XtremeMarkets

Australian Dollar Holds Steady as Fed Cuts Loom, RBA Seen on Pause

Australian Dollar Holds Steady as Fed Cuts Loom

The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Wednesday after two days of gains, though downside pressure remains limited. Rising expectations of multiple Federal Reserve (Fed) rate cuts could weigh on the greenback and help support AUD/USD. US Data and Fed Outlook US Retail Sales rose 0.6% month-on-month in August, matching […]

WTI Price Forecast: Holding Steady Around $64.00, Bulls Retain Control

WTI Price Forecast: Holding Steady Around $64.00, Bulls Retain Control

West Texas Intermediate (WTI) crude oil prices are consolidating near the $64.00 mark in Wednesday’s Asian session after three days of recovery gains. The commodity remains supported by concerns over potential Russian supply disruptions. Technical Outlook From a chart perspective, Tuesday’s breakout above a short-term ascending trend channel—formed from this month’s multi-month low—has strengthened the […]

EUR/USD edges higher toward 1.1800 ahead of key Eurozone and German data

EUR/USD edges higher

EUR/USD is extending its gains for the fourth straight session, trading near 1.1780 during Asian hours on Tuesday. The Euro (EUR) is strengthening as markets await the release of Eurozone Industrial Production figures for July and Germany’s ZEW Economic Sentiment Survey for September. Support for the common currency comes from hawkish remarks by European Central […]

Australian Dollar steadies as markets eye Michigan Consumer Sentiment

Australian Dollar steadies as markets eye Michigan Consumer Sentiment

The Australian Dollar (AUD) held firm against the US Dollar (USD) on Friday, consolidating after two straight sessions of gains. The AUD/USD pair traded near 0.6660, supported by risk-on sentiment and rising bets of a Federal Reserve (Fed) rate cut next week. Softer US labor data has overshadowed hotter inflation, with investors also raising the […]

EUR/USD stays capped below 1.1750 ahead of Michigan Consumer Sentiment release

EUR/USD stays capped below 1.1750

The EUR/USD pair edged lower to around 1.1725 during Friday’s Asian session, weighed down by renewed US Dollar (USD) strength. Still, downside momentum may remain limited as traders increasingly anticipate a Federal Reserve (Fed) rate cut next week. Focus now turns to Germany’s August Harmonized Index of Consumer Prices (HICP) and the University of Michigan […]

Gold eases as risk appetite improves and USD ticks higher, focus shifts to US CPI

Gold eases as risk appetite improves

Gold (XAU/USD) faced mild selling pressure in Asian trading on Thursday, retracing part of the prior session’s gains. The retreat was driven by upbeat sentiment across global equities and a modest uptick in the US Dollar (USD), which together limited demand for the safe-haven metal. That said, expectations of a Federal Reserve (Fed) rate cut […]

EUR/USD holds near 1.1700 as soft US PPI boosts Fed rate cut bets

EUR/USD holds near

The EUR/USD pair is steady around 1.1700 on Wednesday as markets digest fresh US economic data. A softer US inflation print weakened the Dollar, reinforcing expectations of a Federal Reserve (Fed) rate cut and keeping the pair within familiar ranges. Euro steadies as weak PPI weighs on the Dollar The US Producer Price Index (PPI) […]

Japanese Yen steady against USD; downside risks appear contained

Japanese Yen steady against USD; downside risks appear contained

The Japanese Yen (JPY) trades in a narrow range against the US Dollar (USD) during Wednesday’s Asian session, reflecting mixed fundamental signals. While political uncertainty in Japan and buoyant equity markets weigh on the safe-haven JPY, expectations of further Bank of Japan (BoJ) tightening and dovish Federal Reserve (Fed) prospects help cushion losses, limiting upside […]

NZD/USD steady above 0.5900 despite weak Chinese CPI data

NZD/USD steady above 0.5900 despite weak Chinese CPI data

The NZD/USD pair remains firm near 0.5930 during Wednesday’s Asian session, with the New Zealand Dollar holding its ground against the US Dollar despite softer-than-expected Chinese inflation figures. Traders now shift focus to the upcoming US Producer Price Index (PPI) data for August, due later in the day. Fresh data from China’s National Bureau of […]

US Nonfarm Payrolls expected to rise by 75K in August amid labor market slowdown concerns

US Nonfarm Payrolls

The US Bureau of Labor Statistics (BLS) will release the closely watched Nonfarm Payrolls (NFP) report for August on Friday at 12:30 GMT. The data is set to play a decisive role in shaping expectations for the Federal Reserve’s upcoming interest rate decision later this month. Market expectations Economists project that Nonfarm Payrolls will rise […]

EUR/CAD holds gains above 1.6100 ahead of Canadian jobs report

EUR/CAD news

The EUR/CAD pair continued its upward momentum for a third consecutive session on Friday, trading slightly higher near 1.6115 during the late Asian hours. The move comes as traders await Canada’s August employment data, scheduled for release at 12:30 GMT. Markets anticipate the report will show a modest increase of 7.5K jobs, following July’s sharp […]

Gold eases from record highs as USD recovery tempers bullish momentum

Gold Price

Gold (XAU/USD) extended its two-week rally to reach a fresh record high around the $3,546–3,547 zone during Asian trading on Wednesday. Expectations of a Federal Reserve rate cut this month, coupled with ongoing trade uncertainties, have underpinned demand for the non-yielding safe-haven asset. However, gains slowed as the US Dollar (USD) maintained its recovery for […]

EUR/USD falls toward 1.1600 ahead of Eurozone PMI release

EUR/USD falls toward 1.1600 ahead of Eurozone PMI release

EUR/USD extended its decline for a second consecutive session on Wednesday, hovering near 1.1620 during Asian trading hours. Investors are now awaiting the release of HCOB Purchasing Managers’ Index (PMI) data from both Germany and the broader Eurozone later in the day. The pair weakened as the US Dollar (USD) gained traction on the back […]

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 […]