USD/CAD Remains Pressured Near 1.3950 On the Imminent Canadian Jobs Report
USD/CAD remains in a slightly range-bound area around the 1.3950 level in Friday’s Asian trading, as traders are wary of taking action ahead of Canada’s November employment data. The labour market figures, which are scheduled to be released later in the day, will likely prove to be the primary catalyst for the Canadian Dollar (Loonie) and […]
GBP/USD Holds Steady at 1.3330 While Traders Wait for US PCE Data
GBP/USD isn’t really going anywhere right now, hovering near 1.3330 in Friday’s Asian hours. Everyone’s just waiting for the US PCE inflation numbers—the data got delayed, so traders are playing it safe until they see what the Fed might do next. Nobody wants to make big bets on the Pound or the Dollar before getting […]
Gold Prices Hold Firm Above $4,200 as Traders Wait for US PCE Figures
Gold Prices (XAU/USD) remain stuck in a tight range so far this Friday, trading around $4,210, as investors remain wary ahead of the US Personal Consumption Expenditures (PCE) Price Index. The precious metal has been trading in a tight range for nearly a week, with traders awaiting confirmation of sustained trends in the Federal Reserve’s […]
GBP/USD Drops Below 1.3350 as the USD Accelerates
Early on Thursday, GBP/USD is trading around 1.3330, retreating from its recent two-month high. The main story? The US Dollar bounced back, even though American economic data has been underwhelming. People are keeping an eye on the calendar—big US numbers are on the way, especially the Weekly Initial Jobless Claims Report. Right now, there’s caution […]
WTI Crude Hovers Near $59 After Ukraine Hits Russian Pipeline, Stirring Supply Jitters
WTI crude prices nudged higher in Thursday’s Asian trading, up about 0.25% and flirting with the $59 mark. The bump came right after Ukraine struck the Druzhba pipeline in Russia’s Tambov region—a major supply line pushing oil into Hungary and Slovakia. With Russian heavyweights Rosneft and Lukoil already hamstrung by sanctions, the attack just cranked […]
Japanese Yen Slips as Dollar Bounces Back, but Rate Hike Buzz Keeps Losses in Check
The yen lost a bit of ground against the US dollar in Thursday’s Asian trading. Still, it’s not all bad news for the yen. Traders are treading carefully these days, not eager to bet against the Bank of Japan. There’s real buzz about a potential rate hike in December. Governor Kazuo Ueda made it pretty […]
Gold Prices Strong Above $4,200 as Dovish Fed Bets Weigh on the Dollar
Gold prices (XAU/USD) kept climbing in Asian trading on Wednesday, holding steady above $4,200. The metal’s rally isn’t just momentum—it’s traders betting hard on another Fed rate cut next week. The weak US Dollar is making gold even more attractive, especially after Tuesday’s quick bounce from $4,164. Bulls are still in control, but let’s be […]
AUD/USD Pushes Higher, Holds Steady Near Three-Week Peak
AUD/USD started Tuesday’s Asian session on the front foot, snapping back from Monday’s mild dip and hanging comfortably around the mid-0.6500s. The pair is up just over 0.10% today, building on a recovery that started after last month’s lows. Right now, a stronger Aussie and a weaker US Dollar are both fueling this move. RBA’s […]
Oil prices stay under $59.50, dragged down by growing pessimism
West Texas Intermediate took a hit, dipping to about $59.25 in Tuesday’s Asia trading. With the US dollar gaining ground, crude feels the heat—pushing near-term views deeper into negative territory. Traders are waiting for the latest API Weekly Crude Oil Stockpile numbers, hoping for a hint on where the market’s headed next. Geopolitics and OPEC+ […]
EUR/JPY Pair Nears 180.70; Market Banks on Eurozone HICP Data
EUR/JPY rises near 180.70 as traders snap up the pair after three straight days of losses. Buyers stepped in once the price bounced off the 180.00 level, and now everyone’s watching for the latest Eurozone inflation numbers (HICP) to set the tone. The Expectation is that the ECB Will Keep Rates Steady Right now, the […]
Crypto Market Sinks as December Kicks Off; Yearn Finance “Incident” Sends Shockwaves
December didn’t start off well for crypto. Right out of the gate, big tokens tumbled. Bitcoin, Ethereum, and a bunch of altcoins all slid hard during the Monday morning rush in Asia. Why? Yearn Finance dropped news of an “incident” in its ETH liquidity pool, and that was enough to spook traders. The mood had […]
Gold Keeps Climbing Past $4,200 as Traders Bet on Fed Rate Cuts
During Asian market hours on Monday morning, gold (XAU/USD) continued to rise, hovering around $4,230. The metal’s been riding a wave of speculation that the Federal Reserve will start cutting interest rates in December. Everyone’s got their eyes on the US ISM Manufacturing PMI report next, since that could shake up both the US Dollar […]
USD/CAD Pair Tries Hard to Bounce Back Above 1.3950
Early on Monday in Asia, the USD/CAD pair slightly increased and returned to 1.3980. It’s a bit of a stubborn move, especially since Canada just dropped stronger economic numbers. Still, the US Dollar just can’t seem to break out, with traders fully expecting the Federal Reserve to cut interest rates this month. Everyone’s eyes are […]
Australian Dollar Surges as Inflation Surprises
The Aussie dollar just won’t quit. Friday marked its sixth day in a row climbing against the US dollar, and the reason’s pretty clear—October’s inflation numbers came in hotter than anyone expected. Prices keep rising, now four months straight, and they’ve blown past the Reserve Bank’s 2–3% comfort zone. Traders see this and figure the […]
WTI Holds Steady Near $59 as Markets Watch Geopolitics Unfold
WTI crude is hanging tough around $59 a barrel in Friday’s Asian session, logging its third straight day in the green. The mood? Cautiously optimistic. Every development in the peace negotiations between Russia and Ukraine is being closely monitored by traders; any significant advancement could disrupt oil flows and cause market shocks. All Focus on […]
USD/CAD Is Above 1.4000 While Markets Await Crucial Information
USD/CAD is firm and holding onto mild gains this Friday in the Asia Market. It is holding near 1.4030. The US Dollar’s getting a little lift, but not much—everyone’s still betting on a Federal Reserve rate cut in December. All eyes are also on Canada’s Q3 GDP numbers, set to drop later today. That release […]
GBP/USD Rises Once More as Dollar Expectations of a Rate Cut
GBP/USD climbed higher this week, hitting above 1.3250 on Thursday—marking six days straight of upward moves. What’s driving it? Well, the dollar’s getting weaker because more traders now expect a rate cut from the Fed come December. Despite the recent mixed bag of US economic data, most people continue to hold a more dovish view, […]
NZD/USD Goes Down Toward 0.5700 While Breaking the Short-term Barrier
On the last Wednesday in November, the NZD/USD gained momentum, going up more than 1%, sitting near 0.5690 in Asia’s session. This time, it climbed past the nine-day EMA, hinting at fresh short-term power. But let’s be real—the bigger trend still points down. The daily chart makes that obvious, so investors aren’t exactly piling in […]