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 […]
WTI Crude Oil Struggles Near $72.00, 100-Day SMA Holds as Key Support
West Texas Intermediate (WTI) crude oil prices fell from a one-week high on Tuesday, attracting sellers for the second straight session. The commodity trades at $72.00, barely above last week’s one-month low and close to the important 100-day Simple Moving Average (SMA) support. US Tariff Delay Weighs on Oil Prices US President Donald Trump has […]
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 […]
EUR/USD Holds Above 1.0400 Ahead of Q4 GDP Data and ECB Policy Decision
The EUR/USD pair is edging higher after three consecutive losses, trading near 1.0420 during Thursday’s Asian session. The rebound is primarily driven by a technical pullback in the US Dollar (USD). Meanwhile, the US Dollar Index (DXY), which tracks the greenback against six major currencies, remains just below 108.00. Despite the recent uptick, further gains […]
WTI Slips to $71.00 Amid Trade Tariff Concerns and Weak China Data
West Texas Intermediate (WTI) crude oil prices edge lower during Wednesday’s Asian session, erasing part of the previous day’s modest recovery from a nearly three-week low. The commodity trades near $71.00, down over 0.25% for the day, and remains vulnerable to further losses amid prevailing bearish sentiment. Investor concerns persist over US President Donald Trump’s […]
EUR/USD Edges Higher Toward 1.0450, Upside Limited Amid Risk-Off Sentiment
EUR/USD pauses its two-day decline, trading near 1.0440 during Wednesday’s Asian session. However, upside potential remains capped as risk-off sentiment prevails ahead of the Federal Reserve’s (Fed) interest rate decision later in the North American session. The US Dollar (USD) remains supported by the Fed’s cautious policy stance. According to the CME FedWatch tool, markets […]
GBP/USD Slips Below 1.2500 Amid Dovish BoE Expectations and Trump’s Tariff Plans
The GBP/USD pair reverses its three-day rally, trading near 1.2440 during Tuesday’s Asian session. The British Pound (GBP) faces mounting pressure as markets anticipate a likely rate cut by the Bank of England (BoE) to 4.5% at its next meeting. Key Drivers Behind GBP Weakness Weaker UK Economic Data: Recent economic indicators from the United […]
US Dollar Surges as Trump Revives Tariff Threats
The US dollar strengthened significantly against all major currencies after President Donald Trump and his Treasury Secretary reignited concerns about potential tariffs, raising fears that trade policies may return to the forefront. Risk-sensitive currencies, particularly those tied to China, saw sharp declines, while the euro weakened amid speculation that the European Union could soon face […]
Gold Price Retreats from Multi-Month High Amid USD Recovery
Gold price (XAU/USD) faces selling pressure at the beginning of the week, pulling back from its highest level since late October, near the $2,786 mark touched on Friday. The US Dollar (USD) has staged a modest recovery following its worst weekly performance since November 2023, which has weighed on the precious metal. However, the broader […]
NZD/USD Struggles Below 0.5700 Amid Trump’s Tariff Plans and Dovish RBNZ Expectations
The NZD/USD pair remains under pressure, trading near 0.5675 during the early Asian session on Friday. The New Zealand Dollar (NZD) faces headwinds due to uncertainty surrounding US President Donald Trump’s proposed tariffs on China and the dovish outlook of the Reserve Bank of New Zealand (RBNZ). New Zealand’s Consumer Price Index (CPI) for the […]
EUR/USD Gains Support Around 1.0450 Ahead of Eurozone and US PMI Data
The EUR/USD pair found support near 1.0450 during the early Asian session on Friday, driven by weakness in the US Dollar (USD). Investors are now focusing on the preliminary January readings of the HCOB Purchasing Managers Index (PMI) for the Eurozone and Germany, set to be released later in the day. On the US front, […]
Gold Price Remains Defensive Below Multi-Month High Amid Risk-On Sentiment
Gold price (XAU/USD) came under selling pressure during the Asian session on Thursday, retreating from the multi-month high of $2,763–$2,764 touched the previous day. This decline halts a three-day winning streak. The US Dollar (USD) gained some strength from its recovery off a monthly low, supported by a rebound in US Treasury bond yields, and […]
US Data and Trump Drive Sentiment in the FX Market
The US Dollar Index (DXY) managed to recover some ground, though a breakout above the 108.00 level remains out of reach for now. Weekly Initial Jobless Claims take the spotlight alongside the EIA’s report on US crude oil inventories, providing key cues for market sentiment. The EUR/USD rally lost steam after reaching multi-week highs above […]
EUR/USD Stalls Recovery Amid Midweek Slowdown
The EUR/USD pair slipped slightly on Wednesday, losing approximately 0.1% as markets entered a quiet phase ahead of key economic data releases later in the week. U.S. President Donald Trump has temporarily paused his ongoing trade war rhetoric and threats of broad-based import taxes, leaving investors with limited drivers for market movement. Thursday’s trading session […]