XtremeMarkets

Gold eases on profit-taking; US PCE data in focus

Gold news

Gold (XAU/USD) edged lower during early European trading hours on Friday, retreating from a five-week high near $3,425 reached in the prior session. The decline comes amid profit-taking and a firmer US Dollar (USD), supported by upbeat US economic data. The latest US GDP report showed the economy expanded at an annualized pace of 3.3% […]

WTI slips below $63.50 as summer demand fades

WTI slips below $63.50 as summer demand fades

West Texas Intermediate (WTI) crude is trading near $63.40 per barrel in Thursday’s Asian session, paring back gains from the previous day. Oil prices eased as traders assessed softening United State fuel demand with the summer driving season nearing its end. The latest US Energy Information Administration (EIA) data showed crude inventories fell by 2.39 […]

NZD/USD steadies above 0.5860 ahead of key US GDP data

NZD/USD steadies above 0.5860 ahead of key US GDP data

The NZD/USD pair is trading steadily around 0.5860 during Thursday’s early Asian session. Market sentiment remains cautious as concerns grow over the US Federal Reserve’s (Fed) independence following President Donald Trump’s decision to remove Fed Governor Lisa Cook on allegations of mortgage-related misconduct. Investors are closely watching the political developments, with Trump indicating on Tuesday […]

GBP/USD Slips Toward 1.3450, Rate-Cut Bets Support Sterling

GBP/USD pulls back in Asian trading on Wednesday, hovering near 1.3450 after giving up part of the previous session’s gains. Despite the dip, the Pound Sterling (GBP) retains underlying support as fading expectations for further Bank of England (BoE) rate cuts help cushion downside pressure. UK inflation has been climbing at a faster pace in […]

Australian Dollar under pressure as Trump warns of new tariffs on China

Australian Dollar

The Australian Dollar (AUD) slipped for a second straight session on Tuesday, trading near 0.6480 against the US Dollar (USD). The AUD/USD pair remains subdued after US President Donald Trump threatened to impose a 200% tariff on Chinese goods if Beijing refuses to supply magnets to the United States, according to Reuters. As China is […]

USD/CAD holds near 1.3850 as Trump dismisses Fed Governor Cook

USD/CAD holds

The USD/CAD pair is trading cautiously around 1.3850 on Tuesday, with the Canadian Dollar (CAD) showing modest resilience against the US Dollar (USD). The move comes after US President Donald Trump dismissed Federal Reserve (Fed) Governor Lisa Cook over allegations related to her mortgage holdings in Michigan and Georgia. Trump had earlier urged Cook to […]

Gold slips as US Dollar strengthens; Powell’s dovish tone may limit losses

Gold slips as US Dollar strengthens

Gold (XAU/USD) eased toward $3,350 in early European trading on Monday, weighed down by renewed US Dollar (USD) demand. However, growing expectations of a Federal Reserve (Fed) rate cut in September, following dovish remarks from Chair Jerome Powell at the Jackson Hole symposium, could cushion the downside for the precious metal. Powell acknowledged that while […]

EUR/USD Price Forecast: Testing a Key Trendline Above 1.1700

EUR/USD Price

The EUR/USD pair is holding onto Friday’s momentum, trading slightly above 1.1700 during the early European session on Monday. The common currency shows resilience as the US Dollar (USD) weakens, pressured by Federal Reserve Chair Jerome Powell’s remarks suggesting the possibility of interest rate cuts amid rising labor market concerns. The US Dollar Index (DXY), […]

WTI steadies near $63.50 as Russia-Ukraine peace prospects dim

Russia-Ukraine peace prospects dim

West Texas Intermediate (WTI) crude oil traded flat on Friday, hovering around $63.40 during Asian hours, after two consecutive days of gains. Prices remained steady as optimism over an immediate Russia-Ukraine peace settlement continued to fade, keeping risk premiums intact. According to Reuters, analysts at ING noted, “It’s proving difficult to arrange a Putin-Zelenskyy summit, […]

EUR/GBP edges lower near 0.8650 ahead of German GDP data

EUR/GBP edges lower near

The EUR/GBP pair trades with modest losses around 0.8650 in early European hours on Friday, as the Pound Sterling (GBP) finds support from expectations that the Bank of England (BoE) may refrain from additional rate cuts this year. Investors now await Germany’s second-quarter (Q2) Gross Domestic Product (GDP) release due later in the day. UK […]

Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand

Gold Slips as Hawkish Fed Minutes

Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled that officials remain more concerned about inflation than the labor market. The hawkish tone has […]

EUR/USD Holds Losses Near 1.1650 Ahead of Key Eurozone PMI Data

EUR/USD Holds Losses Near 1.1650 Ahead of Key Eurozone PMI Data

The EUR/USD pair remains under pressure, trading around 1.1640 during Thursday’s Asian session after modest gains in the previous day. The Euro weakens against the US Dollar as markets await the release of HCOB Purchasing Managers’ Index (PMI) figures from Germany and the broader Eurozone. Germany’s PMI data is due at 07:30 GMT, with the […]

WTI Slips Toward $62.00 Amid Hopes for Ukraine Peace Talks

WTI Slips Toward $62.00 Amid Hopes for Ukraine Peace Talks

West Texas Intermediate (WTI) crude oil prices softened in early Asian trading on Wednesday, drifting to around $62.05. The pullback comes as optimism grows over potential peace talks aimed at ending Russia’s invasion of Ukraine, following discussions between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy. Market participants anticipate that any agreement to legitimize […]

NZD/USD Drops Toward 0.5850 After RBNZ Rate Cut

NZD/USD Drops Toward 0.5850 After RBNZ Rate Cut

The New Zealand Dollar (NZD) continued its losing streak for a third straight session on Wednesday, with NZD/USD slipping toward 0.5850 during Asian trading hours. The decline followed the Reserve Bank of New Zealand’s (RBNZ) decision to lower its Official Cash Rate (OCR) by 25 basis points to 3.00%, in line with market expectations. Meanwhile, […]

US Dollar Index Holds Above 98.00 Ahead of Fed Minutes

US Dollar Index Holds Above 98.00 Ahead of Fed Minutes

The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, strengthened during Wednesday’s Asian session, trading near 98.30. The move comes as fading expectations of aggressive Federal Reserve (Fed) policy easing—following a stronger US wholesale inflation print—lend support to the currency. Earlier this month, weaker US employment data and […]

Australian Dollar slips as US Dollar firms on geopolitical optimism

Australian Dollar slips as US Dollar firms on geopolitical optimism

The Australian Dollar (AUD) extends its decline for a second straight session on Tuesday, with AUD/USD trading lower despite an improvement in domestic sentiment data. Westpac Consumer Confidence surged 5.7% in August to 98.5, its highest level since February 2022, after a modest 0.6% rise in July. The lift comes as the Reserve Bank of […]

GBP/USD edges lower toward 1.3500 as Fed cut bets ease

GBP/USD edges lower

The GBP/USD pair trades on a softer note near the 1.3500 mark during Tuesday’s early European session. The US Dollar (USD) gains modestly against the Pound Sterling (GBP) as traders scale back expectations of a Federal Reserve (Fed) rate cut at the September 16–17 policy meeting. Attention now shifts to the UK’s July Consumer Price […]

EUR/USD slips below 1.1700, Fed’s dovish outlook limits downside

EUR/USD slips below 1.1700, Fed’s dovish outlook limits downside

EUR/USD edged lower in Asian trading on Monday, slipping to around 1.1690 after posting 0.5% gains in the previous session. While the pair is under mild pressure, the downside appears capped as the U.S. Dollar (USD) struggles under the weight of the Federal Reserve’s dovish policy expectations ahead of its September meeting. Traders are now […]