EUR/USD Slips Below Mid-1.1700s as Stronger Dollar and Trade Concerns Weigh
The EUR/USD pair edged lower for a second consecutive day on Friday, retreating from a near three-week high reached earlier. At the time of writing, the pair is hovering around the 1.1740 mark, down slightly by less than 0.10% on the day, with limited follow-through selling pressure. Despite the European Central Bank’s (ECB) decision to […]
Japanese Yen Strengthens as US-Japan Trade Deal Sparks BoJ Rate Hike Speculation
The Japanese Yen (JPY) extended its winning streak against a weakening US Dollar (USD) for the fourth consecutive day on Thursday, rising to its highest level in over two weeks during the Asian session. The recent announcement of a trade agreement between the US and Japan has eased fears of economic fallout from higher tariffs […]
Gold Slides Below $3,380 as Trade Optimism Dampens Safe-Haven Demand; Weaker USD Cushions Decline
Gold (XAU/USD) continues to face selling pressure for a second straight session on Thursday, falling below the $3,380 mark during the Asian trading hours. The pullback is largely attributed to a decline in safe-haven demand as optimism grows around global trade developments. Markets are responding positively to news of a finalized trade agreement between the […]
Australian Dollar Gains Ground Amid Trade Optimism and Risk-On Sentiment
The Australian Dollar (AUD) extended its winning streak for a fourth straight session on Wednesday, rising above 0.6550 against the US Dollar (USD) as improved market sentiment and trade optimism continue to support risk assets. The AUD/USD pair is trading near 0.6560 in early Asia, driven by positive geopolitical developments and easing concerns over global […]
WTI Drops Below $65.50 as Demand Fears Weigh on Oil Markets
West Texas Intermediate (WTI) crude slipped to around $65.40 during early Asian trading on Wednesday, as renewed concerns over global oil demand and trade tensions put pressure on prices. The latest decline comes amid mounting anxiety over US President Trump’s tariff strategy, which investors fear could dampen global economic growth and reduce fuel consumption. Markets […]
GBP/USD Climbs Above 1.3500 Amid Risk-On Sentiment and Weaker Dollar Outlook
The GBP/USD pair continued its upward momentum on Wednesday, rising toward 1.3525 during the early European trading hours. A positive risk appetite in global markets is fueling demand for risk-sensitive currencies like the British Pound, helping it strengthen against the US Dollar. Investor focus is now shifting to Thursday’s release of the UK’s preliminary PMI […]
Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm
The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]
Japanese Yen Struggles as Election Results Dampen BoJ Rate Hike Outlook
The Japanese Yen (JPY) opened the week with fresh selling pressure, giving up early gains despite a bullish gap in Monday’s Asian session. The currency remains weighed down by domestic political uncertainty following Sunday’s upper house election, which dealt a significant setback to the ruling coalition. The loss raised fears of fiscal slippage, with opposition […]
GBP/USD Forecast: Pair Holds Above 1.3400 Despite Lingering Bearish Sentiment
The GBP/USD pair is trading slightly higher for the second consecutive session, hovering near 1.3420 during Monday’s Asian session. However, the overall outlook remains bearish, with technical indicators on the daily chart showing the pair still confined within a descending channel. The 14-day Relative Strength Index (RSI) remains below the neutral 50 mark, reinforcing the […]
EUR/USD Price Forecast: Consolidating Below 1.0500 Amid Multi-Week High
The EUR/USD currency pair is having a hard time continuing its recent winning streak, trading in a tight range just below the 1.0500 psychological mark during the Asian session on Monday. In spite of the consolidation, the pair is still close to its three-week high of Friday, buoyed by a weaker US Dollar (USD). Technically, […]
EUR/USD Eases Near 1.0300 Ahead of Lagarde’s Speech
The EUR/USD pair edges lower to approximately 1.0310 during the Asian session on Monday, weighed down by a stronger US Dollar (USD). Market participants are focused on the upcoming Eurozone Sentix Investor Confidence data for February and a speech by European Central Bank (ECB) President Christine Lagarde later in the day. On Friday, former US […]
NZD/USD gains ground to near 0.5700 on weaker US PMI data
During the early Asian session on Thursday, the NZD/USD pair was trading slightly higher at 0.5690. The Greenback falls against the New Zealand Dollar (NZD) as US economic data disappoints. Investors will keenly monitor developments in the rekindled trade battle between the United States and China, the world’s two largest economies. The weaker US Services […]
Australian Dollar Declines as US Dollar Holds Gains Ahead of Jobless Claims
The Australian Dollar (AUD) fell against the US Dollar (USD) on Thursday as trade balance data came in below average than expected. Furthermore, risk-off sentiment, fueled by rising US-China trade tensions, weighs on the AUD/USD. In December, Australia’s trade surplus fell to $5,085 million, falling short of the 7,000 million anticipated and down from $6,792 […]
EUR/USD Struggles Below 1.0400 Ahead of Eurozone Retail Sales Data
EUR/USD is trading lower around 1.0390 in the Asian session on Thursday, extending losses following a two-day recovery. Investors remain wary ahead of the release of Eurozone Retail Sales data later today. Market predictions suggest that Eurozone retail sales scaled by 1.9% year on year in December, up from the previous 1.2% increase. However, the […]
Gold Price Bulls Hold Firm, But Overbought Conditions Suggest Caution
Gold (XAU/USD) continues its upward trajectory through the Asian session on Wednesday, reaching a fresh all-time high near $2,858. Concerns about the economic impact of US President Donald Trump’s trade tariffs continue to drive demand for the safe-haven metal. Furthermore, predictions that the Federal Reserve (Fed) would continue its easing cycle, backed by signs of […]
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 […]