the days when traders had to sit for long hours in front of their computer screens, analyzing charts and executing trades manually. Today, sophisticated algorithms […]
Australian Dollar Rises Amid Risk-On Sentiment, Focus Shifts to RBA Rate Decision
The Australian Dollar (AUD) continues its third straight session of gains against the US Dollar (USD) on Monday, following US President Donald Trump’s move to postpone the imposition of reciprocal tariffs. A weaker USD following disappointing US retail sales data has further supported the AUD/USD pair, reigniting speculation that the Federal Reserve (Fed) may cut […]