Gold holds firm as safe-haven demand stays strong; $5,200 remains the breakout level
Gold (XAU/USD) extended its positive tone for a third consecutive day on Friday. However, buyers are still looking for a clear and sustained move above the $5,200 level before committing to stronger bullish positions. Ongoing geopolitical tensions continue to support the precious metal, especially after the United States increased naval and air deployment in the […]
EUR/USD edges higher near 1.1800 ahead of Germany’s flash inflation release
The EUR/USD pair moves slightly higher, trading around 1.1810 during the late Asian session on Friday, as investors await Germany’s preliminary inflation figures for February, including data from its major states. Germany’s flash Harmonized Index of Consumer Prices (HICP) is projected to rise 0.5% month-on-month, recovering from a 0.1% decline in January. On an annual […]
Canadian Dollar stays firm above 1.3650 as US tariff worries weigh on USD
The USD/CAD pair trades slightly lower near 1.3670 during Thursday’s early European session. The US Dollar weakens against the Canadian Dollar as uncertainty around US economic policy and renewed concerns over higher import tariffs pressure the Greenback. Investors are now awaiting Canada’s Gross Domestic Product (GDP) figures and the US Producer Price Index (PPI) report […]
WTI steadies near $65.50 as markets await fresh US-Iran nuclear talks
West Texas Intermediate (WTI) crude trades near $65.50 per barrel during Thursday’s European session, stabilizing after two consecutive sessions of decline. Oil prices remain supported by persistent geopolitical tensions between the United States and Iran, which continue to fuel concerns about potential supply disruptions. Investors are closely watching the third round of US-Iran nuclear negotiations […]
Gold holds firm on safe-haven demand as weaker USD supports prices
Gold (XAU/USD) keeps modest gains below the $5,200 level during the Asian session on Wednesday, trading near the monthly high reached a day earlier. Ongoing geopolitical tensions continue to support the metal, as the United States strengthens its military presence in the Middle East ahead of the third round of US-Iran nuclear talks scheduled for […]
GBP/USD Holds Firm Above 1.3500 After Trump’s State of the Union Address
The GBP/USD pair extends its advance for a fourth straight session, trading near 1.3510 during Wednesday’s Asian session. The Pound Sterling remains supported as the US Dollar stays under pressure following US President Donald Trump’s first State of the Union address of his second term before Congress. In his speech, Trump claimed his administration had […]
EUR/USD rises toward 1.1800 as trade tensions pressure the US Dollar
The EUR/USD pair trades firmer near 1.1795 in early Asian trading on Tuesday, supported by a softer US Dollar (USD). Ongoing uncertainty surrounding US trade tariffs is weighing on the Greenback and helping the Euro (EUR) gain ground. Meanwhile, markets are also watching the US January Producer Price Index (PPI) report due later this week. […]
NZD/USD trims early advance while the US Dollar stays weak
The NZD/USD pair pulled back from its intraday highs during Monday’s early European session after meeting resistance near the key 0.6000 level. Even so, the pair remains slightly positive, trading around 0.5980, supported by a softer US Dollar amid fresh uncertainty surrounding US trade policy. At the time of writing, the US Dollar Index (DXY), […]
Pound Sterling Near Monthly Low as Markets Await US GDP & PCE Data
The GBP/USD pair extends its decline for a fifth straight session on Friday, drifting back toward the nearly one-month low recorded the previous day. During the Asian session, the pair trades below the mid-1.3400 region and remains under pressure as traders turn their focus to crucial US economic releases for fresh direction. Markets are awaiting […]
EUR/GBP slips below 0.8750 after stronger UK Retail Sales
The EUR/GBP pair edged lower to around 0.8735 in early European trading on Friday. The Pound gained against the Euro following better-than-expected UK economic figures. Later in the day, markets will focus on the preliminary Purchasing Managers’ Index (PMI) reports from the Eurozone, Germany, and the United Kingdom. Figures released by the Office for National […]
Gold Prices Below $5,000 as Hawkish Fed Minutes Support US Dollar
Gold prices (XAU/USD) moved sideways during Thursday’s Asian session, staying below the key $5,000 psychological level. Traders remain cautious as mixed signals from the market limit strong directional moves. The US Dollar continues to hold firm near a one-week high after the release of the January Federal Reserve meeting minutes, which leaned toward a more […]
The Australian dollar recoups its initial gains and falls below 0.7050 versus the US dollar.
During Thursday’s European trading session, the Australian dollar (AUD) gives up most of its early gains and flattens to about 0.7045 versus the US dollar (USD). Following the release of the Australian labor market data for January, the Aussie pair saw strong bids earlier in the day. With a lower unemployment rate and modest new […]
Gold holds intraday gains but stays below $4,950 ahead of FOMC Minutes
Gold (XAU/USD) continues its upward move during Tuesday’s European session, reaching a new daily high. The metal has recovered a large portion of the previous day’s sharp decline of more than 2%, when prices slipped toward the $4,842–$4,843 area — the lowest level in nearly two weeks. Still, traders remain cautious before the release of […]
EUR/USD stays weak below the mid-1.1800s, but losses may be limited
The EUR/USD pair faces selling pressure for a second straight day on Tuesday, trading below the mid-1.1800 region during the quiet Asian session. Even so, the overall fundamentals suggest traders should be cautious about expecting a deeper decline. The US Dollar Index (DXY), which measures the US Dollar against major currencies, holds on to its […]
WTI Oil stays below $63.00 as attention shifts to US-Iran talks
West Texas Intermediate (WTI), the main US crude benchmark, started the week on a soft note, continuing the cautious mood seen late last week. Prices are still moving within Friday’s range. Attempts to rise above $63.00 are struggling, while support near $62.00 is holding for now. As a result, crude remains roughly 4% lower than […]
Australian Dollar edges higher near 0.7090 before RBA and Fed minutes
The AUD/USD pair moved up after two days of losses, rising about 0.2% to around 0.7090 during Monday’s European session. The Australian Dollar strengthened as traders waited for the Reserve Bank of Australia (RBA) meeting minutes scheduled for Tuesday. At the policy meeting earlier this month, RBA Governor Michele Bullock indicated that interest rates may […]
Japanese Yen Strengthens Amid Renewed Government Intervention Signals
The Japanese Yen gained strength after renewed verbal intervention from Tokyo officials. As a result, USD/JPY declined for the fourth consecutive session, trading near 152.90 during Asian market hours. Japan’s Vice Finance Minister for International Affairs, Atsushi Mimura, stated that authorities are closely monitoring currency movements with a high level of urgency. He emphasized that […]
EUR/USD weakens as US jobs data trims Fed rate cut bets
The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index (CPI) inflation report. The Greenback strengthens against the Euro […]